Canadian Analyst Updates: October 2, 2026
Analyst Ratings —Canada
The latest Canadian analyst updates point to a generally positive but selective market outlook, with the strongest sentiment concentrated in gold and base metals, energy services, uranium, alternative asset management and selected REITs. Mining and resource companies continue to attract Buy ratings, supported by firm commodity expectations, while multiple target increases in energy services indicate improving earnings and cash-flow expectations. Real estate and senior living also show improving sentiment following several upgrades, suggesting analysts see opportunities in select income-oriented and defensive assets. The outlook is more cautious across consumer health, lithium and selected growth companies, where downgrades or substantial target reductions reflect valuation and earnings concerns. Overall, analysts remain positive on Canadian resource and hard-asset sectors while emphasizing stock selection, with commodity exposure, cash-flow visibility and reasonable valuations driving the more bullish recommendations.
Canadian Analyst Updates
American Tungsten Corp. (TUNG:CA) — Ventum Financial initiated coverage with a Buy rating and a C$3.00 price target.
Anaergia Inc. (ANRG:CA) — National Bank maintained its Outperform rating with a C$5.00 price target.
B2Gold Corp. (BTO:CA) — TD Securities maintained its Buy rating with a C$8.50 price target.
Brookfield Asset Management Ltd. (BAM:CA) — TD Securities maintained its Buy rating with a C$100.00 price target.
Cargojet Inc. (CJT:CA) — National Bank maintained its Outperform rating with a C$112.00 price target.
Cargojet Inc. (CJT:CA) — TD Securities maintained its Buy rating with a C$128.00 price target.
CT Real Estate Investment Trust (CRT.UN:CA) — Raymond James upgraded the stock to Outperform with a C$19.25 price target.
DPM-Metals Inc. (DPM:CA) — Scotiabank maintained its Outperform rating with a C$67.00 price target.
Enerflex Ltd. (EFX:CA) — Acumen Capital maintained its Buy rating and raised its price target to C$48.00 from C$42.00.
Enerflex Ltd. (EFX:CA) — ATB Cormark maintained its Outperform rating and raised its price target to C$52.00 from C$47.00.
Enerflex Ltd. (EFX:CA) — Raymond James maintained its Outperform rating and raised its price target to C$49.00 from C$48.00.
Equinox Gold Corp. (EQX:CA) — Scotiabank maintained its Outperform rating with a C$25.00 price target.
Hudbay Minerals Inc. (HBM:CA) — TD Securities maintained its Buy rating with a C$43.00 price target.
IsoEnergy Ltd. (ISO:CA) — RBC Capital initiated coverage with an Outperform rating and a C$25.00 price target.
Jamieson Wellness Inc. (JWEL:CA) — TD Securities downgraded the stock to Sell and lowered its price target to C$45.75 from C$49.00.
Ovintiv Inc. (OVV:CA) — Scotiabank maintained its Sector Outperform rating and raised its price target to C$107.00 from C$100.00.
Primaris REIT (PMZ.UN:CA) — Raymond James upgraded the stock to Strong Buy with a C$25.50 price target.
Sienna Senior Living Inc. (SIA:CA) — Raymond James upgraded the stock to Strong Buy and set a C$24.25 price target, compared with its previous C$25.75 target.
Sigma Lithium Corp. (SGML:CA) — ATB Cormark maintained its Sector Perform rating and lowered its price target to C$18.50 from C$28.00.
StorageVault Canada Inc. (SVI:CA) — Raymond James maintained its Outperform rating and lowered its price target to C$5.25 from C$5.75.
Tilray Brands Inc. (TLRY:CA) — TD Securities maintained its Buy rating and lowered its price target to C$4.50 from C$5.00.
WELL-Health Technologies Corp. (WELL:CA) — Scotiabank maintained its Outperform rating with a C$6.00 price target.
Wellstar Technologies Corp. (WSTR:CA) — Stifel Nicolaus initiated coverage with a Buy rating and a C$10.00 price target.
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