Canadian Analyst Updates: December 16th, 2025

Analyst Ratings (Canada)

The following are today’s 47 latest analyst ratings tracked from multiple analysts for Canadian listed and traded stocks for Tuesday December 16th:

Algonquin Power & Utilities Corp. (AQN:CA)  Scotiabank raised its target price to $9.60, while maintaining an Outperform rating.

AltaGas Ltd. (ALA:CA) had its target price raised to $50.00 from $48.00 by Scotiabank.

Artemis Gold Inc. (ARTG:CA) had its Buy rating maintained by TD Securities with a $43.00 price target.

ATCO Ltd. (ACO.X:CA) received a target price increase to $61.00 from $56.00 by Scotiabank.

Banyan Gold Corp. (BYN:CA) was initiated with a Speculative Buy rating by Canaccord Genuity, with a $2.25 target price.

Boralex Inc. (BLX:CA) had its target price lowered to $31.00 from $35.00 by Scotiabank.

Brookfield Renewable Partners LP (BEP.UN:CA) received a target price increase to $49.50 from $48.00 by Scotiabank.

BRP Inc. (DOO:CA) had its Outperform rating maintained by CIBC with a $118.00 target price.

Canadian Natural Resources Ltd. (CNQ:CA) had its Buy rating maintained by TD Securities with a $54.00 target price.

Canadian Natural Resources Ltd. (CNQ:CA) had its Outperform rating maintained by CIBC with a $62.00 target price.

Canadian Utilities Ltd. (CU:CA) Scotiabank raised its target price to $43.00 from $40.00.

Emera Inc. (EMA:CA) Scotiabank increased its target to $78.00 from $72.00.

Equinox Gold Corp. (EQX:CA) had its target price lowered to $21.00 from $22.50 by Cormark Securities.

Equinox Gold Corp. (EQX:CA) CIBC World Markets lowered its target to $21.50 from $23.00, and maintained the Neutral rating.

First Phosphate Corp. (PHOS:CA) was assigned a Buy rating by Fundamental Research with a $1.59 target price.

First Quantum Minerals Ltd. (FM:CA) had its target price raised to $33.50 from $30.20 by Morgan Stanley.

Foran Mining Corp. (FOM:CA) Ventum Financial raised its target to $5.50 from $5.25.

Fortis Inc. (FTS:CA) had its target price increased to $79.00 from $74.00 by Scotiabank.

Gatekeeper Systems Inc. (GSI:CA) was initiated with an Outperform rating by Raymond James, with a $3.00 target price.

Global Education Communities Corp. (GEC:CA) was assigned a Buy rating by Fundamental Research with a $1.09 target.

Hydro One Ltd. (H:CA) had its target price raised to $53.00 from $51.00 by Scotiabank.

Imperial Oil Ltd. (IMO:CA) saw Raymond James lower its target to $110.00 from $111.00.

Imperial Oil Ltd. (IMO:CA) had its Sector Perform rating maintained by Scotiabank with a $110.00 target.

Imperial Oil Ltd. (IMO:CA) had its Sell rating maintained by TD Securities with a $106.00 target.

Lundin Mining Corp. (LUN:CA) had its target price raised to $29.60 from $25.80 by Morgan Stanley.

Lundin Mining Corp. (LUN:CA) Haywood Securities raised its target to $32.00 from $28.00.

Major Drilling Group International Inc. (MDI:CA) had its target price increased to $17.00 from $14.00 by RBC Capital.

NFI Group Inc. (NFI:CA) had its Outperform rating maintained by CIBC with a $20.00 target.

Paramount Resources Ltd. (POU:CA) had its Outperform rating maintained by CIBC with a $25.50 target.

Pembina Pipeline Corp. (PPL:CA) had its Outperform rating maintained by Scotiabank with a $63.00 target.

Pembina Pipeline Corp. (PPL:CA) saw TD Securities lower its target to $60.00 from $65.00, maintained Buy rating.

Pembina Pipeline Corp. (PPL:CA) had its target price raised to $67.00 from $66.00 by Raymond James.

Pembina Pipeline Corp. (PPL:CA) saw CIBC World Markets lower its target to $61.00 from $62.00.

Pembina Pipeline Corp. (PPL:CA) had its target price reduced to $58.00 from $59.00 by BMO Capital Markets.

Rio2 Ltd. (RIO:CA) Raymond James raisde its target price to $4.00 from $2.50.

Silver X Mining Corp. (AGX:CA) was assigned a Buy rating by Fundamental Research with a $1.34 target.

Silver47 Exploration Corp. (AGA:CA) was assigned a Buy rating by Haywood Securities with a $1.90 target.

Skeena Resources Ltd. (SKE:CA) had its target price raised to $40.00 from $36.00 by CIBC World Markets.

Trident Resources Corp. (ROCK:CA) Fundamental Research assigns a Buy rating and $4.06 target.

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