Analyst Ratings for TSX/VENTURE
Analyst ratings play a crucial role in guiding investors, offering valuable information on the prospects of individual stocks and industries. In this summary, we present an overview of recent analyst rating changes for a selection of Canadian stocks.
Advantage Oil & Gas (AAV:CA)
Analyst: TD Securities
Analyst Grade: A-
Industry: Oil & Gas E&P
Rating Action: Buy
Target Price: CAD 12
Average Target Price: CAD 12.66
Analyst Rating: Strong Buy
Stock Target Advisor Analysis Date: 10/27/2023
Analyst: Scotia Capital
Analyst Grade: A+
Industry: Oil & Gas E&P
Rating Action: Outperform
Target Price: CAD 18
Average Target Price: CAD 12.66
Analyst Rating: Strong Buy
Stock Target Advisor Analysis Date: 10/27/2023
Analyst: CIBC World Markets
Analyst Grade: N/A
Industry: Oil & Gas E&P
Rating Action: Neutral
Target Price: CAD 10.5
Average Target Price: CAD 12.66
Analyst Rating: Strong Buy
Stock Target Advisor Analysis Date: 10/27/2023
Advantage Oil & Gas, a key player in the Oil & Gas Exploration and Production sector, has attracted mixed reviews from analysts. While TD Securities and Scotia Capital both maintain bullish positions, with Buy and Outperform ratings, respectively, CIBC World Markets opts for a more neutral stance. This divergence in opinions highlights the dynamic nature of the energy sector and its susceptibility to market fluctuations.
ATCO Ltd (ACO-X:CA)
Analyst: TD Securities
Analyst Grade: N/A
Industry: Utilities – Diversified
Rating Action: Buy (Target Down)
Target Price: CAD 48
Average Target Price: CAD 46.00
Analyst Rating: Buy
Stock Target Advisor Analysis Date: 10/27/2023
ATCO Ltd, a leading player in the Utilities – Diversified sector, has garnered a Buy rating from TD Securities, albeit with a revised target price. This indicates optimism in the company’s performance, even as the target price has been adjusted slightly downward, possibly due to changing market conditions.
Alamos Gold Inc (AGI:CA)
Analyst: Scotia Capital
Analyst Grade: A
Industry: Gold
Rating Action: Outperform (Target Up)
Target Price: CAD 21
Average Target Price: CAD 20.85
Analyst Rating: Strong Buy
Stock Target Advisor Analysis Date: 10/27/2023
Alamos Gold Inc, operating in the Gold sector, has received an Outperform rating from Scotia Capital, accompanied by an upward adjustment of the target price. This suggests a positive outlook for the company within the context of the volatile gold market.
Aecon Group Inc (ARE:CA)
Analyst: ATB Capital Markets
Analyst Grade: D+
Industry: Engineering & Construction
Rating Action: Buy (Target Down)
Target Price: CAD 15.25
Average Target Price: CAD 12.25
Analyst Rating: Buy
Stock Target Advisor Analysis Date: 10/27/2023
Analyst: STA Research
Analyst Grade: D
Industry: Engineering & Construction
Rating Action: Speculative Buy (Upgrades)
Target Price: CAD 11
Average Target Price: CAD 12.25
Analyst Rating: Buy
Stock Target Advisor Analysis Date: 10/27/2023
Analyst: TD Securities
Analyst Grade: A
Industry: Engineering & Construction
Rating Action: Hold (Target Down)
Target Price: CAD 10.5
Average Target Price: CAD 12.25
Analyst Rating: Buy
Stock Target Advisor Analysis Date: 10/27/2023
Aecon Group Inc, a prominent player in Engineering & Construction, has generated a spectrum of opinions. While ATB Capital Markets and STA Research lean towards a more bullish perspective, TD Securities opts for a Hold rating with a reduced target price. This diversity of opinions showcases the inherent complexity of the construction industry, influenced by factors such as economic conditions and infrastructure projects.
