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CANADA RESEARCH ROUNDUP-Definity Financial, Hudbay Minerals, Tantalus Systems

ReutersJan 15, 2026 6:14 PM

- Securities analysts revised their ratings and price targets on several Canadian companies including Definity Financial, Hudbay Minerals and Tantalus Systems Holding on Thursday.

HIGHLIGHTS

Altius Minerals Corp ALS.TO: Raymond James raises target price to C$46 from C$43

Definity Financial Corp DFY.TO: TD Cowen raises target price to C$85 from C$80

ERO Copper Corp ERO.TO: Raymond James raises PT to C$47 from C$40

Hudbay Minerals Inc HBM.TO: CIBC raises target price to C$35 from C$16

Tantalus Systems Holding Inc GRID.TO: TD Cowen initiates coverage with buy rating

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

Altius Minerals Corp ALS.TO: Raymond James raises target price to C$46 from C$43

Arizona Sonoran Copper Company Inc ASCU.TO: Raymond James raises PT to C$6.50 from C$4

Aya Gold & Silver Inc AYA.TO: Raymond James raises target price to C$27 from C$19

Cameco Corp CCO.TO: Raymond James raises target price to C$165 from C$150

Canadian National Railway CNR.TO: Barclays raises target price to C$140 from C$135

Capstone Copper Corp CS.TO: Raymond James raises PT to C$17 from C$14

Cargojet Inc CJT.TO: BMO raises target price to C$90 from C$75

Centerra Gold Inc CG.TO: Raymond James raises target price to C$24.5 from C$18.5

Definity Financial Corp DFY.TO: TD Cowen raises target price to C$85 from C$80

Discovery Silver Corp DSV.TO: Raymond James raises target price to C$11.5 from C$6.75

Elemental Royalty Corp ELE.V: Raymond James raises target price to C$32 from C$29

Endeavour Silver Corp EDR.TO: Raymond James raises target price to C$18.5 from C$12.5

ERO Copper Corp ERO.TO: Raymond James raises PT to C$47 from C$40

First Quantum Minerals Ltd FM.TO: Raymond James raises target price to C$37 from C$29

Granite REIT GRT_u.TO: Scotiabank raises PT to C$94 from C$90

Groupe Dynamite Inc GRGD.TO: Stifel raises target price to C$102 from C$96

Hudbay Minerals Inc HBM.TO: CIBC raises target price to C$35 from C$16

Hudbay Minerals Inc HBM.TO: Raymond James raises target price to C$34 from C$26

Ivanhoe Mines Ltd IVN.TO: Raymond James raises target price to C$22 from C$19

K92 Mining Inc KNT.TO: Raymond James raises target price to C$30 from C$21

Lundin Gold Inc LUG.TO: Raymond James raises target price to C$100 from C$80

Lundin Mining Corp LUN.TO: Raymond James raises target price to C$30 from C$20

Montage Gold Corp MAU.TO: Raymond James raises target price to C$12 from C$9

Nexgen Energy Ltd NXE.TO: Raymond James raises target price to C$17 from C$14

Oceanagold Corp OGC.TO: Raymond James raises target price to C$50 from C$35

Saputo Inc SAP.TO: Jefferies raises target price to C$47 from C$40

Silvercorp Metals Inc SVM.TO: Raymond James raises target price to C$17 from C$11

Skeena Resources Ltd SKE.TO: Raymond James raises target price to C$45 from C$30

Sprott Inc SII.TO: BMO raises target price to C$162 from C$143

Tantalus Systems Holding Inc GRID.TO: TD Cowen initiates coverage with buy rating

Tantalus Systems Holding Inc GRID.TO: TD Cowen initiates coverage with PT C$6.75

Teck Resources Ltd TECKb.TO: Raymond James cuts to market perform from outperform

Teck Resources Ltd TECKb.TO: Raymond James raises target price to C$70 from C$67

Torex Gold Resources Inc TXG.TO: Raymond James raises target price to C$82 from C$70

Triple Flag Precious Metals Corp TFPM.TO: BMO raises target price to C$51 from C$50

Triple Flag Precious Metals Corp TFPM.TO: Raymond James raises PT to C$56 from C$50

Trisura Group Ltd TSU.TO: TD Cowen raises target price to C$58 from C$55

Versamet Royalties Corp VMET.TO: Raymond James raises target price to C$17 from C$14.5

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