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December 8th, 2023
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Athabasca Oil (TSE:ATH) had its price target lowered by analysts at Stifel Nicolaus from C$5.00 to C$4.75. They now have a "buy" rating on the stock. This represents a 25.3% upside from the current price of C$3.79.
ATEX Resources (CVE:ATX) was given a new C$2.20 price target on by analysts at Desjardins. They now have a "buy" rating on the stock. This represents a 178.5% upside from the current price of C$0.79.
Aya Gold & Silver (TSE:AYA) was given a new C$13.25 price target on by analysts at Desjardins. They now have a "buy" rating on the stock. This represents a 32.1% upside from the current price of C$10.03.
BCE (TSE:BCE) (NYSE:BCE) had its price target raised by analysts at National Bankshares, Inc. from C$56.00 to C$58.00. They now have an "outperform" rating on the stock. This represents a 5.1% upside from the current price of C$55.20.
CAE (TSE:CAE) (NYSE:CAE) had its price target lowered by analysts at TD Securities from C$38.00 to C$36.00. They now have a "buy" rating on the stock. This represents a 28.8% upside from the current price of C$27.95.
Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target lowered by analysts at JPMorgan Chase & Co. from C$114.00 to C$106.00. They now have a "neutral" rating on the stock. This represents a 25.0% upside from the current price of C$84.80.
Cenovus Energy (TSE:CVE) (NYSE:CVE) had its price target lowered by analysts at JPMorgan Chase & Co. from C$38.00 to C$35.00. They now have an "overweight" rating on the stock. This represents a 58.2% upside from the current price of C$22.12.
EQB (TSE:EQB) had its price target raised by analysts at Royal Bank of Canada from C$100.00 to C$101.00. They now have an "outperform" rating on the stock. This represents a 25.8% upside from the current price of C$80.31.
Frontier Lithium (CVE:FL) had its "market perform" rating reaffirmed by analysts at BMO Capital Markets.
good natured Products (CVE:GDNP) had its price target lowered by analysts at Pi Financial from C$0.20 to C$0.15. This represents a 87.5% upside from the current price of C$0.08.
Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target raised by analysts at TD Securities from C$10.00 to C$10.50. They now have a "buy" rating on the stock. This represents a 54.2% upside from the current price of C$6.81.
Headwater Exploration (TSE:HWX) had its price target lowered by analysts at Stifel Nicolaus from C$9.50 to C$9.00. They now have a "buy" rating on the stock. This represents a 37.6% upside from the current price of C$6.54.
Headwater Exploration (TSE:HWX) had its price target raised by analysts at Desjardins from C$9.25 to C$10.00. They now have a "buy" rating on the stock. This represents a 52.9% upside from the current price of C$6.54.
Interrent Real Estate Investment Trust (TSE:IIP.UN) was given a new C$16.00 price target on by analysts at Desjardins. They now have a "buy" rating on the stock. This represents a 24.5% upside from the current price of C$12.85.
Imperial Oil (TSE:IMO) (NYSEMKT:IMO) was upgraded by analysts at JPMorgan Chase & Co. from an "underweight" rating to a "neutral" rating. They now have a C$97.00 price target on the stock, up previously from C$95.00. This represents a 28.8% upside from the current price of C$75.32.
Killam Apartment REIT (TSE:KMP.UN) was given a new C$22.00 price target on by analysts at Desjardins. They now have a "buy" rating on the stock. This represents a 22.6% upside from the current price of C$17.95.
Laurentian Bank of Canada (TSE:LB) had its price target lowered by analysts at Desjardins from C$29.00 to C$28.00. They now have a "hold" rating on the stock. This represents a 8.4% upside from the current price of C$25.84.
Laurentian Bank of Canada (TSE:LB) had its price target raised by analysts at Raymond James from C$29.00 to C$32.00. They now have a "market perform" rating on the stock. This represents a 23.8% upside from the current price of C$25.84.
Laurentian Bank of Canada (TSE:LB) had its price target lowered by analysts at BMO Capital Markets from C$43.00 to C$33.00. They now have a "market perform" rating on the stock. This represents a 27.7% upside from the current price of C$25.84.
Laurentian Bank of Canada (TSE:LB) had its price target lowered by analysts at CIBC from C$35.00 to C$32.00. They now have a "neutral" rating on the stock. This represents a 23.8% upside from the current price of C$25.84.
Laurentian Bank of Canada (TSE:LB) had its price target raised by analysts at Scotiabank from C$28.00 to C$29.00. They now have a "sector perform" rating on the stock. This represents a 12.2% upside from the current price of C$25.84.