Calian Technologies (CGY:CA)
Analyst: CIBC World Markets
Analyst Grade: N/A
Industry: Specialty Business Services
Rating Action: Outperform
Target Price: CAD 65
Average Target Price: CAD 70.20
Analyst Rating: Strong Buy
Stock Target Advisor Analysis Date: 10/27/2023
Calian Technologies, operating in the Specialty Business Services sector, has garnered a strong Buy rating from CIBC World Markets. This positive outlook indicates confidence in the company’s ability to deliver in a competitive industry.
Canadian Pacific Railway (CP:CA)
Analyst: Morningstar
Analyst Grade: N/A
Industry: Railroads
Rating Action: Hold
Target Price: CAD 95
Average Target Price: CAD 113.24
Analyst Rating: Buy
Stock Target Advisor Analysis Date: 10/27/2023
Canadian Pacific Railway, a major player in the Railroads industry, has received a Hold rating from Morningstar, even as the stock’s average target price is significantly higher. This suggests cautious optimism within the sector.
Canadian Utilities Ltd (CU:CA)
Analyst: TD Securities
Analyst Grade: N/A
Industry: Utilities – Diversified
Rating Action: Buy (Target Down)
Target Price: CAD 35
Average Target Price: CAD 36.43
Analyst Rating: Buy
Stock Target Advisor Analysis Date: 10/27/2023
Canadian Utilities Ltd, another key player in the Utilities sector, has a Buy rating from TD Securities, accompanied by a modest reduction in the target price. This indicates a positive sentiment toward the company’s prospects, despite the price adjustment.
Eldorado Gold Corp (ELD:CA)
Analyst: TD Securities
Analyst Grade: B
Industry: Gold
Rating Action: Hold
Target Price: CAD 15
Average Target Price: CAD 15.02
Analyst Rating: Buy
Stock Target Advisor Analysis Date: 10/27/2023
Analyst: Scotia Capital
Analyst Grade: A
Industry: Gold
Rating Action: Sector Perform
Target Price: CAD 16.5
Average Target Price: CAD 15.02
Analyst Rating: Buy
Stock Target Advisor Analysis Date: 10/27/2023
Eldorado Gold Corp, active in the Gold industry, has garnered mixed reviews from TD Securities and Scotia Capital. While TD Securities maintains a Hold rating, Scotia Capital sees the company as a sector performer, suggesting some variability in the gold market’s sentiment.
Filo Mining Corp (FIL:CA)
Analyst: CIBC World Markets
Analyst Grade: N/A
Industry: Other Industrial Metals & Mining
Rating Action: Outperform
Target Price: CAD 36
Average Target Price: CAD 31.43
Analyst Rating: Strong Buy
Stock Target Advisor Analysis Date: 10/27/2023
Filo Mining Corp, operating in the Other Industrial Metals & Mining sector, has received a Strong Buy rating from CIBC World Markets. This rating reflects confidence in the company’s potential within the context of a competitive industry.
FirstService Corp (FSV:CA)
Analyst: Scotia Capital
Analyst Grade: A-
Industry: Real Estate Services
Rating Action: Outperform (Target Down)
Target Price: CAD 214
Average Target Price: CAD 216.00
Analyst Rating: Strong Buy
Stock Target Advisor Analysis Date: 10/27/2023
FirstService Corp, active in Real Estate Services, has received a Strong Buy rating from Scotia Capital, even though the target price has been slightly adjusted downward. This reflects a positive view on the company’s performance in a dynamic real estate market.
Fortis Inc (FTS:CA)
Analyst: TD Securities
Analyst Grade: N/A
Industry: Utilities – Regulated Electric
Rating Action: Buy
Target Price: CAD 63
Average Target Price: CAD 58.10
Analyst Rating: Buy
Stock Target Advisor Analysis Date: 10/27/2023
Analyst: CIBC World Markets
Analyst Grade: N/A
Industry: Utilities – Regulated Electric
Rating Action: Neutral
Target Price: CAD 58
Average Target Price: CAD 58.10
Analyst Rating: Buy
Stock Target Advisor Analysis Date: 10/27/2023
Fortis Inc, a major player in the Utilities – Regulated Electric sector, has received Buy ratings from both TD Securities and CIBC World Markets, with the latter opting for a neutral stance. This indicates a positive view of the company’s potential in the utilities industry.
