Canadian Analyst Coverage Update: July 8th

First Quantum Minerals Ltd. (FM:CA) Morgan Stanley Believes Stock is at Fair Vaue

Analyst Ratings (Canada)

5N Plus Inc. (VNP:CA) had its target raised to C$11.25 by Scotia Capital, with an Outperform rating.

ATS Corporation (ATS:CA) had its target lowered to C$49 by TD Securities, while maintaining a Buy rating.

ATS Corporation (ATS:CA) had its target lowered to C$49 by Scotia Capital, with a Buy rating.

Aya Gold & Silver Inc. (AYA:CA) was maintained as Outperform by Scotia Capital with a target of C$18.50.

Blue Lagoon Resources (BLLG:CA) was initiated at Buy by Scotia Capital with a target of C$1.11.

Bombardier Inc. (BBD-B:CA) had its target raised to C$167 by Scotia Capital, with an Outperform rating.

Cameco Corp. (CCO:CA) had its target raised to C$100 by Scotia Capital, with an Outperform rating.

Canadian National Railway Co. (CNR:CA) had its target raised to C$158 by Scotia Capital, with a Sector Perform rating.

Canadian Pacific Kansas City Ltd. (CP:CA) had its target raised to C$120 by Scotia Capital, with a Market Perform rating.

Canadian Tire Corp. Ltd. (CTC-A:CA) had its target raised to C$191 by Scotia Capital, with an Outperform rating.

Capstone Copper Corp (CS:CA) was maintained as Buy at TD Securities with a target of C$8.

Cargojet Inc. (CJT:CA) had its target lowered to C$142 by Scotia Capital, with an Outperform rating.

Champion Iron Ltd. (CIA:CA) had its target lowered to C$5 by Scotia Capital, with an Outperform rating.

Cogeco Communications Inc. (CCA:CA) had its target lowered to C$75 by Scotia Capital, with a Sector Perform rating.

Dri Healthcare Trust (DHT.U:CA) had its target raised to C$21 by Scotia Capital.

Dundee Precious Metals (DPM:CA) was maintained as Buy by TD Securities with a target of C$25.

Dundee Precious Metals Inc. (DPM:CA) was maintained as Outperform by Scotia Capital with a target of C$23.

Endeavour Silver Corp. (EDV:CA) was maintained as Buy at TD Securities with a target of C$7.

Equinox Gold Corp. (EQX:CA) was maintained as Hold by TD Securities with a target of C$11.

Ero Copper Corp. (ERO:CA) had its target lowered to C$25 by Scotia Capital, with an Outperform rating.

First Quantum Minerals Ltd. (FM:CA) had its target raised to C$26 by Scotia Capital, with a Sector Perform rating.

G Mining Ventures (GMIN:CA) was maintained as Buy by TD Securities with a target of C$25.

Great-West Lifeco Inc. (GWO:CA) was upgraded to Equal-Weight by Scotia Capital with a target of C$56.

Groupe Dynamite (GRGD:CA) had its target raised to C$32 by Scotia Capital, with a Buy rating.

Groupe Dynamite Inc. (GRGD:CA) had its target raised to C$32 by TD Securities, with a maintained Buy rating.

Ivanhoe Mines Ltd. (IVN:CA) was maintained as Buy at TD Securities with a target of C$13.

K92 Mining Inc. (KNT:CA) was maintained as Buy by TD Securities with a target price of C$18.

Kraken Robotics Inc. (PNG:CA) had its target raised to C$4 by Scotia Capital, with an Outperform rating.

Labrador Iron Ore Royalty Corp. (LIF:CA) had its target lowered to C$29 by Scotia Capital, with a Sector Perform rating.

Manulife Financial Corp. (MFC:CA) had its target raised to C$46 by Scotia Capital, with an Equal-Weight rating.

Mullen Group Ltd. (MTL:CA) was downgraded to Neutral by Scotia Capital with a target of C$15.

Quebecor Inc. (QBR-B:CA) had its target raised to C$45 by Scotia Capital, with an Outperform rating.

Rogers Communications Inc. (RCI-B:CA) had its target raised to C$55 by Scotia Capital, with an Outperform rating.

StorageVault Canada Inc. (SVI:CA) was maintained as Outperform by Scotia Capital with a target of C$5.

Sun Life Financial Inc. (SLF:CA) had its target lowered to C$82 by Scotia Capital, with an Underperform rating.

TFI International Inc. (TFII:CA) had its target lowered to C$150 by Scotia Capital, with an Outperform rating.

Vitalhub Corp. (VHI:CA) had its target raised to C$15 by TD Securities, with a maintained Buy rating.

Vitalhub Corp. (VHI:CA) had its target raised to C$15 by Scotia Capital, with a Buy rating.

Well Health Technologies Corp. (WELL:CA) was maintained as Buy by TD Securities with a target of C$7.50.

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