Laurentian Bank of Canada (TSE:LB) was downgraded by analysts at TD Securities from a "buy" rating to a "hold" rating. They now have a C$26.00 price target on the stock, down previously from C$30.00. This represents a 0.6% upside from the current price of C$25.84.
Laurentian Bank of Canada (TSE:LB) had its price target lowered by analysts at Royal Bank of Canada from C$33.00 to C$30.00. They now have an "underperform" rating on the stock. This represents a 16.1% upside from the current price of C$25.84.
Lundin Mining (TSE:LUN) had its "sell" rating reaffirmed by analysts at Veritas Investment Research.
MEG Energy (TSE:MEG) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating. They now have a C$33.00 price target on the stock, up previously from C$31.00. This represents a 38.5% upside from the current price of C$23.83.
OceanaGold (TSE:OGC) was given a new C$3.50 price target on by analysts at Desjardins. They now have a "buy" rating on the stock. This represents a 52.2% upside from the current price of C$2.30.
Primaris Retail REIT (TSE:PMZ.UN) was given a new C$16.50 price target on by analysts at Desjardins. They now have a "buy" rating on the stock. This represents a 23.7% upside from the current price of C$13.34.
Quebecor (TSE:QBR.B) had its price target raised by analysts at National Bankshares, Inc. from C$39.00 to C$40.00. They now have an "outperform" rating on the stock. This represents a 29.4% upside from the current price of C$30.90.
Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target raised by analysts at National Bankshares, Inc. from C$75.00 to C$78.00. They now have an "outperform" rating on the stock. This represents a 26.3% upside from the current price of C$61.75.
RioCan Real Estate Investment Trust (TSE:REI.UN) was given a new C$22.00 price target on by analysts at Desjardins. They now have a "buy" rating on the stock. This represents a 22.8% upside from the current price of C$17.92.
Surge Energy (TSE:SGY) had its price target lowered by analysts at BMO Capital Markets from C$11.00 to C$9.00. This represents a 31.6% upside from the current price of C$6.84.
Skeena Resources (TSE:SKE) was given a new C$18.25 price target on by analysts at Desjardins. They now have a "buy" rating on the stock. This represents a 238.6% upside from the current price of C$5.39.
Suncor Energy (TSE:SU) (NYSE:SU) had its price target lowered by analysts at JPMorgan Chase & Co. from C$59.00 to C$52.00. They now have a "neutral" rating on the stock. This represents a 24.5% upside from the current price of C$41.77.
TELUS (TSE:T) (NYSE:TU) had its price target raised by analysts at National Bankshares, Inc. from C$26.00 to C$27.00. They now have an "outperform" rating on the stock. This represents a 7.7% upside from the current price of C$25.06.
Insider Transactions Disclosed on Friday, December 8
First Quantum Minerals Ltd. (TSE:FM - Get Free Report) Senior Officer Zenon Wozniak sold 45,000 shares of First Quantum Minerals stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of C$11.04, for a total transaction of C$496,750.50.
Maple Leaf Foods Inc. (TSE:MFI) announced a quarterly dividend on Thursday, December 7th. Stockholders of record on Friday, December 29th will be given a dividend of 0.21 per share on Friday, December 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Thursday, December 7th.
Toromont Industries Ltd. (TSE:TIH) announced a quarterly dividend on Thursday, December 7th. Investors of record on Thursday, January 4th will be paid a dividend of 0.43 per share on Thursday, January 4th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Thursday, December 7th.
ADF Group (TSE:DRX) announced its quarterly results on Thursday, December 7th. The company reported $0.34 earnings per share (EPS) for the previous quarter. The company had revenue of $82.14 million for the quarter. The stock had previously closed at C$5.88.
Laurentian Bank of Canada (TSE:LB) announced its quarterly results on Thursday, December 7th. The company reported $1.00 earnings per share (EPS) for the previous quarter, missing the consensus estimate of $1.13 EPS by $0.13. The company had revenue of $247.45 million for the quarter, compared to the consensus estimate of $261.30 million. The stock had previously closed at C$25.84.
Major Drilling Group International (TSE:MDI) announced its quarterly results on Thursday, December 7th. The company reported $0.29 earnings per share (EPS) for the previous quarter. The company had revenue of $206.95 million for the quarter. The stock had previously closed at C$8.57.
Reko International Group (CVE:REK) announced its quarterly results on Thursday, December 7th. The company reported $0.05 earnings per share (EPS) for the previous quarter. The company had revenue of $13.70 million for the quarter. The stock had previously closed at C$4.25.
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