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CANADA RESEARCH ROUNDUP-First Quantum, Ia Financial Corporation, Mullen Group

ReutersJan 8, 2026 4:05 PM

- Securities analysts revised their ratings and price targets on several Canadian companies including First Quantum, Ia Financial Corporation and Mullen Group on Thursday.

HIGHLIGHTS

Blue Moon Metals Inc MOON.V: Scotiabank raises target price to C$7.50 from C$6

First Quantum FM.TO: Barclays raises target price to C$44.3 from C$38

Ia Financial Corporation Inc IAG.TO: CIBC cuts to neutral from outperformer

Labrador Iron Ore Royalty Corp LIF.TO: Scotiabank raises PT to C$30 from C$28

Mullen Group Ltd MTL.TO: CIBC raises target price to C$17 from C$15

Following is a summary of research actions on Canadian companies reported by Reuters on Thursday. Stock entries are in alphabetical order.

Arizona Sonoran Copper Company Inc ASCU.TO: Haywood Securities ups PT to C$8 from C$5

Blue Moon Metals Inc MOON.V: Scotiabank raises target price to C$7.50 from C$6

Cameco Corp CCO.TO: Bernstein cuts target price to C$139 from C$141

Cameco Corp CCO.TO: Scotiabank raises target price to C$155 from C$150

Canadian National Railway Co CNR.TO: CIBC raises target price to C$154 from C$151

Capstone Copper Corp CS.TO: Scotiabank raises target price to C$18 from C$16

Ero Copper Corp ERO.TO: Scotiabank raises target price to C$45 from C$36

First Quantum FM.TO: Barclays raises target price to C$44.3 from C$38

First Quantum Minerals Ltd FM.TO: Scotiabank raises target price to C$41 from C$35

Foran Mining Corp FOM.TO: Scotiabank raises target price to C$6 from C$4.50

Great-West Lifeco Inc GWO.TO: CIBC raises target price to C$73 from C$67

Hudbay Minerals Inc HBM.TO: Scotiabank raises target price to C$31 from C$26

Hudbay Minerals Inc HBM.TO: UBS initiates coverage with buy rating; price target C$34.5

Ia Financial Corporation Inc IAG.TO: CIBC cuts to neutral from outperformer

Ia Financial Corporation Inc IAG.TO: CIBC raises target price to C$184 from C$175

Keyera Corp KEY.TO: Barclays cuts target price to C$43 from C$45

Labrador Iron Ore Royalty Corp LIF.TO: Scotiabank raises PTto C$30 from C$28

Lundin Mining Corp LUN.TO: Scotiabank raises target price to C$31 from C$25

Manulife Financial Corp MFC.TO: CIBC raises target price to C$58 from C$50

Manulife Financial Corp MFC.TO: CIBC raises to outperformer from neutral

Mullen Group Ltd MTL.TO: CIBC raises target price to C$17 from C$15

Nexgen Energy Ltd NXE.TO: Scotiabank raises target price to C$16 from C$14

Sun Life Financial Inc SLF.TO: CIBC raises target price to C$95 from C$93

Teck Resources Ltd TECKb.TO: Scotiabank raises target price to C$70 from C$60

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