Canadian Analyst Ratings – Key Insights

Investors often rely on the guidance provided by analysts to make informed decisions about buying, holding, or selling stocks. This summarizes the latest analyst ratings for several Canadian stocks in diverse industries, providing a snapshot of their performance and the market’s sentiments.

1. Agnico Eagle Mines (AEM:CA):
   • TD Securities rates AEM as a Buy, with a Target Price of CAD 84.
   • Scotia Capital maintains an Outperform rating and a Target Price of CAD 98.
   • This dual positive outlook signifies strong bullish sentiment within the gold sector.
2. Alamos Gold Inc (AGI:CA):
   • TD Securities suggests a Buy rating, with a Target Price of CAD 21.
   • CIBC World Markets provides an even more optimistic stance, with an Outperform rating and a Target Price of CAD 25.
3. Allied Properties REIT (AP-UN:CA):
   • TD Securities continues to support Allied Properties REIT with a Buy rating and a Target Price of CAD 22.
   • Scotia Capital reinforces the positive sentiment by maintaining an Outperform rating and setting a Target Price at CAD 39.5.
4. Aecon Group Inc (ARE:CA):
   • TD Securities maintains a Hold rating on Aecon Group Inc, with a Target Price of CAD 11.5.
   • The engineering and construction industry remains relatively steady despite some bearish sentiment.
5. Ceridian HCM Holding (CDAY:CA):
   • Morningstar’s Buy rating with a Target Price of CAD 113 suggests ongoing optimism in the software-application industry.
6. Champion Iron Ltd (CIA:CA):
   • TD Securities rates Champion Iron Ltd as a Buy, with a Target Price of CAD 8.
   • Scotia Capital maintains an Outperform rating with a Target Price of CAD 6.5, indicating confidence in the steel sector.
7. CI Financial Corp (CIX:CA):
   • Morningstar provides a Buy rating with a Target Price of CAD 16, reinforcing the positive outlook in the asset management sector.
8. Celestica Inc (CLS:CA):
   • While STA Research maintains an Underperform rating, the electronic components industry retains an air of confidence, perhaps due to certain bullish signals.
9. Canadian Pacific Railway Ltd (CP:CA):
   • TD Securities suggests a Buy rating, though with a slightly adjusted Target Price of CAD 115.
   • Scotia Capital continues to maintain the Outperform rating with a Target Price of CAD 120.
10. Canadian Utilities Ltd (CU:CA):
    • STA Research upgrades Canadian Utilities to Buy, with a Target Price of CAD 35, signifying increased confidence in the diversified utilities sector.
11. Filo Mining Corp (FIL:CA):
    • Scotia Capital maintains an Outperform rating for Filo Mining Corp, with a Target Price of CAD 29. The company’s presence in the other industrial metals and mining industry garners significant attention.
12. First Quantum Minerals (FM:CA):
    • TD Securities maintains a Buy rating but lowers the Target Price to CAD 38.
    • RBC downgrades First Quantum Minerals to Sector Perform, signaling potential challenges ahead for the copper industry.
13. Galiano Gold Inc (GAU:CA):
    • Scotia Capital suggests a Sector Perform rating and maintains a Target Price of CAD 1.2, despite a modest boost in the gold sector.
14. Jamieson Wellness Inc (JWEL:CA):
    • CIBC World Markets maintains a Neutral rating for Jamieson Wellness, reflecting a cautious sentiment in the packaged foods industry.
15. Linamar Corporation (LNR:CA):
    • Scotia Capital sustains an Outperform rating with a Target Price of CAD 96, illustrating a confident outlook for the auto parts industry.
16. New Gold Inc (NGD:CA):
    • TD Securities maintains a Buy rating, despite a Target Price downgrade to CAD 1. New Gold Inc’s presence in the gold sector remains of interest.
17. Nexus Real Estate Investment Trust (NXR-UN:CA):
    • Scotia Capital continues to suggest an Outperform rating, with a Target Price of CAD 9, indicating faith in the industrial REIT sector.
18. OceanaGold Corporation (OGC:CA):
    • CIBC World Markets provides an Outperform rating but lowers the Target Price to CAD 4.5, signifying ongoing challenges in the gold sector.
19. Precision Drilling Corp (PD:CA):
    • TD Securities maintains a Buy rating, despite the bearish sentiment, and sets a Target Price of CAD 140 in the oil and gas drilling industry.
20. Storage Vault Canada Inc (SVI:CA):
    • TD Securities and Scotia Capital both maintain Buy and Outperform ratings, respectively, reflecting strong investor confidence in the real estate services sector.
21. Spin Master Corp (TOY:CA):
    • CIBC World Markets continues to maintain an Outperform rating, with a Target Price of CAD 50, demonstrating optimism in the leisure sector.
22. Waste Connections Inc (WCN:CA):
    • Scotia Capital maintains a Sector Perform rating, highlighting the importance of the waste management industry, even amid market fluctuations.
23. Whitecap Resources Inc (WCP:CA):
    • Whitecap Resources receives a Buy rating, with a Target Price of CAD 13.5 from TD Securities.
    • Scotia Capital suggests a Sector Perform rating, signifying stability in the oil and gas exploration and production industry.
24. West Fraser Timber Co (WFG:CA):
    • TD Securities rates West Fraser Timber as a Buy, with a Target Price of CAD 145.
    • CIBC World Markets maintains an Outperform rating, reinforcing a positive outlook for the lumber and wood production sector.

Gillian Lawrence