{"id":69291,"date":"2025-11-22T05:36:02","date_gmt":"2025-11-22T05:36:02","guid":{"rendered":"https:\/\/www.stocktargetadvisor.com\/blog\/?p=69291"},"modified":"2025-11-22T05:36:02","modified_gmt":"2025-11-22T05:36:02","slug":"canadian-analyst-updates-nov-21-2025","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/canadian-analyst-updates-nov-21-2025\/","title":{"rendered":"Canadian Analyst Updates: Nov 21, 2025"},"content":{"rendered":"

Analyst Ratings (Canada)<\/strong><\/a><\/h2>\n

The following are today\u2019s 29 latest analyst ratings tracked from multiple analysts for Canadian listed and traded stocks for Friday November 21st, 2025:<\/p>\n

AltaGas Ltd. (ALA:CA)<\/strong><\/h3>\n

TD Securities<\/strong> maintained its Buy<\/strong> rating on AltaGas Ltd. with a $48.00<\/strong> target price, indicating continued confidence in the company\u2019s outlook.<\/p>\n

Altus Group Ltd. (AIF:CA)<\/strong><\/h3>\n

Cormark Securities<\/strong> raised its target price on Altus Group Ltd. from $61.00 to $65.00<\/strong> while reiterating a Buy<\/strong> rating, reflecting growing confidence in the company\u2019s performance prospects.<\/p>\n

BMO Capital Markets<\/strong> increased its target price on Altus Group Ltd. from $56.00 to $57.00<\/strong>, signaling a slightly more positive view of expected results.<\/p>\n

TD Securities<\/strong> maintained its Buy<\/strong> rating on Altus Group Ltd. with a target price of $67.00<\/strong>, signalling ongoing conviction in the stock\u2019s upside potential.<\/p>\n

CIBC World Markets<\/strong> raised its target price on Altus Group Ltd. from $54.00 to $62.00<\/strong> while assigning a Neutral<\/strong> rating, suggesting improved valuation expectations but a balanced risk-reward profile.<\/p>\n

Aris Mining Corp (ARIS:CA)<\/strong><\/h3>\n

BMO Capital Markets<\/strong> raised its target price on Aris Mining Corp from $19.00 to $21.50<\/strong>, indicating strengthened expectations for the company\u2019s outlook.<\/p>\n

BRP Inc. (DOO:CA)<\/strong><\/h3>\n

TD Securities<\/strong> reiterated its Buy<\/strong> rating on BRP Inc. with a $106.00<\/strong> target price, reflecting sustained optimism about the company’s growth prospects.<\/p>\n

Capstone Copper Corp. (CS:CA)<\/strong><\/h3>\n

TD Securities<\/strong> maintained its Buy<\/strong> rating on Capstone Copper Corp. with a target price of $14.00<\/strong>, signalling steady positive sentiment toward the company.<\/p>\n

Groupe Dynamite Inc. (GRGD:CA)<\/strong><\/h3>\n

Raymond James<\/strong> increased its target price on Groupe Dynamite Inc. from $55.00 to $72.00<\/strong>, indicating a significantly improved outlook for the company.<\/p>\n

Lundin Gold Inc. (LUG:CA)<\/strong><\/h3>\n

TD Securities<\/strong> reiterated a Hold<\/strong> rating on Lundin Gold Inc. with a $95.00<\/strong> target price, indicating a balanced view of expected future performance.<\/p>\n

Mattr Corp (MATR:CA)<\/strong><\/h3>\n

Stifel Nicolaus<\/strong> raised its target price on Mattr Corp from $7.00 to $8.00<\/strong>, reflecting increased confidence in the company\u2019s operational momentum.<\/p>\n

Montage Gold Corp. (MAU:CA)<\/strong><\/h3>\n

Scotiabank<\/strong> maintained its Outperform<\/strong> rating on Montage Gold Corp. with a $8.50<\/strong> target price, signalling expectations of above-average performance.<\/p>\n

\n

Nexus Industrial REIT (NXR-UN:CA)<\/strong><\/h3>\n

Scotiabank<\/strong> reiterated its Sector Perform<\/strong> rating on Nexus Industrial REIT with a $8.00<\/strong> target price, indicating expectations of in-line sector performance.<\/p>\n

Northland Power Inc. (NPI:CA)<\/strong><\/h3>\n

TD Securities<\/strong> reduced its target price from $22.00 to $19.00<\/strong> and maintained a Hold<\/strong> rating, reflecting tempered expectations for Northland Power\u2019s performance.<\/p>\n

National Bank<\/strong> cut its target price from $27.00 to $25.00<\/strong>, indicating reduced expectations for upside potential.<\/p>\n

CIBC World Markets<\/strong> decreased its target from $24.00 to $22.00<\/strong>, reflecting a softer intermediate-term outlook.<\/p>\n

BMO Capital Markets<\/strong> reduced its target price from $25.00 to $23.00<\/strong>, pointing to more conservative performance assumptions.<\/p>\n

ATB Capital<\/strong> lowered its target from $26.00 to $23.00<\/strong>, signalling diminished expectations for growth.<\/p>\n

TD Securities<\/strong> separately downgraded<\/strong> Northland Power Inc. to Hold<\/strong> while reducing its target from $22.00 to $19.00<\/strong>, indicating a more cautious stance.<\/p>\n

Scotiabank<\/strong> also reiterated a Sector Perform<\/strong> rating with a $23.00<\/strong> target, suggesting expectations of in-line performance relative to peers.<\/p>\n

Osisko Metals Incorporated (OM:CA)<\/strong><\/h3>\n

Scotiabank<\/strong> maintained its Outperform<\/strong> rating on Osisko Metals with a $1.15<\/strong> target price, indicating confidence in the company\u2019s relative upside.<\/p>\n

Real Matters Inc. (REAL:CA)<\/strong><\/h3>\n

TD Securities<\/strong> maintained its Buy<\/strong> rating on Real Matters with a $9.00<\/strong> target price, reflecting continued conviction in the company\u2019s outlook.<\/p>\n

Roots Corp. (ROOT:CA)<\/strong><\/h3>\n

TD Securities<\/strong> reiterated its Buy<\/strong> rating on Roots Corp. with a $4.00<\/strong> target price, signalling steady confidence in future performance.<\/p>\n

Surge Energy Inc. (SGY:CA)<\/strong><\/h3>\n

ATB Capital<\/strong> raised its target price on Surge Energy Inc. from $8.25 to $9.75<\/strong>, suggesting a stronger outlook for commodity prices or company execution.<\/p>\n

Tamarack Valley Energy Ltd. (TVE:CA)<\/strong><\/h3>\n

BMO Capital Markets<\/strong> increased its target price on Tamarack Valley Energy from $9.00 to $11.00<\/strong>, signalling greater optimism around the company\u2019s financial performance.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analyst Ratings (Canada) The following are today\u2019s 29 latest analyst ratings tracked from multiple analysts for Canadian listed and traded stocks for Friday November 21st,…<\/p>\n","protected":false},"author":3,"featured_media":7037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-69291","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-blog","post_format-post-format-image"],"acf":[],"yoast_head":"\nCanadian Analyst Updates: Nov 21, 2025 | Stock Target Advisor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.stocktargetadvisor.com\/blog\/canadian-analyst-updates-nov-21-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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