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Canadian Analyst Update: Oct 8th, 2025

Stock Target Advisor - Wed Oct 8, 2025
Canadian Analyst Update: Oct 8th, 2025

Analyst Ratings (Canada)

The following are today’s latest 88 analyst ratings tracked from muliple analysts for Canadian listed and traded stocks:

Agnico Eagle Mines Ltd. (AEM:CA) — TD Securities raised its target price to $272.00 CAD and reiterated a Buy rating, reflecting ongoing strength in gold prices and operational consistency across its mines.

Allied Properties REIT (AP-UN:CA) — Scotiabank maintained an Outperform rating with a $19.75 target, citing stable leasing activity and resilient property income despite macro headwinds.

Allied Properties REIT (AP-UN:CA) — National Bank downgraded the stock to Underperform with a $17.00 target, reflecting continued weakness in the office market and elevated vacancy risks.

Allied Properties REIT (AP-UN:CA) — Raymond James also downgraded to Underperform with a $18.75 target, pointing to soft leasing demand and pressure on asset valuations.

Barrick Mining Corp. (ABX:CA) — TD Securities lifted its target to $64.00 CAD and kept a Buy rating, citing robust production guidance and improved cost efficiency.

Boardwalk REIT (BEI.UN:CA) — National Bank increased its target to $85.00 and maintained an Outperform rating, reflecting healthy rental growth and improved occupancy trends.

Bombardier (BBD-B:CA) — CIBC World Markets raised its target to $222.00, pointing to solid demand in the business jet market and a strong balance sheet trajectory.

BTB REIT (BTB.UN:CA) — National Bank raised its target to $3.50 and reiterated a Sector Perform rating, highlighting moderate but steady property income growth.

Canada Packers Inc. (CPKR:CA) — RBC Capital set a target of $18.00 with a Sector Perform rating, reflecting stable fundamentals in food processing but limited near-term catalysts.

Canadian National Railway (CNR:CA) — JP Morgan reduced its target to $153.00 and kept a Neutral stance, citing softer freight volumes and higher costs.

Canadian Pacific Kansas City Ltd. (CP:CA) — JP Morgan lifted its target to $137.00 and reaffirmed an Overweight rating, supported by improved U.S.–Mexico trade routes.

Canadian Tire Corporation (CTC.A:CA) — TD Securities cut its target to $183.00 and maintained a Hold rating, reflecting near-term consumer headwinds.

CAP REIT (CAR.UN:CA) — National Bank trimmed its target to $48.50 but kept an Outperform rating, pointing to resilient rental demand despite higher financing costs.

Capstone Copper Corp. (CS:CA) — National Bank increased its target to $15.00 and reiterated Outperform, citing strong copper price momentum and mine expansion progress.

Cenovus Energy Inc. (CVE:CA) — TD Securities maintained a Buy rating with a $28.00 target, reflecting strong upstream production, disciplined capital spending, and continued shareholder returns.

Cenovus Energy Inc. (CVE:CA) — Morningstar reiterated a Hold rating with a $28.00 target, reflecting stable operations but limited near-term upside due to moderating oil prices.

Chartwell Retirement Residences (CSH-UN:CA) — National Bank raised its target to $24.00 and maintained an Outperform rating, driven by higher occupancy and improved operating metrics.

Crombie REIT (CRR-UN:CA) — National Bank lifted its target to $17.00, maintaining an Outperform call on improving retail property performance.

Dream Industrial REIT (DIR-UN:CA) — National Bank increased its target to $14.00 and reiterated Outperform, citing robust industrial leasing demand.

Dream Office REIT (D.UN:CA) — National Bank lifted its target to $21.50, keeping a Sector Perform rating due to gradual improvement in occupancy.

Dye & Durham Ltd. (DND:CA) — Scotiabank maintained Outperform with a $16.00 target, while Canaccord Genuity downgraded to Speculative Buy, citing valuation risks amid legal headwinds.

Endeavour Silver Corp. (EDR:CA) — TD Securities maintained a Buy rating and $14.00 target, noting solid exploration results.

Ero Copper Corp. (ERO:CA) — National Bank lifted its target to $35.00 and kept a Sector Perform rating, supported by stable production outlook.

Extendicare Inc. (EXE:CA) — National Bank raised its target to $17.50 and reiterated an Outperform rating, citing improving long-term care occupancy.

First Capital REIT (FCR.UN:CA) — National Bank raised its target to $22.00 and kept an Outperform rating, expecting steady income growth.

First Majestic Silver Corp. (AG:CA) — TD Securities upgraded to Buy with a $22.00 target, reflecting strong production performance and favorable silver pricing.

First Quantum Minerals Ltd. (FM:CA) — Morgan Stanley raised its price target to $31.20, reflecting improved investor sentiment toward the copper market and expectations of stronger commodity prices.

First Quantum Minerals Ltd. (FM:CA) — National Bank lifted its target price to $36.00 and maintained an Outperform rating, citing solid production performance and operational stability at key assets.

