Analyst Ratings (Canada)
Analyst sentiment today remained positive across most sectors, with energy and commodities receiving strong support as firms raised targets on companies benefiting from stronger oil prices, improved cash flow generation, and favourable supply-demand dynamics. Mining and precious metals remained constructive, supported by elevated gold prices and continued demand for critical minerals, although some target adjustments reflected valuation considerations. Technology showed a mixed but generally positive outlook, with artificial intelligence, cloud computing, and software demand supporting companies such as CGI, while some large-cap technology names faced more cautious valuation expectations. Financials and insurance maintained a favourable outlook, with analysts highlighting strong balance sheets, stable earnings, and attractive long-term growth prospects. Industrials and infrastructure continued to benefit from capital investment trends, with companies like Toromont and Canadian Pacific Kansas City receiving multiple target increases. Real estate and consumer sectors remained more selective, reflecting ongoing interest rate sensitivity and uneven demand trends. Overall, analysts favoured companies with strong cash flows, resilient earnings, and exposure to long-term structural growth themes.
150 Analyst Updates
AbraSilver Resource Corp. (ABRA:CA) — National Bank raised the price target to C$22.00 from C$21.00 and maintained the Outperform rating.
AbraSilver Resource Corp. (ABRA:CA) — Scotiabank maintained the Outperform rating and revised the C$21.00 price target.
Agnico Eagle Mines Limited (AEM:CA) — CIBC World Markets maintained the Outperform rating and revised the C$399.00 price target.
Agnico Eagle Mines Limited (AEM:CA) — Scotiabank maintained the Outperform rating and maintained the C$364.00 price target.
Alamos Gold Inc. (AGI:CA) — CIBC World Markets lowered the price target to C$75.00 from C$82.00.
Alamos Gold Inc. (AGI:CA) — Scotiabank maintained the Sector Outperform rating and revised the C$80.00 price target.
Allied Gold Corp. (AAUC:CA) — ATB Capital Markets lowered the price target to C$35.00 from C$44.00 while maintaining the Outperform rating.
Allied Gold Corp. (AAUC:CA) — CIBC World Markets lowered the price target to C$39.00 from C$44.00 while maintaining the Outperformer rating.
Allied Gold Corp. (AAUC:CA) — National Bank lowered the price target to C$29.00 from C$44.00 while maintaining the Sector Perform rating.
Allied Gold Corp. (AAUC:CA) — Stifel Nicolaus raised the price target to C$56.00 from C$44.00 and maintained the Buy rating.
Allied Properties REIT (AP.UN:CA) — TD Securities maintained the Hold rating and revised the C$10.00 price target.
Allied Properties REIT (AP.UN:CA) — Scotiabank maintained the Sector Perform rating and revised the C$10.50 price target from C$10.75.
Altagas Ltd. (ALA:CA) — CIBC World Markets maintained the Outperform rating and revised the C$59.00 price target.
Atco Ltd. (ACO.X:CA) — CIBC World Markets raised the price target to C$88.00 from C$85.00.
Atco Ltd. (ACO.X:CA) — BMO Capital Markets raised the price target to C$85.00 from C$72.00 and maintained the Outperform rating.
Atco Ltd. (ACO.X:CA) — RBC Capital Markets raised the price target to C$80.00 from C$71.00 while maintaining the Sector Perform rating.
Atco Ltd. (ACO.X:CA) — TD Securities raised the price target to C$76.00 from C$69.00 while maintaining the Hold rating.
Atco Ltd. (ACO.X:CA) — Scotiabank raised the price target to C$81.00 from C$79.00.
Athabasca Oil Corp. (ATH:CA) — TD Securities maintained the Hold rating and revised the C$11.00 price target.
Athabasca Oil Corp. (ATH:CA) — Scotiabank maintained the Sector Perform rating and revised the C$11.00 price target.
Boardwalk REIT (BEI.UN:CA) — National Bank raised the price target to C$81.00 from C$79.00 and maintained the Outperform rating.
Boardwalk REIT (BEI.UN:CA) — RBC Capital Markets raised the price target to C$84.00 from C$81.00 and maintained the Outperform rating.
Boardwalk REIT (BEI.UN:CA) — TD Securities maintained the Buy rating and revised the C$82.00 price target.
Boardwalk REIT (BEI.UN:CA) — Scotiabank maintained the Sector Perform rating and revised the C$74.00 price target from C$74.50.
Bombardier Inc. (BBD-B:CA) — CIBC World Markets maintained the Neutral rating and revised the C$365.00 price target.
Brookfield Infrastructure Partners (BIP-UN:CA) — CIBC World Markets maintained the Outperform rating and revised the C$63.00 price target.
