Canadian Ratings Analysis
Daily Analyst Ratings Update: Canadian Stocks (December 19, 2024)
In Canadian markets today, 56 ratings were tracked which covered a diverse range of Canadian stocks rated by leading analysts today.
The updated coverage span across multiple industries including gold mining, airlines, utilities, and energy.
Below is a detailed breakdown of the most notable changes.
Gold Sector
Barrick Gold Corp (ABX:CA)
RBC: Upgraded target price from CAD 21 to CAD 30.40 (+35.85%).
Stock Outlook: Strong Buy (Slightly Bullish).
Analysis: RBC’s target suggests optimism about gold prices or operational efficiency.
Agnico Eagle Mines Ltd (AEM:CA)
RBC: Target price revised to CAD 97 (-8.22%).
Stock Outlook: Buy (Slightly Bullish).
Analysis: Price dip may reflect near-term headwinds in gold pricing.
Franco-Nevada Corp (FNV:CA)
RBC: Hold rating with target adjusted to CAD 145 (-17.47%).
Stock Outlook: Buy (Slightly Bearish).
Analysis: While the target is conservative, underlying fundamentals remain stable.
OceanaGold Corp (OGC:CA)
Scotia Capital: Maintains Outperform with target CAD 6 (+36.24%).
Stock Outlook: Strong Buy (Slightly Bullish).
Analysis: Potential upside driven by improved production or exploration success.
Aviation Sector
Air Canada (AC:CA)
CIBC: Maintains Outperform with a target of CAD 28 (+15.56%).
RBC: Downgraded to Hold with target CAD 23 (-15.56%).
Stock Outlook: Strong Buy (Slightly Bullish).
Analysis: Divergence in ratings reflects uncertainty regarding demand recovery and cost pressures.
Utilities
ATCO Ltd (ACO-X:CA)
RBC: Hold with target CAD 51 (+4.25%).
Stock Outlook: Hold (Slightly Bearish).
Capital Power Corp (CPX:CA)
RBC: Hold, target CAD 68 (-14.24%).
Stock Outlook: Buy (Bullish).
Fortis Inc (FTS:CA)
RBC: Hold, target CAD 65 (+2.01%).
Stock Outlook: Hold (Bearish).
Analysis: These updates reflect cautious sentiment in the utilities sector, likely due to interest rate pressures.
Oil & Gas Sector
TC Energy Corp (TRP:CA)
RBC: Maintains Buy, target CAD 71 (-0.74%).
Stock Outlook: Buy (Slightly Bearish)
Paramount Resources (POU:CA)
CIBC: Outperform, target CAD 38.5 (+26.87%).
Jefferies: Buy, target CAD 35 (-26.87%).
Analysis: Upgrades in this sector highlight optimism in operational efficiencies and commodity pricing.
Retail Sector
Dollarama Inc (DOL:CA)
Morningstar: Underperform, target CAD 106 (+2.95%).
Stock Outlook: Buy (Very Bullish).
Industrial Sector
GFL Environmental (GFL:CA)
CIBC: Outperform with target CAD 76 (-2.30%).
Stock Outlook: Strong Buy (Neutral).
Vizsla Silver Corp (VZLA:CA)
STA Research: Speculative Buy with target CAD 3 (+62.37%).
Stock Outlook: Strong Buy (Slightly Bearish).
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.
