Analyst Ratings-Canada
Today’s Canadian analyst ratings suggest a generally cautious to mildly optimistic outlook for the Canadian stock market, reflecting a balanced approach among investment banks. The majority of coverage leans toward “Buy” or “Outperform” ratings, indicating selective confidence in certain sectors and companies, particularly in energy, mining, and technology. However, the presence of “Hold,” “Sector Perform,” and “Neutral” ratings across multiple industries—especially consumer and retail—shows that analysts are still mindful of macroeconomic risks, such as interest rate uncertainties, inflation persistence, and global demand fluctuations.
Notably, multiple companies received reiterated or updated price targets without significant changes in analyst sentiment, which further signals a wait-and-see attitude. This cautious optimism suggests that while some sectors are poised for upside potential, analysts are not yet signaling a broad bullish trend across the market. Instead, they appear to favor quality names with resilient fundamentals, focusing on companies that can perform well in both growth and defensive scenarios.
Analyst Coverage Update:
Company Name |
Symbol |
Investment Bank |
Analyst Rating |
Target Price |
|---|---|---|---|---|
| AGF Management Ltd. | AGF.B:CA | Scotiabank | Sector Perform | $14.00 |
| Agnico Eagle | AEM:CA | RBC Capital | Buy | $145.00 |
| Alimentation Couche-Tard Inc. | ATD:CA | Canaccord Genuity | Buy | $81 |
| Arizona Sonoran Copper Co. | ASCU:CA | Raymond James | Buy | $4.00 |
| Arizona Sonoran Copper Company Inc. | ASCU:CA | Scotiabank | Outperform | $3.35 |
| Aya Gold & Silver Inc. | AYA:CA | Scotiabank | Outperform | $18.50 |
| Blackberry Inc. | BB:CA | RBC Capital | Sector Perform | $5 |
| Boyd Services | BYD:CA | TD Securities | Buy | $280 |
| Cameco Corp | CCO:CA | RBC Capital | Outperform | $100 |
| Cenovus Energy Inc. | CVE:CA | TD Securities | Buy | $26 |
| Coveo Solutions Inc. | CVO:CA | TD Securities | Buy | $10 |
| Empire Co Cl A NV | EMP-A:CA | TD Cowen | Hold | $58.00 |
| Empire Company Ltd. | EMP.A:CA | Desjardins Securities | Buy | $60 |
| Empire Company Ltd. | EMP.A:CA | Scotiabank | Outperform | $62 |
| Empire Company Ltd. | EMP.A:CA | RBC Capital | Sector Perform | $61 |
| Empire Company Ltd. | EMP.A:CA | National Bank | Sector Perform | $59 |
| Empire Company Ltd. | EMP.A:CA | CIBC World Markets | — | $59 |
| Empire Company Ltd. | EMP-A:CA | TD Securities | Hold | $58 |
| Endurance Gold | EDG:CA | Atrium Research | Buy | $0.50 |
| Gran Tierra Energy | GTE:CA | Raymond James | Market Perform | $10 |
| International Petroleum Corp | IPCO:CA | Scotiabank | Sector Perform | $23 |
| K92 Mining Inc. | KNT:CA | TD Securities | Buy | $18.00 |
| Keyera Corp | KEY:CA | National Bank | Sector Perform | $45 |
| Keyera Corp. | KEY:CA | TD Securities | Buy | $51.00 |
| Keyera Corp. | KEY:CA | CIBC World Markets | Outperform | $56.00 |
| Keyera Corp. | KEY:CA | Scotiabank | Outperform | $54.00 |
| Keyera Corp. | KEY:CA | ATB Capital | Sector Perform | $48.00 |
| Keyera Corp. | KEY:CA | Raymond James | Outperform | $59.00 |
| Keyera Corp. | KEY:CA | RBC Capital | Outperform | $53.00 |
| Keyera Corporation | KEY:CA | CIBC World Markets | Outperform | $56 |
| Lundin Mining Corp. | LUN:CA | TD Securities | Buy | $14 |
| Lundin Mining Corporation | LUN:CA | Scotiabank | Outperform | $16 |
| MDA Space Ltd. | MDA:CA | Desjardins Securities | Buy | $40.00 |
| Methanex | MX:CA | Scotiabank | Outperform | $73 |
| Primaris REIT | PMZ.UN:CA | CIBC World Markets | Outperform | $19.00 |
| Primaris REIT | PMZ.UN:CA | RBC Capital | Outperform | $18.00 |
| Primaris REIT | PMZ.UN:CA | Desjardins Securities | Buy | $17.00 |
| Primaris REIT | PMZ.UN:CA | Scotiabank | Sector Perform | $17.50 |
| Skeena Resources Ltd. | SKE:CA | RBC Capital | Outperform | $26.00 |
| Spin Master | TOY:CA | CIBC World Markets | Neutral | $28 |
| Stantec | STN:CA | RBC Capital | Buy | $150.00 |
| VitalHub Corp. | VHI:CA | Scotiabank | Outperform | $14.50 |
| VitalHub Corp. | VHI:CA | Raymond James | Outperform | $14 |
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