Canada Packers Inc. (CPKR:CA) — TD Securities maintained the Buy rating and revised the C$24.00 price target.
Canadian Pacific Kansas City (CP:CA) — JP Morgan raised the price target to C$153.00 from C$135.00.
Canadian Pacific Kansas City (CP:CA) — Scotiabank maintained the Outperform rating and revised the C$143.00 price target.
Canadian Pacific Kansas City (CP:CA) — ATB Capital Markets raised the price target to C$143.00 from C$137.00 and maintained the Outperform rating.
Canadian Pacific Kansas City (CP:CA) — BMO Capital Markets raised the price target to C$145.00 from C$142.00 and maintained the Outperform rating.
Canadian Pacific Kansas City (CP:CA) — Desjardins Securities raised the price target to C$143.00 from C$141.00 and maintained the Buy rating.
Canadian Pacific Kansas City (CP:CA) — National Bank raised the price target to C$140.00 from C$132.00 and maintained the Outperform rating.
Canadian Pacific Kansas City (CP:CA) — Raymond James raised the price target to C$144.00 from C$140.00 and maintained the Outperform rating.
Canadian Pacific Kansas City (CP:CA) — RBC Capital Markets raised the price target to C$145.00 from C$139.00 and maintained the Outperform rating.
Canadian Pacific Kansas City (CP:CA) — TD Securities raised the price target to C$134.00 from C$128.00 while maintaining the Hold rating.
Canadian Utilities Limited (CU:CA) — Scotiabank raised the price target to C$54.00 from C$53.00.
Canadian Utilities Limited (CU:CA) — CIBC World Markets raised the price target to C$55.00 from C$53.00.
Canadian Utilities Limited (CU:CA) — BMO Capital Markets raised the price target to C$55.00 from C$50.00 while maintaining the Market Perform rating.
Canadian Utilities Limited (CU:CA) — National Bank raised the price target to C$55.00 from C$51.00 while maintaining the Sector Perform rating.
Canadian Utilities Limited (CU:CA) — RBC Capital Markets raised the price target to C$58.00 from C$50.00 while maintaining the Sector Perform rating.
Canadian Utilities Limited (CU:CA) — TD Securities raised the price target to C$52.00 from C$48.00 while maintaining the Hold rating.
Canfor Corporation (CFP:CA) — CIBC World Markets maintained the Neutral rating and revised the C$15.00 price target.
Capital Power Corp. (CPX:CA) — CIBC World Markets lowered the price target to C$83.00 from C$85.00.
Capital Power Corp. (CPX:CA) — BMO Capital Markets cut the price target to C$81.00 from C$85.00 while maintaining the Outperform rating.
Capital Power Corp. (CPX:CA) — Scotiabank lowered the price target to C$79.00 from C$80.00 while maintaining the Sector Outperform rating.
Capital Power Corp. (CPX:CA) — TD Securities maintained the Buy rating and revised the C$80.00 price target.
Capital Power Corp. (CPX:CA) — Scotiabank maintained the Outperform rating and cut the target to C$79.00 price target from C$80.00.
Cenovus Energy Inc. (CVE:CA) — Raymond James raised the price target to C$46.00 from C$41.00 and maintained the Outperform rating.
Cenovus Energy Inc. (CVE:CA) — RBC Capital Markets raised the price target to C$51.00 from C$47.00 and maintained the Outperform rating.
Cenovus Energy Inc. (CVE:CA) — Scotiabank raised the price target to C$51.00 from C$49.00 and maintained the Sector Outperform rating.
Cenovus Energy Inc. (CVE:CA) — TD Securities raised the price target to C$49.00 from C$46.00 and maintained the Buy rating.
Cenovus Energy Inc. (CVE:CA) — JP Morgan raised the price target to C$51.00 from C$45.00.
Centerra Gold Inc. (CG:CA) — CIBC World Markets raised the price target to C$38.00 from C$37.00.
Centerra Gold Inc. (CG:CA) — ATB Capital Markets raised the price target to C$27.00 from C$26.00 while maintaining the Sector Perform rating.
Centerra Gold Inc. (CG:CA) — Raymond James raised the price target to C$29.00 from C$28.00 while maintaining the Market Perform rating.
Centerra Gold Inc. (CG:CA) — TD Securities raised the price target to C$32.00 from C$31.00 and maintained the Buy rating.
CGI Inc. (GIB.A:CA) — CIBC World Markets raised the price target to C$108.00 from C$107.00.
CGI Inc. (GIB.A:CA) — Desjardins Securities raised the price target to C$118.00 from C$117.00 and maintained the Buy rating.