Kinaxis Inc (KXS:CA)
Analyst: TD Securities
Analyst Grade: N/A
Industry: Software – Application
Rating Action: Buy
Target Price: CAD 210
Average Target Price: CAD 211.43
Analyst Rating: Strong Buy
Stock Target Advisor Analysis Date: 10/27/2023
Kinaxis Inc, operating in the Software – Application sector, has received a Strong Buy rating from TD Securities. This reflects optimism in the company’s software offerings and its ability to succeed in a competitive tech market.
Morguard Real Estate Investment Trust (MRT-UN:CA)
Analyst: TD Securities
Analyst Grade: N/A
Industry: REIT – Diversified
Rating Action: Hold
Target Price: CAD 5.5
Average Target Price: CAD 5.67
Analyst Rating: Hold
Stock Target Advisor Analysis Date: 10/27/2023
Morguard Real Estate Investment Trust, a player in the REIT – Diversified sector, has received a Hold rating from TD Securities. This suggests a cautious approach within the dynamic real estate investment trust market.
OceanaGold Corporation (OGC:CA)
Analyst: Scotia Capital
Analyst Grade: A
Industry: Gold
Rating Action: Target Down
Target Price: CAD 4
Average Target Price: CAD 4.09
Analyst Rating: Strong Buy
Stock Target Advisor Analysis Date: 10/27/2023
OceanaGold Corporation, operating in the Gold industry, has received a Strong Buy rating from Scotia Capital, despite a target price reduction. This signifies positive sentiment within the gold market, although the company’s outlook remains subject to market dynamics.
Osisko Mining Corp (OSK:CA)
Analyst: Scotia Capital
Analyst Grade: A
Industry: Gold
Rating Action: Outperform
Target Price: CAD 4.25
Average Target Price: CAD 4.94
Analyst Rating: Strong Buy
Stock Target Advisor Analysis Date: 10/27/2023
Osisko Mining Corp, active in the Gold sector, has received a Strong Buy rating from Scotia Capital. This outlook underscores optimism within the gold industry, despite the market’s inherent volatility.
Sernova Corp (SVA:CA)
Analyst: STA Research
Analyst Grade: F
Industry: Biotechnology
Rating Action: Speculative Buy (Upgrades)
Target Price: CAD 1
Average Target Price: CAD 3.25
Analyst Rating: Strong Buy
Stock Target Advisor Analysis Date: 10/27/2023
Sernova Corp, a biotechnology company, has witnessed an upgrade from Speculative Buy to Strong Buy by STA Research. This indicates growing confidence in the company’s prospects within the biotech sector.
Trisura Group Ltd (TSU:CA)
Analyst: TD Securities
Analyst Grade: N/A
Industry: Insurance – Specialty
Rating Action: Buy
Target Price: CAD 57
Average Target Price: CAD 51.52
Analyst Rating: Strong Buy
Stock Target Advisor Analysis Date: 10/27/2023
Trisura Group Ltd, operating in the Insurance – Specialty sector, has received a Strong Buy rating from TD Securities. This reflects a bullish sentiment within the insurance industry, suggesting favorable conditions for the company.
Waste Connections Inc (WCN:CA)
Analyst: Scotia Capital
Analyst Grade: B
Industry: Waste Management
Rating Action: Sector Perform (Target Down)
Target Price: CAD 195
Average Target Price: CAD 175.00
Analyst Rating: Buy
Stock Target Advisor Analysis Date: 10/27/2023
Waste Connections Inc, a prominent player in the Waste Management sector, has received a Sector Perform rating from Scotia Capital, along with a target price reduction. This suggests a balanced perspective on the company’s potential within the waste management industry.
West Fraser Timber Co (WFG:CA)
Analyst: Morningstar
Analyst Grade: N/A
Industry: Lumber & Wood Production
Rating Action: Buy
Target Price: CAD 123
Average Target Price: CAD 126.96
Analyst Rating: Strong Buy
Stock Target Advisor Analysis Date: 10/27/2023
West Fraser Timber Co, operating in the Lumber & Wood Production sector, has received a Strong Buy rating from Morningstar, indicating optimism in the company’s ability to thrive in the lumber and wood production market.
