Canadian Ratings:
Investors often rely on the expertise of financial analysts to make informed decisions in the stock market. Analyst ratings offer insights into the future performance of stocks, helping investors navigate the complexities of the market. In this article, we provide an overview of the latest analyst ratings for a selection of Canadian stocks, including Barrick Gold Corp, Alimentation Couche-Tard, BCE Inc, and more.
Barrick Gold Corp (ABX:CA)
Market Cap: 36.36 billion
Barrick Gold Corp, a significant player in the gold industry, has received positive ratings from Scotia Capital, BMO Capital Markets, and Raymond James. Scotia Capital maintains an outperform rating with a target price of CAD 35.5. Meanwhile, BMO Capital Markets has also issued an outperform rating, although with a lower target price of CAD 30. Raymond James, on the other hand, provides a higher target price of CAD 48, but all analysts seem bullish on the stock, which has already outperformed expectations, trading at CAD 31.04, reflecting a 49.86% increase. StockTargetAdvisor also supports this sentiment with a strong buy rating, despite expressing a slightly bearish outlook.
ADENTRA Inc. (ADEN:CA)
Market Cap: 0.75 billion
ADENTRA Inc., operating in industrial distribution, has received an outperform rating from CIBC World Markets. Although there has been a target price decrease from CAD 39 to CAD 35, the stock is performing well, currently trading at CAD 39.84, showing a substantial 45.94% increase. StockTargetAdvisor maintains a buy rating with a slightly bullish outlook, indicating potential for further growth.
Alimentation Couche-Tard (ATD:CA)
Market Cap: 70.70 billion
Alimentation Couche-Tard, a leader in specialty retail, has received varying ratings from Scotia Capital, Canaccord Genuity, National Bank Financial, and Stifel Nicolaus. Scotia Capital maintains an outperform rating with a target price of CAD 87. Canaccord Genuity issues a buy rating with a target price of CAD 84. National Bank Financial provides an outperform rating with a target price of CAD 86. Stifel Nicolaus offers a buy rating with a target price of CAD 85. Despite the differing outlooks, the stock currently trades at CAD 78.51, showing a 5.13% increase, and all analysts express a strong buy rating with a slightly bullish outlook on StockTargetAdvisor.
BCE Inc (BCE:CA)
Market Cap: 47.27 billion
BCE Inc, a major player in telecom services, has been rated as a hold by Desjardins Securities. Despite a target price decrease from CAD 56 to CAD 63.00, the stock is currently trading at CAD 63.00, showing a 21.57% increase. StockTargetAdvisor maintains a buy rating but has a slightly bearish outlook, suggesting some caution is warranted.
Brookfield Renewable Partners L.P. (BEP-UN:CA)
Market Cap: 20.27 billion
Brookfield Renewable Partners, focusing on renewable utilities, has received an outperform rating from National Bank Financial. While there has been a target price decrease from CAD 41 to CAD 41.11, the stock is currently performing well at CAD 41.11, reflecting a 38.08% increase. StockTargetAdvisor also maintains a strong buy rating with a slightly bullish outlook, indicating potential for further growth.
Cascades Inc (CAS:CA)
Market Cap: 1.21 billion
Cascades Inc, specializing in packaging and containers, has been rated as neutral by CIBC World Markets. The target price is unchanged at CAD 14, and the stock is currently trading at CAD 13.53, showing a 14.24% increase. StockTargetAdvisor maintains a buy rating but has a slightly bearish outlook.
Cogeco Communications Inc (CCA:CA)
Market Cap: 2.70 billion
Cogeco Communications, operating in telecom services, has been rated as buy by Desjardins Securities. With a target price of CAD 77, the stock is currently trading at CAD 82.19, marking a 33.02% increase. StockTargetAdvisor also maintains a bullish outlook with a buy rating.
CCL Industries Inc (CCL-B:CA)
Market Cap: 10.09 billion
CCL Industries, a company engaged in packaging and containers, has been rated as outperform by CIBC World Markets, with a target price of CAD 74. The stock currently trades at CAD 75.27, reflecting a 34.22% increase. StockTargetAdvisor maintains a strong buy rating with a neutral outlook.
Conifex Timber Inc (CFF:CA)
Market Cap: 0.03 billion
STA Research has given Conifex Timber Inc a speculative buy rating. This upgrade is backed by a 78.13% increase in their target price from CAD 1.3 to CAD 1.43. While STA Research has shown faith in the stock, stockTargetAdvisor maintains a hold rating, albeit with a slightly bullish outlook, indicating that there is some uncertainty regarding its future performance.
Canfor Corporation (CFP:CA)
Market Cap: 1.83 billion
Canfor Corporation, a lumber and wood production company, has received an outperform rating from CIBC World Markets. Despite a target price downgrade from CAD 28 to CAD 23, the stock has shown impressive growth of 83.25%, with a current price of CAD 26.77. StockTargetAdvisor has a strong buy rating on this stock, accompanied by a bullish sentiment.
