Analyst Ratings (Canada)
The following are today’s 82 latest analyst ratings tracked from multiple analysts for Canadian listed and traded stocks for Tuesday December 2nd, 2025:
Aecon Group Inc. (ARE:CA)
Canaccord Genuity reiterated its Buy rating with a $40.00 target price, reflecting ongoing confidence in Aecon’s exposure to long-term Canadian infrastructure spending.
Agnico Eagle (AEM:CA)
UBS maintained a Hold rating with a $190.00 target, reflecting much of its strong production profile.
Allied Properties REIT (AP-UN:CA)
National Bank lowered its target to $13.00 and rated the REIT Sector Perform, reflecting ongoing office-market softness.
CIBC trimmed its target to $14.00 with a Neutral view as leasing fundamentals remain challenged.
Raymond James moved its target to $14.00 and kept the Market Perform, noting limited near-term catalysts.
Scotiabank maintained the Sector Perform with an $18.00 target, reflecting persistent office-vacancy pressure, elevated refinancing costs, and a slow recovery in downtown cores as reasons for continued caution.
AltaGas Ltd. (ALA:CA)
CIBC maintained Outperform with a $47.00 target, while TD Securities reaffirmed Buy with a $48.00 target, reflecting stable cash flows and improving natural-gas dynamics continue to support upside.
Amex Exploration (AMX:CA)
Canaccord Genuity restated its Buy rating with a $3.75 target, reflecting supportive drill results and ongoing exploration success.
Anaergia (ANRG:CA)
Paradigm Research reiterated Buy with a $4.75 target. reflecting long-term value given rising global demand for renewable natural gas.
Aurora Cannabis (ACB:CA)
TD Securities maintained Buy with a $10.00 target, reflecting Aurora’s restructuring progress, improving cost discipline, and narrowing losses.
Bank of Nova Scotia (BNS:CA)
Canaccord Genuity maintained Buy at $98.00, reflecting reasonable valuation.
CIBC reaffirmed Neutral at $100.00, pointing to credit-cycle uncertainty.
TD Securities kept Buy at $99.00, noting stable capital levels.
Barrick Mining (ABX:CA)
UBS reiterated Buy at $47.00.
CIBC maintained Outperform with a $70.00 target.
Stifel Nicolaus kept Buy with a $65.00 target.
Canaccord Genuity reaffirmed Buy at $70.00.
Scotiabank maintained Outperform at $60.00.
Analysts broadly cite improving production outlook, a strong project pipeline, and leverage to firming gold prices.
Bird Construction (BDT:CA)
CIBC maintained a Buy rating with a $36.00 target, noting solid execution, disciplined bidding strategies, and ongoing strength in non-residential construction activity.
Blue Moon Metals (MOON:CA)
Scotiabank maintained Outperform with a $6.00 target, reflecting attractive exploration upside and leverage to strengthening base-metal prices.
Bombardier Inc. (BBD.B:CA)
Raymond James raised its target to $263.00 while maintaining Outperform.
National Bank issued the same $263.00 target.
Analysts highlight robust demand for business jets, strong pricing power, and improving free cash flow.
Brookfield Infrastructure (BIPC:CA)
Morgan Stanley maintained Hold with a $53.00 target, reflecting long-term contracted cash flows, seen as constrained by higher interest rates and financing costs.
Cardiol Therapeutics (CRDL:CA)
H.C. Wainwright reaffirmed Buy with a $9.00 target, supported by progress in clinical programs and the potential for new cardiovascular therapies.
Celestica (CLS:CA)
Goldman Sachs reiterated Buy with a $440.00 target, reflecting strong growth in high-performance computing, aerospace, and industrial markets.
Cerrado Gold (CERT:CA)
H.C. Wainwright maintained Buy with a $2.20 target, reflecting continued development progress and exploration results support the company’s valuation.
CES Energy Solutions (CEU:CA)
ATB Capital raised its target to $14.00 and kept Outperform, reflecting strong demand for energy services and healthy free-cash-flow generation.
Choice Properties REIT (CHP-UN:CA)
Scotiabank maintained Outperform with a $16.00 target, reflecting retail remaining resilient, providing defensive cash flow.
Delivra Health (DHB:CA)
Fundamental Research issued a Buy with a $0.73 target based on expectations for continued growth in wellness product sales.
Docebo (DCBO:CA)
Craig-Hallum reiterated Buy with a $49.50 target, reflecting ongoing momentum in enterprise learning platforms and expanding customerThe company’s SaaS model supports predictable recurring revenue.
DPM Metals (DPM:CA)
TD Securities maintained Buy with a $40.00 target on stable production and operational improvements driving upside.
Elemental Royalties (ELE:CA)
Canaccord Genuity restated Buy with a $33.00 target, noting the quality and diversification of its royalty portfolio.
Empire Company (EMP-A:CA)
TD Securities maintained Hold with a $58.00 target, reflecting competition in food retail which remains intense, limiting upside despite steady operations.
Equinox Gold (EQX:CA)
TD Securities raised its target to $22.00, maintaining the Buy rating.
Stifel Nicolaus initiated Buy with a $24.00 target.
Analysts cite improving production ramp-up, stronger operating performance, and leverage to gold prices.
Ero Copper (ERO:CA)
Raymond James lifted its target to $40.00 and maintained the Outperform rating, driven by rising copper prices and consistent operational performance.
Franco-Nevada (FNV:CA)
UBS Securities raised its target to $270.00 while maintaining the Buy rating, pointing to resilient royalty revenues and a highly diversified portfolio.
