Analyst Ratings (Canada)
Today’s analyst outlook for September the 4th, is very bullish in mining and materials, with most target-price revisions moving higher. Copper and diversified miners showed particularly strong momentum, while gold exposure remained positive despite one target reduction. Consumer discretionary also improved, with a significant target increase reflecting stronger expectations. Energy infrastructure was mixed but broadly constructive as most analysts raised targets, although the range of valuations was wide. Technology and software remained firmly positive, with higher targets supporting continued confidence in the sector. Overall, the updates point to a bullish commodity-driven backdrop, particularly for copper and mining, combined with selective optimism in consumer and technology stocks.
15 Analyst Updates
Agnico Eagle Mines Ltd. (AEM:CA): Raymond James lowered its target price to $310 from $317 while maintaining an Outperform rating.
B2Gold Corp. (BTO:CA): Raymond James raised its target price to $11 from $10 while maintaining an Outperform rating.
Bombardier Inc. (BBD-B:CA): CIBC maintained a Neutral rating with a $365.00 target price.
BRP Inc. (DOO:CA): National Bank raised its target price to $112 from $98 while maintaining an Outperform rating.
Capstone Copper Corp. (CS:CA): Raymond James raised its target price to $19 from $18.50 while maintaining an Outperform rating.
Descartes Systems Group Inc. (DSG:CA): RBC Capital Markets maintained an Outperform rating with a $172.00 target price.
First Quantum Minerals Ltd. (FM:CA): Raymond James raised its target price to $47 from $45 while maintaining a Market Perform rating.
Hudbay Minerals Inc. (HBM:CA): Raymond James raised its target price to $42 from $41 while maintaining an Outperform rating.
IAMGOLD Corp. (IMG:CA): Raymond James raised its target price to $29 from $27.50 while maintaining a Market Perform rating.
Keyera Corp. (KEY:CA): TD Securities lowered its target price to $67 from $70 while maintaining a Buy rating.
Keyera Corp. (KEY:CA): Citigroup raised its target price to $106 from $102 while maintaining a Buy rating.
Keyera Corp. (KEY:CA): Stifel Nicolaus raised its target price to $90 from $85 while maintaining a Hold rating.
Keyera Corp. (KEY:CA): Desjardins Securities raised its target price to $112 from $103 while maintaining a Buy rating.
Keyera Corp. (KEY:CA): Scotiabank raised its target price to $92 from $88 while maintaining a Sector Perform rating.
Keyera Corp. (KEY:CA): BMO Capital Markets raised its target price to $64 from $65 while maintaining an Outperform rating.
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