Canadian Analyst Coverage Update: Sept 5th, 2025

Badger Infrastructure Solutions Ltd. (BDGI:CA) had its Buy rating maintained by TD Securities with a target price of $70.

Bank of Montreal (BMO:CA) had its target price lifted to $185 with a Buy rating from Canaccord Genuity.

Bank of Montreal (BMO:CA) was upgraded to Outperform by CIBC World Markets with a target price of $180.

Bank of Nova Scotia (BNS:CA) had its target price raised to $93 with a Neutral rating from CIBC World Markets.

Bird Construction Inc. (BDT:CA) had its target price raised to $32 with a Buy rating from TD Securities.

Bird Construction Inc. (BDT:CA) had its target price lifted to $33 with an Outperform rating from ATB Capital.

Bird Construction Inc. (BDT:CA) had its target price increased to $36 with a Buy rating from Stifel Nicolaus.

Cargojet Inc. (CJT:CA) was given a target price of $132 and an Outperform rating by Raymond James.

Dollarama Inc. (DOL:CA) had its Sell rating maintained by Morningstar with a target price of $125.

Emera Inc. (EMA:CA) had its Underperform rating maintained by Morningstar with a target price of $56.

Equinox Gold Corp. (EQX:CA) had its target price raised to $15 with a Buy rating from TD Securities.

First Majestic Silver Corp. (AG:CA) had its target price raised to $17.50 by Cormark Securities.

Fortis Inc. (FTS:CA) had its Underperform rating maintained by Morningstar with a target price of $64.

National Bank of Canada (NA:CA) had its target price raised to $154 with a Neutral rating from CIBC World Markets.

National Bank of Canada (NA:CA) had its Underperform rating maintained by Morningstar with a $118 target price.

Nutrien Ltd. (NTR) was assigned a target price of $88 with a Sector Perform rating from National Bank.

Osisko Metals Incorporated (OM:CA) had its Outperform rating maintained by TD Securities with a target price of $1.15.

Pan American Silver Corp. (PAAS:CA) had its target price lowered to $50 but maintained an Outperform rating from Scotiabank.

Pan American Silver Corp. (PAAS:CA) had its target price raised to $62 by BMO Capital Markets.

Pan American Silver Corp. (PAAS:CA) had its target price lifted to $62 with an Outperform rating from National Bank.

Pan American Silver Corp. (PAAS:CA) had its Outperform rating maintained with a $50 target price from TD Securities.

Royal Bank of Canada (RY:CA) was assigned a target price of $208 with a Neutral rating from CIBC World Markets.

Snowline Gold Corp. (SGD:CA) received a target price of $15 with an Outperform rating from National Bank.

Snowline Gold Corp. (SGD:CA) had its Outperform rating maintained by TD Securities with a $14.50 target price.

TC Energy Corp. (TRP:CA) was assigned a Neutral rating and a $75 target by Citigroup.

TD Bank (TD:CA) had its target price raised to $112 by CIBC World Markets.

Thomson Reuters Corp. (TRI:CA) had its Buy rating maintained by TD Securities with a $285 target price.

Transcontinental Inc. (TCL-A:CA) had its Buy rating maintained by TD Securities with a target price of $26.

Transcontinental Inc. (TCL-B:CA) had its Outperform rating maintained by CIBC World Markets with a $23 target price.

WELL Health Technologies Corp. (WELL:CA) had its Buy rating maintained by TD Securities with a $7.50 target price.