Canfor Pulp Products (CFX:CA)
Market Cap: 0.12 billion
Canfor Pulp Products has been rated as neutral by CIBC World Markets, with a target price decrease from CAD 2.25 to CAD 2. However, the stock has surpassed expectations, currently trading at CAD 2.76, reflecting a 50.77% increase. StockTargetAdvisor maintains a buy rating with a very bullish outlook, indicating that there may be more room for growth.
Doman Building Materials Group (DBM:CA)
Market Cap: 0.68 billion
CIBC World Markets has given Doman Building Materials Group an outperform rating, along with a target price increase from CAD 8.5 to CAD 9. Despite this bullish sentiment, the stock has shown modest growth, currently at CAD 7.94, up 7.04%. StockTargetAdvisor maintains a buy rating but has a neutral outlook, suggesting that caution may be warranted.
Dolly Varden Silver (DV:CA)
Market Cap: 0.19 billion
Raymond James has rated Dolly Varden Silver as outperform. The target price of CAD 1 has been met, showing a 42.86% increase. StockTargetAdvisor maintains a strong buy rating but expresses a slightly bearish sentiment, implying some uncertainty about the stock’s future direction.
Enerflex Ltd. (EFX:CA)
Market Cap: 0.75 billion
National Bank Financial has rated Enerflex Ltd. as a sector perform, with a target price of CAD 10, while the stock is currently trading at CAD 11.78, marking a substantial gain of 100.70%. StockTargetAdvisor maintains a buy rating but expresses a slightly bearish sentiment, suggesting caution.
Enthusiast Gaming Holdings Inc. (EGLX:CA)
Market Cap: 0.09 billion
H.C. Wainwright has issued a buy rating for Enthusiast Gaming Holdings Inc., with a target price decrease from CAD 2.75 to CAD 2.44. The stock has significantly outperformed the target, with a staggering 429.89% increase. StockTargetAdvisor also maintains a strong buy rating but has a neutral outlook.
Enbridge Inc (ENB:CA)
Market Cap: 94.82 billion
Enbridge Inc has received mixed ratings. Scotia Capital maintains a sector perform rating, while CIBC World Markets has given it an outperform rating. While the target prices differ (CAD 52 and CAD 64, respectively), the stock currently trades at CAD 55.79, representing a 25.22% increase. StockTargetAdvisor suggests caution with a bearish sentiment, even though both analysts recommend buying the stock.
First Quantum Minerals (FM:CA)
Market Cap: 21.38 billion
Barclays has issued a rating of underweight for First Quantum Minerals. Despite this, the stock has shown a 13.06% increase, trading at CAD 34.87. StockTargetAdvisor maintains a hold rating but expresses a slightly bullish outlook.
First Majestic Silver (FR:CA)
Market Cap: 2.00 billion
STA Research has given First Majestic Silver a buy rating, accompanied by a target price decrease from CAD 12 to CAD 11.18. The stock has shown growth of 66.10%. StockTargetAdvisor also maintains a buy rating but has a slightly bearish outlook.
Fiera Capital Corporation (FSZ:CA)
Market Cap: 0.60 billion
BMO Capital Markets has rated Fiera Capital Corporation as outperform, with a target price decrease from CAD 8 to CAD 7.80. Despite this target adjustment, the stock currently trades at CAD 7.80, showing a 34.95% increase. StockTargetAdvisor maintains a hold rating with a neutral outlook.
Firan Technology Group (FTG:CA)
Market Cap: 0.08 billion
Firan Technology Group has been rated as a buy by Acumen Capital Partners. The stock has remained stable at CAD 5.25, with a 51.73% increase in line with the target. StockTargetAdvisor also maintains a strong buy rating with a slightly bullish outlook.
Guardian Capital Group (GCG:CA)
Market Cap: 1.08 billion
BMO Capital Markets has issued an outperform rating for Guardian Capital Group, accompanied by a target price increase from CAD 52 to CAD 54.33. The stock is currently trading at CAD 54.33, indicating a 30.58% increase. StockTargetAdvisor maintains a strong buy rating with a slightly bearish outlook.
Intact Financial Corporation (IFC:CA)
Market Cap: 35.29 billion
Scotia Capital maintains an outperform rating for Intact Financial Corporation, even though there has been no change in their target price of CAD 222. The stock is currently trading at CAD 220.00, reflecting a 10.15% increase. StockTargetAdvisor maintains a strong buy rating with a slightly bullish outlook.
Interfor Corp (IFP:CA)
Market Cap: 0.98 billion
Interfor Corp, a prominent player in the lumber and wood production industry, has received a solid ‘A’ rating from CIBC World Markets. Despite a target price decrease from CAD 32 to CAD 26, the stock is currently trading at CAD 28.33, marking an impressive 62.00% increase. StockTargetAdvisor is equally bullish, with a ‘Strong Buy’ rating and a ‘Bullish’ sentiment.
