Analyst Ratings (Canada)
Canadian analyst sentiment for October 16th reflects a cautious but selective outlook, with precious metals and gold mining facing widespread price target reductions despite generally positive longer-term ratings. Copper and base metals received more favourable revisions, suggesting continued confidence in infrastructure investment and industrial demand, while financial services and insurance experienced modest target reductions amid valuation and earnings concerns. Technology remained relatively resilient, supported by expectations for sustained growth, whereas consumer discretionary and food-related businesses faced a more mixed outlook as inflation, higher energy costs, and weakening consumer spending weighed on expectations.
Updates (50)
Agnico Eagle Mines Ltd. (AEM:CA) — CIBC maintained its Outperform rating and lowered its price target to $338 from $403.
AGT Food and Ingredients Inc. (AGTF:CA) — National Bank maintained its Outperform rating and raised its price target to $28.50 from $26.00.
Alamos Gold Inc. (AGI:CA) — CIBC maintained its Outperform rating and lowered its price target to $69.00 from $75.00.
Allied Gold Corporation (AAUC:CA) — CIBC maintained its Outperform rating and raised its price target to $40.00 from $39.00.
Aritzia Inc. (ATZ:CA) — Scotiabank maintained its Outperform rating with a $175.00 price target.
Aya Gold & Silver Inc. (AYA:CA) — CIBC maintained its Outperform rating and raised its price target to $55.00 from $48.00.
Barrick Mining Corporation (B:CA) — CIBC downgraded its rating to Neutral from Outperform and lowered its price target to $69.00 from $80.75.
Capstone Copper Corp. (CS:CA) — CIBC maintained its Neutral rating and lowered its price target to $16.00 from $17.00.
Centerra Gold Inc. (CG:CA) — CIBC maintained its Outperformerating and raised its price target to $40.00 from $38.00.
Coeur Mining Inc. (CDE:CA) — CIBC maintained its Outperform rating and lowered its price target to $42.50 from $49.50.
Constellation Energy Corporation (CEGS:CA) — CIBC maintained its Outperform rating with a $507.00 price target.
Definity Financial Corp. (DFY:CA) — CIBC maintained its Neutral rating with an $86.00 price target.
Definity Financial Corp. (DFY:CA) — Raymond James maintained its Market Perform rating and lowered its price target to $84.00 from $85.00.
Discovery Silver Corp. (DSV:CA) — CIBC maintained its Outperform rating and raised its price target to $16.00 from $15.00.
Element Fleet Management Corp. (EFN:CA) — TD Securities maintained its Buy rating with a $38.00 price target.
Endeavour Mining plc (EDV:CA) — CIBC maintained its Outperform rating and lowered its price target to $98.00 from $110.00.
Endeavour Silver Corp. (EDR:CA) — CIBC maintained its Neutral rating and lowered its price target to $18.00 from $20.00.
Equinox Gold Corp. (EQX:CA) — CIBC maintained its Outperform rating and lowered its price target to $19.50 from $22.00.
Equity Metals Corporation (EQTY:CA) — Fundamental Research assigned a Buy rating with a $0.51 price target.
Ero Copper Corp. (ERO:CA) — CIBC maintained its Neutral rating and raised its price target to $62.00 from $56.00.
Fairfax Financial Holdings Ltd. (FFH:CA) — Scotiabank maintained its Outperforme rating with a $2,950.00 price target.
Fairfax Financial Holdings Ltd. (FFH:CA) — Raymond James maintained its Outperform rating and lowered its price target to $2,900.00 from $3,000.00.
Fiera Capital Corp. (FSZ:CA) — RBC Capital maintained its Sector Perform rating and lowered its price target to $3.25 from $4.70.
First Quantum Minerals Ltd. (FM:CA) — CIBC maintained its Neutral rating and raised its price target to $47.00 from $41.00.
G Mining Ventures Corp. (GMIN:CA) — CIBC maintained its Outperform rating and raised its price target to $60.00 from $57.00.
Groupe Dynamite Inc. (GRGD:CA) — Scotiabank maintained its Outperform rating with a $75.00 price target.
Highlander Silver Corp. (HSLV:CA) — CIBC maintained its Outperform rating and raised its price target to $13.00 from $12.00.
IAMGOLD Corporation (IMG:CA) — CIBC maintained its Outperform rating and lowered its price target to $35.40 from $48.15.
Intact Financial Corp. (IFC:CA) — Raymond James maintained its Outperform rating and lowered its price target to $305.00 from $335.00.
Kinross Gold Corporation (K:CA) — CIBC maintained its Outperform rating and lowered its price target to $48.15 from $70.81.
Lithium Americas Corp. (LMCU:CA) — CIBC maintained its Outperform rating and lowered its price target to $14.00 from $18.00.
Lumine Group Inc. (LMN:CA) — TD Securities maintained its Buy rating with a $42.00 price target.
Lundin Gold Inc. (LUG:CA) — CIBC maintained its Neutral rating and lowered its price target to $102.00 from $131.00.
Lundin Mining Corporation (LUN:CA) — CIBC maintained its Neutral rating and raised its price target to $41.00 from $39.00.
Maple Leaf Foods Inc. (MFI:CA) — CIBC maintained its Outperform rating and lowered its price target to $32.00 from $36.00.
Meridian Mining plc (MNO:CA) — CIBC maintained its Outperform rating and raised its price target to $4.00 from $3.25.
Methanex Corp. (MX:CA) — National Bank maintained its Outperform rating and raised its price target to $112.00 from $99.00.
Monument Mining Limited (MMY:CA) — Fundamental Research assigned a Buy rating with a $1.94 price target.
Nine Mile Metals Ltd. (NINE:CA) — Fundamental Research assigned a Buy rating with a $0.37 price target.
OceanaGold Corporation (OGC:CA) — CIBC maintained its Outperformerating and lowered its price target to $60.00 from $72.00.
OR-Royalties Inc. (OR:CA) — CIBC maintained its Outperform rating and lowered its price target to $70.00 from $85.00.
Pan American Silver Corp. (PAAS:CA) — CIBC maintained its Outperformer rating and lowered its price target to $113.29 from $133.11.
Premium Brands Holdings Corp. (PBH:CA) — CIBC maintained its Outperform rating and lowered its price target to $94.00 from $100.00.
Shopify Inc. (SHOP:CA) — RBC Capital maintained its Outperform rating and raised its price target to $283.00 from $254.00.
Skeena Resources Ltd. (SKE:CA) — CIBC maintained its Outperform rating and lowered its price target to $58.00 from $60.00.
Teck Resources Ltd. (TECK.B:CA) — CIBC maintained its Tender rating and raised its price target to $96.00 from $85.00.
Torex Gold Resources Inc. (TXG:CA) — CIBC maintained its Outperform rating and raised its price target to $95.00 from $90.00.
Triple Flag Precious Metals Corp. (TFPM:CA) — CIBC maintained its Outperform rating and lowered its price target to $66.00 from $74.00.
Trisura Group Ltd. (TSU:CA) — Raymond James maintained its Outperform rating and lowered its price target to $57.50 from $58.50.
Vizsla Silver Corp. (VZLA:CA) — CIBC maintained its Neutral rating and lowered its price target to $6.50 from $7.00.
Wesdome Gold Mines Ltd. (WDO:CA) — CIBC maintained its Outperform rating and raised its price target to $36.00 from $35.00.
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