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CANADA RESEARCH ROUNDUP-First Quantum Minerals, Lundin Mining, Sandstorm Gold

ReutersApr 9, 2025 6:07 PM

- Securities analysts revised their ratings and price targets on several Canadian companies including First Quantum Minerals, Lundin Mining and Sandstorm Gold on Wednesday.

HIGHLIGHTS

Canadian Natural ResourcesCNQ.TO: Raymond James ups to outperform from market perform

First Quantum Minerals Ltd FM.TO: Morgan Stanley cuts PT to C$19.40 from C$19.70

Lundin Mining Corp LUN.TO: Morgan Stanley cuts target price to C$12 from C$14.80

Sandstorm Gold Ltd SSL.TO: Canaccord Genuity raises PT to C$12.75 from C$12.25

Snowline Gold Corp SGD.V: BMO resumes coverage with outperform rating

Following is a summary of research actions on Canadian companies reported by Reuters

on Wednesday. Stock entries are in alphabetical order.

Advantage Energy Ltd AAV.TO: Raymond James cuts target price to C$11 from C$12

Air Canada AC.TO: Scotiabank cuts target price to C$21 from C$25

Algoma Steel Group Inc ASTL.TO: BMO cuts target price to C$12 from C$14

ARC Resources Ltd ARX.TO: Raymond James cuts target price to C$32 from C$33

Baytex Energy Corp BTE.TO: Raymond James cuts target price to C$4 from C$5

BCE Inc BCE.TO: RBC cuts target price to C$37 from C$39

Canadian Natural Resources CNQ.TO: Raymond James cuts target price to C$49 from C$52

Canadian Natural Resources CNQ.TO: Wells Fargo cuts target price to C$40 from C$44

Canadian Natural ResourcesCNQ.TO: Raymond James ups to outperform from market perform

Cogeco Communications Inc CCA.TO: RBC raises target price to C$78 from C$77

Firan Technology Group FTG.TO: Raymond James initiates coverage with outperform rating

Firan Technology Group FTG.TO: Raymond James initiates coverage with PT C$10

First Quantum Minerals Ltd FM.TO: Morgan Stanley cuts PT to C$19.4 from C$19.7

Freehold Royalties Ltd FRU.TO: Raymond James cuts target price to C$14 from C$16

Imperial Oil IMO.TO: Raymond James cuts target price to C$104 from C$108

Imperial Oil IMO.TO: Raymond James raises to outperform from market perform

Lundin Mining Corp LUN.TO: Morgan Stanley cuts target price to C$12 from C$14.80

Lycos Energy Inc LCX.V: Haywood Securities cuts target price to C$4 from C$4.50

Nuvista Energy Ltd NVA.TO: Raymond James cuts target price to C$17 from C$18

Obsidian Energy Ltd OBE.TO: Raymond James cuts target price to C$10 from C$14

Obsidian Energy Ltd OBE.TO: Raymond James cuts to market perform from strong buy

Prairiesky Royalty Ltd PSK.TO: TD Cowen raises to buy from hold

Precision Drilling Corp PD.TO: Raymond James cuts target price to C$124 from C$141

Precision Drilling Corp PD.TO: Raymond James cuts to outperform from strong buy

Quebecor Inc QBRb.TO: RBC raises target price to C$41 from C$38

Rogers Communications Inc RCIb.TO: RBC cuts target price to C$54 from C$57

Sandstorm Gold Ltd SSL.TO: Canaccord Genuity raises PT to C$12.75 from C$12.25

Snowline Gold Corp SGD.V: BMO resumes coverage with outperform rating

Snowline Gold Corp SGD.V: BMO resumes coverage with target price C$17.5

Step Energy Services Ltd STEP.TO: Raymond James cuts target price to C$5 from C$5.5

Step Energy Services Ltd STEP.TO: Raymond James cuts to market perform from outperform

Surge Energy Inc (Alberta) SGY.TO: Raymond James cuts target price to C$6 from C$8.5

Surge Energy Inc (Alberta) SGY.TO: Raymond James cuts to market perform from outperform

Telus Corp T.TO: RBC cuts target price to C$24 from C$25

Verticalscope Holdings Inc FORA.TO: Canaccord Genuity cuts PT to C$10.00 from C$17.00

Verticalscope Holdings Inc FORA.TO: Raymond James cuts PT to C$9 from C$14.5

Verticalscope Holdings Inc FORA.TO: TD Cowen cuts target price to C$6.00 from C$15.00

Verticalscope Holdings Inc FORA.TO: TD Cowen cuts to hold from buy

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