Latest Canadian Analyst Coverage: July 9th, 2025

Analyst Ratings (Canada)

Aritzia Inc. (ATZ:CA) had its target price raised to C$84.00 by Desjardins Securities with a Buy rating.

Calian Group Ltd. (CGY:CA) was reiterated as Buy by Desjardins Securities, and raised the target to C$62.00.

Canadian National Railway Co. (CNR:CA) had its target lowered to C$168 by Citigroup with a Buy rating, while National Bank raised its target to C$170 and maintained an Outperform rating.

Canadian Pacific Kansas City Ltd. (CP:CA) had its target increased to C$129 by Citigroup with a Buy rating, and National Bank also raised its target to C$119.

Capstone Copper Corp. (CS:CA) had its target raised to C$9.75 by National Bank, maintaining an Outperform rating.

Dundee Precious Metals Inc. (DPM:CA) was reiterated as Outperform by Scotia Capital with a target of C$23.00.

Dye & Durham (DND:CA) had its target lowered to C$14.50 by Canaccord Genuity while maintaining a Buy rating.

Equinox Gold Corp. (EQX:CA) was maintained as Sector Perform by Scotia Capital with a target price of C$8.50.

Ero Copper Corp. (ERO:CA) was downgraded to Sector Perform by National Bank, which set a target of C$24.50.

First Majestic Silver Corp. (AG:CA) was reiterated as Sector Perform by Scotia Capital with a target of C$9.00.

First Quantum Minerals Ltd. (FM:CA) received a target raise to C$27.50 and was maintained as Outperform by National Bank.

H&R Reit (HR-UN:CA) was maintained as Buy by TD Securities/Cowen with a target of C$14.50.

Hudbay Minerals Inc. (HBM:CA) had its target raised to C$16.50 and was maintained as Outperform by National Bank.

Illumin Holdings Inc. (ILMN:CA) had its target price raised to C$3.50 by TD Securities/Cowen and was maintained as Buy.

Ivanhoe Mines Ltd. (IVN:CA) was maintained as Sector Perform by Scotia Capital with a target of C$12.50.

K92 Mining Inc. (KNT:CA) was reiterated as Outperform by Scotia Capital with a target price of C$14.25.

Loblaw Companies Ltd. (L:CA) had its target price raised to C$235.00 and was maintained as Outperform by National Bank.

Lundin Mining Corp. (LUN:CA) received a target hike to C$17.50 from National Bank while maintaining an Outperform rating.

Magna International Inc. (MG:CA) had its target raised to C$52 and was maintained as Sector Perform by RBC Capital.

Teck Resources Ltd. (TECK-B:CA) had its target increased to C$66.00 by National Bank with an Outperform rating.

TFI International Inc. (TFII:CA) was reiterated as Buy by Citigroup with a raised target of C$148.00.

Thesis Gold Inc. (TAU:CA) was reiterated as Outperform by Scotia Capital with a target of C$2.00.

Triple Flag Precious Metals Corp. (TFPM:CA) was maintained as Buy by TD Securities/Cowen with a target of C$39.00.

Well Health Technologies (WELL:CA) was maintained as Outperform by Scotia Capital with a target of C$7.00.