CGI Inc. (GIB.A:CA) — Stifel Nicolaus raised the price target to C$120.00 from C$110.00 and maintained the Buy rating.
CGI Inc. (GIB.A:CA) — TD Securities raised the price target to C$118.00 from C$99.00 while maintaining the Hold rating.
CGI Inc. (GIB.A:CA) — Scotiabank maintained the Sector Perform rating and the C$95.00 price target.
Champion Iron Ltd. (CIA:CA) — Scotiabank maintained the Outperform rating and revised the C$5.50 price target.
Colliers International Group Inc. (CIGI:CA) — CIBC World Markets maintained the Outperform rating with a C$182.00 price target.
Endeavour Mining PLC (EDV:CA) — Scotiabank maintained the Sector Outperform rating and revised the C$100.00 price target.
First Quantum Minerals Ltd. (FM:CA) — CIBC World Markets lowered the price target to C$41.00 from C$44.00.
First Quantum Minerals Ltd. (FM:CA) — TD Securities maintained the Buy rating and the C$47.00 price target.
First Quantum Minerals Ltd. (FM:CA) — Scotiabank maintained the Outperform rating and cut the target to C$53.00 from C$55.00.
Fortuna Mining Corp. (FVI:CA) — Scotiabank raised the price target to C$20.00 from $19.00
Freehold Royalties Ltd. (FRU:CA) — TD Securities maintained the Buy rating and the C$22.00 price target.
Freehold Royalties Ltd. (FRU:CA) — Scotiabank maintained the Sector Perform rating and the C$18.00 price target.
Gibson Energy Inc. (GEI:CA) — JP Morgan raised the price target to C$30.00 from C$29.00.
Great-West Lifeco Inc. (GWO:CA) — CIBC World Markets raised the price target to C$97.00 from C$95.00.
Great-West Lifeco Inc. (GWO:CA) — BMO Capital Markets raised the price target to C$92.00 from C$90.00 while maintaining the Market Perform rating.
Great-West Lifeco Inc. (GWO:CA) — Desjardins Securities raised the price target to C$95.00 from C$93.00.
Great-West Lifeco Inc. (GWO:CA) — RBC Capital Markets raised the price target to C$91.00 from C$77.00 while maintaining the Sector Perform rating.
Great-West Lifeco Inc. (GWO:CA) — Scotiabank raised the price target to C$100.00 from C$95.00 and maintained the Sector Outperform rating.
Hudbay Minerals Inc. (HBM:CA) — ATB Capital Markets cutthe price target to C$35.00 from C$35.50 while maintaining the Outperform rating.
Hudbay Minerals Inc. (HBM:CA) — BMO Capital Markets cut the price target to C$44.00 from C$46.00 while maintaining the Outperform rating.
Hudbay Minerals Inc. (HBM:CA) — Canaccord Genuity cut the price target to C$39.50 from C$40.00 and maintained the Buy rating.
Hudbay Minerals Inc. (HBM:CA) — Scotiabank cut the price target to C$43.00 from C$44.00 while maintaining the Sector Outperform rating.
Hudbay Minerals Inc. (HBM:CA) — TD Securities maintained the Buy rating and the C$43.00 price target.
IGM Financial Inc. (IGM:CA) — National Bank raised the price target to C$92.00 from C$91.00 and maintained the Outperform rating.
IGM Financial Inc. (IGM:CA) — Scotiabank raised the price target to C$87.00 from C$84.00 while maintaining the Sector Perform rating.
IGM Financial Inc. (IGM:CA) — TD Securities raised the price target to C$94.00 from C$92.00 and maintained the Buy rating.
Intact Financial Corp. (IFC:CA) — CIBC World Markets cut the price target to C$311.00 from C$314.00.
Intact Financial Corp. (IFC:CA) — RBC Capital Markets raised the price target to C$308.00 from C$299.00 while maintaining the Sector Perform rating.
Intact Financial Corp. (IFC:CA) — Scotiabank lowered the price target to C$325.00 from C$330.00 while maintaining the Outperform rating.
Ivanhoe Mines Ltd. (IVN:CA) — Scotiabank maintained the Sector Perform rating and the C$13.50 price target.
Kinross Gold Corporation (KGC:US) — Scotiabank maintained the Outperform rating andthe C$57.00 price target.
Lightspeed Commerce Inc. (LSPD:CA) — CIBC World Markets maintained the Outperform rating and the C$25.00 price target.
Methanex Corp. (MX:CA) — Scotiabank maintained the Outperform rating and C$112.00 price target.
Montage Gold Corp. (MAU:CA) — Scotiabank maintained the Outperform rating and the C$19.00 price target.
