Canadian Analyst Coverage Update: July 24th, 2025

Analyst Ratings (Canada)
5N Plus Inc. (VNP:CA) had its target price raised to $14.00 by Ventum Financial, and maintained the Buy rating.
Altius Minerals Corporation (ALS:CA) was reiterated at Outperform by Scotiabank, with a target price of $35.00.
Boyd Group Services (BYD:CA) was maintained at a Buy rating by TD Securities, with a target of $280.00.
Cameco Corp (CCO:CA) received a target price increase to $110.00 from National Bank, which maintained its Outperform rating.
Capital Power Corporation (CPX:CA) was maintained at Outperform by Scotiabank, with a price target of $67.00.
Chartwell Retirement Residences (CSH-UN:CA) had its Buy rating reaffirmed by TD Securities, with a target of $21.00.
Coveo Solutions (CVO:CA) was reiterated at Buy by TD Securities, with a target of $10.00.
First Quantum Minerals Ltd. (FM:CA) was maintained at Sector Perform by Scotiabank, with a target of $27.00.
FirstService (FSV:CA) had its Buy rating reaffirmed by TD Securities, with a target price of $273.00.
Highlander Silver Corp (HSLV:CA) was initiated at Buy by Ventum Financial, with a target of $3.60.
Kraken Robotics Inc (PNG:CA) was downgraded to Hold by Canaccord Genuity, with a target price of $4.00.
Loblaw Companies (L:CA) was maintained at Buy by TD Securities, with a target of $245.00.
MAG Silver (MAG:CA) had its Outperform rating reiterated by Scotiabank, with a target of $28.50.
Mullen Group (MTL:CA) was maintained at Buy by TD Securities, with a target price of $18.00.
NFI Group Inc. (NFI:CA) was initiated at Sector Perform by Scotiabank, with a target price of $22.00.
Orla Mining (OLA:CA) was maintained at Hold by TD Securities with a $16.00 target. Scotiabank reiterated an Outperform rating with a target of $18.00.
Rogers Communications (RCI-B:CA):
TD Securities raised its target to $58.00 and maintained a Buy rating,
Scotiabank reiterated a Sector Perform rating and raised the target price to $51.50.
Canaccord Genuity raised its target to $52.00 and maintained a Buy rating,
Desjardins Securities raised its target to $51.00 and kept a Buy rating.
Saputo Inc. (SAP:CA) was maintained at Buy by TD Securities, with a target of $35.00.
Spin Master Corp (TOY:CA) had its target cut to $33.00 by Stifel Nicolaus
StorageVault Canada (SVI:CA)
Scotiabank maintained its Outperform rating with a $5.00 target,
Desjardins Securities upgraded the stock to Buy with a $5.00 target,
TD Securities raised its target to $5.50 and maintained a Buy rating.
Teck Resources (TECK-B:CA) TD Securities maintained the Buy rating, with a price target of $64.00.
West Fraser Timber (WFG:CA):
TD Securities maintained the Buy rating, with a $133.00 target,
Scotiabank maintains the Outperform rating with a $136.00 target.
Whitecap Resources (WCP:CA)
Scotiabank maintained its Outperform rating with a $12.00 target,
Raymond James raised its target to $14.00 and maintained th Strong Buy rating,
TD Securities maintained a Buy rating, with a $14.00 target.