Gibson Energy (GEI:CA)
TD Securities maintained the Hold rating at a $23.00 target.
CIBC maintained the Outperform rating with a $26.00 target.
Gildan Activewear (GIL:CA)
CIBC reiterated an Outperform rating with a $99.00 target, reflecting expected margin recovery and continued demand resilience.
Groupe Dynamite (GRGD:CA)
Canaccord Genuity maintained the Buy rating with an $82.00 target.
CIBC raised its target to $79.00 while maintaining the Outperform rating.
Highlander Silver (HSLV:CA)
Canaccord Genuity reaffirmed Buy with a $7.75 target, while CIBC maintained the Outperform rating with a $5.50 target.
Hydreight Technologies (NURS:CA)
Maxim Group maintained Buy with an $8.50 target, reflecting the company’s fast-growing mobile healthcare network.
Kidoz Inc. (KDOZ:CA)
Fundamental Research issued a Buy with a $0.70 target, supported by growing digital ad demand in child-safe media platforms.
Kinross Gold (K:CA)
UBS Securities reiterated their Buy rating with a $33.00 target, reflecting stable mine operations and strong leverage to gold prices.
Lundin Mining (LUN:CA)
Morgan Stanley raised its target to $25.80, reflecting stronger copper fundamentals and improved operational trends.
Magna Terra Minerals (MTT:CA)
Atrium Research reiterated the Buy rating with a $0.30 target, on exploration potential and early-stage discoveries offer upside.
Millennial Potash (MLP:CA)
Fundamental Research issued Buy rating with a $4.80 target, noting the strategic importance of potash projects for long-term agricultural demand.
Montage Gold (MAU:CA)
Canaccord Genuity maintained their Buy rating with a $9.00 target
Stifel Nicolaus reiterated with a Buy and a $9.25 target.
Analysts note improving project economics and resource expansion which support a constructive outlook.
NexGen Energy (NXE:CA)
Canaccord Genuity reaffirmed the Buy rating with an $18.50 target.
Stifel Nicolaus maintained Buy with a $20.00 target
Analysts state that strong uranium fundamentals and strategic project significance underpin the bullish stance.
North West Company (NWC:CA)
TD Securities maintained with a Buy rating with a $63.00 target, reflecting defensive retail operations and stable earnings.
Olympia Financial (OLY:CA)
Fundamental Research issued Buy with a $166 target, noting strong earnings momentum and recurring revenue streams.
Orla Mining (OLA:CA)
CIBC maintained Outperform with a $27.00 target reflecting strengthening production and promising exploration updates.
Pan American Silver (PAAS:CA)
CIBC maintained Outperform with an $87.00 target. reflecting improved operational execution and rising silver prices drive upside expectations.
Pecoy Copper (PCU:CA)
Canaccord Genuity initiated Speculative Buy with a $2.00 target, reflecting early-stage exploration opportunity in an improving copper market.
Seabridge Gold (SEA:CA)
B. Riley maintained Buy with a $65.00 target, relecting Seabridge’s massive resource base, which gives it long-term optionality tied closely to gold-price movements.
Skeena Resources (SKE:CA)
UBS maintained Buy with a $45.00 target, reflecting strong project fundamentals and leverage to rising gold prices.
Skyharbour Resources (SYH:CA)
Fundamental Research reiterated Buy with a $1.12 target, showing uranium-sector momentum and exploration progress support the positive stance.
South Bow Corp. (SOBO:CA)
Morgan Stanley maintained a Sell rating with a $35.00 target reflecting valuation risk and limited operational momentum.
Spanish Mountain Gold (SPA:CA)
Atrium Research reiterated Buy with a $0.40 target, reflecting long-term resource potential.
Strathcona Resources (SCR:CA)
CIBC maintained Neutral with a $35.00 target, reflecting mixed commodity-price exposure and valuation considerations drive the balanced stance.
Tanzanian Royalty Exploration (TRX:CA)
H.C. Wainwright maintained Buy with a $1.40 target, reflecting exploration-driven upside which remains the primary consideration.
Thesis Gold (TAU:CA)
Scotiabank maintained Outperform with a $3.00 target, reflecting strong drill results and resource expansion.
Torex Gold (TXG:CA)
Canaccord Genuity reaffirmed its Buy rating on Torex Gold with a target price of $89.50.
CIBC World Markets maintained its Outperform rating and set a $90.00 target price.
TD Securities reiterated its Buy rating with a $78.00 target price.
Scotiabank maintained its Outperform rating with a $72.00 target
Analysts note that the company’s strong fundamentals remain intact, but also acknowledged cost pressures and project capital requirements that warrant a slightly more measured outlook.
Transat A.T. (TRZ:CA)
TD Securities maintained Buy with a $5.50 target, reflecting ongoing recovery in leisure travel demand.
Trican Well Service (TCW:CA)
TD Securities maintained Hold with a $5.50 target reflecting steady industry activity which is offset by competitive pressure and limited margin expansion.
West High Yield Resources (WHY:CA)
Fundamental Research reiterated Buy with a $1.56 target as resource expansion potential drives the investment appeal.
Wheaton Precious Metals (WPM:CA)
UBS maintained Hold with a $118.00 target reflecting strong royalty quality remains a positive, but valuation is seen as full.
WSP Global (WSP:CA)
Desjardins Securities issued a Buy rating with a $306.00 target, reflecting a strong backlog, broad geographic diversification, and steady organic growth.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
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