First Quantum Minerals Ltd. (FM:CA) — Citigroup increased its target price to $39.00 and reiterated a Buy rating, noting favorable copper price trends and confidence in the company’s long-term growth outlook.

Granite REIT (GRT.UN:CA) — National Bank lifted its target to $86.00, maintaining Outperform on industrial property strength.

Great-West Lifeco Inc. (GWO:CA) — Barclays Capital raised its target price to $58.00 and maintained an Overweight rating, highlighting robust insurance margins and strong balance sheet fundamentals.

Great-West Lifeco Inc. (GWO:CA) — TD Securities increased its target to $66.00, reflecting confidence in the company’s resilient earnings profile, diversified operations, and solid capital position.

H&R REIT (HR-UN:CA) — National Bank cut its target to $12.50 and kept a Sector Perform rating, citing weaker office leasing trends.

IA Financial Corp. (IAG:CA) — TD Securities raised its target to $175.00, expecting strong investment income growth.

Ivanhoe Mines Ltd. (IVN:CA) — Scotiabank maintained Outperform at $17.00, and Citigroup raised its target to $18.00 with a Buy rating, reflecting strong copper project execution.

Kinross Gold Corp. (K:CA) — TD Securities increased its target to $42.00 and maintained a Buy rating, reflecting solid cost control and production stability.

Lundin Mining Corp. (LUN:CA) — National Bank raised its target to $25.00 and reiterated Outperform, supported by stable output and higher commodity prices.

Manulife Financial Corp. (MFC:CA) — Barclays Capital raised its target price to $48.00 and maintained an Equal-Weight rating, reflecting solid earnings performance and stable insurance margins.

Manulife Financial Corp. (MFC:CA) — TD Securities increased its target to $54.00, reflecting confidence in the company’s strong capital position, robust cash flow generation, and continued shareholder returns through dividends and buybacks.

Maple Leaf Foods Inc. (MFI:CA) — RBC Capital reduced its target price to $34.00 but maintained an Outperform rating, reflecting continued operational improvements offset by near-term cost inflation pressures.

Maple Leaf Foods Inc. (MFI:CA) — Scotiabank lowered its target to $32.00 and rated the stock Sector Perform, reflecting moderating consumer demand and margin pressure in the protein segment.

MDA Space Ltd. (MDA:CA) — Stifel Nicolaus maintained a Buy rating with a $48.00 target, reflecting strength in satellite demand.

MTY Food Group (MTY:CA) — Scotiabank lowered its target to $42.00 and rated it Sector Perform, citing slower franchise growth.

Mullen Group Ltd. (MTL:CA) — RBC Capital raised its target to $15.00 with an Outperform rating, citing improved freight volumes.

Premium Brands Holdings (PBH:CA) — Scotiabank increased its target to $103.00, maintaining Sector Perform, reflecting margin stability.

Restaurant Brands International (QSR:CA) — Scotiabank raised its target to $102.00, keeping Sector Perform, noting solid global same-store sales.

RioCan REIT (REI.UN:CA) — National Bank raised its target to $21.50 and maintained Outperform, supported by stable retail occupancy.

Saputo Inc. (SAP:CA) — Scotiabank raised its target to $37.00 with an Outperform rating, citing cost efficiencies and volume recovery.

Spin Master Corp. (TOY:CA) — TD Securities reduced its target to $29.00 but kept a Buy rating, reflecting near-term sales softness in toys.

Stella-Jones Inc. (SJ:CA) — RBC Capital raised its target to $87.00 and kept Sector Perform, citing strong utility pole demand.

StorageVault Canada (SVI:CA) — National Bank lifted its target to $6.00 and reiterated Outperform, noting steady growth in storage rental revenues.

Sun Life Financial Inc. (SLF:CA) — TD Securities upgraded to Buy with a $101.00 target, while Barclays lifted its target to $84.00, and Morningstar maintained Underperform.

Teck Resources Ltd. (TECK-B:CA) — TD Securities maintained a Buy rating with a $63.00 target, highlighting steady cash flow generation and strong performance from its copper and steelmaking coal operations.

Teck Resources Ltd. (TECK-B:CA) — Morningstar reiterated a Hold rating with a $55.50 target, reflecting balanced valuation following recent share strength and stable commodity prices.

Teck Resources Ltd. (TECK-B:CA) — National Bank raised its target price to $65.00 and maintained a Sector Perform rating, reflecting solid fundamentals and improving market outlook for base metals.

Teck Resources Ltd. (TECK-B:CA) — Citigroup increased its target to $60.00 while keeping a Neutral stance, reflecting steady operations but limited near-term upside amid softer coal pricing.

TFI International Inc. (TFII:CA) — RBC Capital lifted its target to $148.00 (Outperform), while JP Morgan trimmed to $145.00 (Overweight), reflecting transport sector normalization.

Triple Flag Precious Metals (TFPM:CA) — TD Securities maintained a Buy rating with a $49.00 target, supported by steady royalty cash flow.

Wesdome Gold Mines Ltd. (WDO:CA) — CIBC World Markets issued a Neutral rating with a $24.00 target, reflecting solid exploration potential but limited near-term catalysts.

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