Precision Drilling Corp. (PD:CA) — CIBC World Markets raised the price target to C$155.00 from C$160.00.
Precision Drilling Corp. (PD:CA) — ATB Capital Markets cut the price target to C$160.00 from C$165.00 while maintaining the Outperform rating.
Precision Drilling Corp. (PD:CA) — TD Securities lowered the price target to C$116.00 from C$124.00 while maintaining the Hold rating.
Premium Brands Holding Corp. (PBH:CA) — TD Securities maintained the Buy rating and the C$140.00 price target.
Primaris REIT (PMZ.UN:CA) — Scotiabank maintained the Sector Perform rating and the C$22.00 price target.
Rio2 Ltd. (RIO:CA) — Stifel Nicolaus raised the price target to C$6.10 and maintained the Buy rating.
Rockpoint Gas Storage Inc. (RGSI:CA) — Desjardins Securities raised the price target to C$33.00 and maintained the Buy rating.
Saputo Inc. (SAP:CA) — TD Securities maintained the Buy rating and the C$51.00 price target.
Secure Waste Infrastructure Corp. (SES:CA) — Scotiabank maintained the Sector Perform rating and the C$24.75 price target.
Spartan Delta Corp. (SDE:CA) — TD Securities raised the price target to C$17.00 from C$16.00 and maintained the Buy rating.
Spartan Delta Corp. (SDE:CA) — CIBC World Markets raised the price target to C$17.00 from C$16.00 and maintained the Outperform rating.
Spartan Delta Corp. (SDE:CA) — Scotiabank maintained the Outperform rating and the C$15.50 price target.
Spin Master Corp. (TOY:CA) — CIBC World Markets maintained the Neutral rating and the C$22.00 price target.
TC Energy Corporation (TRP:CA) — CIBC World Markets maintained the Outperform rating and the C$103.00 price target.
Tenaz Energy Corp. (TNZ:CA) — BMO Capital Markets raised the price target to C$70.00 and maintained the Outperform rating.
Timbercreek Financial Corp. (TF:CA) — Canaccord Genuity cut the price target to C$6.25 from C$6.75 while maintaining the Hold rating.
Timbercreek Financial Corp. (TF:CA) — National Bank cut the price target to C$6.50 from C$7.00 while maintaining the Sector Perform rating.
Timbercreek Financial Corp. (TF:CA) — Raymond James cut the price target to C$7.25 from C$7.50 while maintaining the Outperform rating.
Toromont Industries Ltd. (TIH:CA) — CIBC World Markets raised the price target to C$242.00 from C$240.00.
Toromont Industries Ltd. (TIH:CA) — BMO Capital Markets raised the price target to C$248.00 from C$247.00 and maintained the Outperform rating.
Toromont Industries Ltd. (TIH:CA) — Canaccord Genuity raised the price target to C$260.00 from C$240.00 and maintained the Buy rating.
Toromont Industries Ltd. (TIH:CA) — National Bank raised the price target to C$261.00 from C$259.00 and maintained the Outperform rating.
Toromont Industries Ltd. (TIH:CA) — Raymond James raised the price target to C$250.00 from C$235.00 and maintained the Outperform rating.
Toromont Industries Ltd. (TIH:CA) — RBC Capital Markets raised the price target to C$265.00 from C$256.00 and maintained the Outperform rating.
Toromont Industries Ltd. (TIH:CA) — Scotiabank raised the price target to C$239.00 from C$238.00 and maintained the Outperform rating.
Toromont Industries Ltd. (TIH:CA) — TD Securities raised the price target to C$264.00 from C$260.00 and maintained the Buy rating.
Toromont Industries Ltd. (TIH:CA) — Scotiabank upgraded the rating to Outperform and raised the target to C$239.00 from C$238.00.
Tourmaline Oil Corp. (TOU:CA) — Scotiabank maintained the Sector Outperform rating and revised the C$76.00 price target.
Trican Well Service Ltd. (TCW:CA) — Raymond James cut the price target to C$6.75 from C$7.50 while maintaining the Market Perform rating.
Trican Well Service Ltd. (TCW:CA) — TD Securities raised the price target to C$7.50 and maintained the Buy rating.
Trican Well Service Ltd. (TCW:CA) — TD Securities upgraded the rating to Buy from Hold and the C$7.50 price target.
Vermilion Energy Inc. (VET:CA) — Scotiabank maintained the Sector Perform rating and the C$17.00 price target.
West Fraser Timber Co. Ltd. (WFG:CA) — Scotiabank maintained the Sector Outperform rating and the C$126 price target.
Whitecap Resources Inc. (WCP:CA) — Scotiabank maintained the Sector Outperform rating and the C$19.00 price target.
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