K92 Mining Inc (KNT:CA)
Market Cap: 1.44 billion
K92 Mining Inc, a gold mining company, has garnered a diverse set of ratings. Stifel Nicolaus, with a ‘D-‘ rating, recommends buying the stock and has set a target price of CAD 14. However, Scotia Capital remains bullish with an ‘A’ rating and a target price of CAD 8.5. Cormark Securities takes a more cautious stance, giving a ‘C’ rating and a lower target price of CAD 11. The stock is currently performing impressively at CAD 9.86, reflecting a remarkable 104.08% increase. StockTargetAdvisor supports this sentiment with a ‘Strong Buy’ rating and a ‘Slightly Bullish’ outlook.
KP Tissue Inc (KPT:CA)
Market Cap: 0.10 billion
KP Tissue Inc, operating in the household and personal products industry, has received a ‘D’ rating from CIBC World Markets. While the stock currently trades at CAD 10.79, showing an 8.84% increase, the target price remains at CAD 11. StockTargetAdvisor maintains a ‘Hold’ rating and a ‘Slightly Bullish’ outlook, suggesting a more conservative approach to investment.
Lithium Royalty Corp (LIRC:CA)
Market Cap: 1.34 billion
Lithium Royalty Corp, involved in other industrial metals and mining, has received a positive ‘A’ rating from TD Securities. Despite a target price decrease from CAD 14 to CAD 19.57, the stock is currently trading at CAD 19.57, marking an impressive 86.54% increase. StockTargetAdvisor, however, is less optimistic with a ‘Bearish’ sentiment.
Lundin Gold Inc (LUG:CA)
Market Cap: 3.77 billion
Lundin Gold Inc, a gold mining company, has been highly rated by TD Securities, STA Research, Scotia Capital, and CIBC World Markets. TD Securities and STA Research provide ‘B’ and ‘A-‘ ratings, respectively, both maintaining a ‘Buy’ stance with stable target prices. Scotia Capital, with an ‘A’ rating, recommends a ‘Sector Perform’ stance with a stable target price. CIBC World Markets is bullish with an ‘A-‘ rating, suggesting an ‘Outperform’ stance. The stock currently trades at CAD 20.82, reflecting a 36.68% increase. StockTargetAdvisor aligns with the positive sentiment, offering a ‘Strong Buy’ rating with a ‘Slightly Bullish’ outlook.
MTY Food Group Inc (MTY:CA)
Market Cap: 1.38 billion
MTY Food Group Inc, operating in the restaurant industry, has been rated ‘A-‘ by RBC. Despite a target price decrease from CAD 66 to CAD 69.60, the stock is currently trading at CAD 69.60, reflecting a 33.97% increase. StockTargetAdvisor maintains a ‘Buy’ rating with a ‘Slightly Bullish’ outlook.
Methanex Corporation (MX:CA)
Market Cap: 3.88 billion
Methanex Corporation, involved in the chemicals industry, has received a ‘D’ rating from CIBC World Markets. Despite a target price increase, the stock is currently trading at CAD 55.78, showing a slight decrease of 7.24%. StockTargetAdvisor, however, remains optimistic with a ‘Bullish’ sentiment.
Northland Power Inc (NPI:CA)
Market Cap: 5.70 billion
Northland Power Inc, a player in renewable utilities, has garnered different opinions from National Bank Financial and STA Research. National Bank Financial maintains an ‘N/A’ rating with an ‘Outperform’ stance, while STA Research issues a ‘Speculative Buy’ rating. Both analyst groups expect a target price decrease. The stock currently trades at CAD 36.92, marking a significant 67.76% increase. StockTargetAdvisor echoes the ‘Strong Buy’ sentiment with a ‘Bullish’ outlook.
Osisko Gold Royalties (OR:CA)
Market Cap: 2.97 billion
Osisko Gold Royalties, operating in the gold industry, has received an ‘A+’ rating from Raymond James. Despite a target price decrease from CAD 25 to CAD 26.08, the stock is currently trading at CAD 26.08, reflecting an impressive 63.92% increase. StockTargetAdvisor maintains a ‘Strong Buy’ rating with a ‘Neutral’ outlook.
Orezone Gold Corp (ORE:CA)
Market Cap: 0.33 billion
Orezone Gold Corp, also in the gold industry, has received an ‘A-‘ rating from CIBC World Markets and an ‘A+’ rating from Raymond James. Both recommend ‘Outperform’ stances. The stock has outperformed expectations, trading at CAD 2.17, reflecting a remarkable 149.04% increase. However, StockTargetAdvisor takes a slightly bearish stance with a ‘Slightly Bearish’ sentiment.
Quebecor Inc (QBR-B:CA)
Market Cap: 6.93 billion
Quebecor Inc, a telecom services company, has been rated ‘D’ by Desjardins Securities. Despite a target price decrease from CAD 36.5 to CAD 38.33, the stock is currently trading at CAD 38.33, marking a 31.64% increase. StockTargetAdvisor maintains a ‘Strong Buy’ rating with a ‘Slightly Bullish’ outlook.
Stingray Group Inc (RAY-A:CA)
Market Cap: 0.35 billion
Stingray Group Inc, involved in broadcasting, has received a ‘F’ rating from CIBC World Markets. The stock is currently trading at CAD 7.79, reflecting a significant 73.02% increase. StockTargetAdvisor, however, takes a more neutral stance with a ‘Neutral’ sentiment.
