logo
Canadian Analyst Coverage Updates: June 30th, 2025

Canadian Analyst Coverage Updates: June 30th, 2025

Globe and Mail2 days ago
Analyst Updates (Canada)
Advantage Energy Ltd. (AAV:CA) had its price target raised to $12.00 by RBC Capital Markets, with the firm maintaining a Sector Perform rating.
Air Canada (AC:CA) received a target price update to $25.00 from Citigroup, which reaffirmed its Buy rating.
Air Canada (AC:CA) also saw Morningstar maintain an Underperform rating with a target of $17.50.
ARC Resources (ARX:CA) had its target price updated to $34.00 by RBC Capital, which kept a Buy rating.
Avino Silver & Gold (ASM:CA) received a target update to $3.50 from Roth MKM, maintaining a Hold rating.
Birchcliff Energy Ltd. (BIR:CA) had its price target raised to $8.00 by RBC Capital Markets, maintaining an Outperform rating.
Freehold Royalties (FRU:CA) had its target updated to $17.00 by RBC Capital, with a continued Buy rating.
Guanajuato Silver Company (GSVR:CA) received a target update from Roth MKM to $0.45, reiterating a Buy rating.
Headwater Exploration (HWX:CA) had its target updated to $9.00 by RBC Capital, keeping a Hold rating.
Hudbay Minerals (HBM:CA) received a new target of $17.00 from Raymond James, maintaining a Buy rating.
Kelt Exploration Ltd. (KEL:CA) saw its target price raised to $8.50 by RBC Capital Markets, with an Outperform rating.
Kiwetinohk Energy Corp. (KEC:CA) had its target increased to $21.00 by RBC Capital Markets, with an Outperform rating maintained.
MAG Silver (MAG:CA) received a price target update to $21.00 from Roth MKM, maintaining a Hold rating.
NuVista Energy Ltd. (NVA:CA) had its target raised to $16.00 by RBC Capital Markets, continuing with a Sector Perform rating.
Paramount Resources (POU:CA) received a target update from RBC Capital to $23.00, holding a Hold rating.
Peyto Exploration & Dev (PEY:CA) had its target revised to $21.00 by RBC Capital, maintaining a Hold rating.
PrairieSky Royalty (PSK:CA) saw its target increased to $35.00 by RBC Capital, maintaining a Buy rating.
Rogers Communications Inc. (RCI-B:CA) received a target update to $53.00 from National Bank, which reiterated its Outperform rating.
Silvercorp Metals (SVM:CA) had its target raised to $6.75 by Roth MKM, maintaining a Buy rating.
Strathcona Resources Ltd. (SCR:CA) received a new target of $42.00 from National Bank, with an Outperform rating.
Tamarack Valley Energy Ltd. (TVE:CA) had its price target raised to $6.00 by RBC Capital Markets, keeping an Outperform rating.
TC Energy Corporation (TRP:CA) saw Scotiabank maintain an Outperform rating with a price target of $77.00.
Tecsys Inc. (TCS:CA) had its price target lowered to $47.00 by Ventum Financial, while maintaining a Buy rating.
Telus (T:CA) received a price target update to $22.00 from Bank of America Securities, keeping a Hold rating.
Topaz Energy Corp (TPZ:CA) had its target updated to $32.00 by RBC Capital, reaffirming a Buy rating.
Tourmaline Oil (TOU:CA) received a new target of $78.00 from RBC Capital, maintaining its Buy stance.
Vizsla Royalties Corp. (VROY:CA) had its Outperform rating maintained by CIBC World Markets, with a target price of $4.00.
Whitecap Resources (WCP:CA) saw its target price updated to $14.00 by RBC Capital, which kept a Buy rating.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

BMO's Top 15 North American Income stock list sees four changes
BMO's Top 15 North American Income stock list sees four changes

Globe and Mail

time9 minutes ago

  • Globe and Mail

BMO's Top 15 North American Income stock list sees four changes

Daily roundup of research and analysis from The Globe and Mail's market strategist Scott Barlow RBC Capital Markets analyst Sam Crittenden assesses the copper mining stocks after a rally in the commodity price, 'Equity valuations have risen, coming closer to historical averages: North American copper equities under coverage are up 14 per cent year-to-date, significantly outperforming the LME copper price up 4 per cent despite materially underperforming in Q1. As a result, the equities are trading closer to historical valuations at 0.8 times NAVPS [net asset value per share] at spot (1.0 times at RBC estimates), 5.6 times NTM [next 12-month] EBITDA vs. 10Y average of 0.8 times NAVPS and 5.7 times NTM [next 12 months] EBITDA. We estimate our large producers under coverage will generate 0-per-cent FCF/EV yield in 2025 (3 per cent in 2026) and intermediate producers to generate 5-per-cent FCF/EV in 2025 (10 per cent in 2026) at spot. We see an attractive set-up for selected equities ahead of our positive medium-term outlook. Preferred names: Hudbay as they continue to demonstrate strong FCF and de-risk Copper World, Capstone as they execute on a production and FCF inflection, while any progress in Panama could be positive for First Quantum' *** BMO strategist Brian Belski updated performance on the Top 15 North Amrrican Income picks. He emphasizes they should not be looked at as a portfolio, but the best ideas of BMO analysts. There were four recent changes to the list – Essex Property Trust and Evergy were added at the expense of BXP and NiSource. The 15 stocks are AbbVie (ABBV), Amgen (AMGN), Brookfield Infrastructure Partners (BIP), Canadian Natural Res. (CNQ), Cenovus Energy (CVE), Emera (EMA), Essex Property (ESS), Entergy (ETR), Evergy, Inc., Manulife Financial (MFC), National Bank (NA), Pembina Pipeline Income Fund (PPL), Restaurant Brands Intl (QSR), Rogers Comm. (RCI.B) and Royal Bank (RY). *** National Bank chief economist and strategist Stéfane Marion thinks the federal government should make small steps to 'make Canada investable again', 'The lesson for Canada's economic strategy is clear: Ottawa must keep its eye on the ball by focusing on high-probability policy plays, rather than concentrating solely on rare moonshots. Such high-probability measures include streamlining regulation, accelerating project approvals, providing clear and bankable incentives for private capital, and investing in foundational infrastructure … This work is part of our broader vision to Make Canada Investable Again (MCIA)—an effort to close Canada's persistent valuation gap, rebuild industrial competitiveness, and re-attract long-term private capital' 'Canada's RBI Playbook: Base Hits to Make Canada Investable Again: #1' - National Bank Economics *** Bluesky post of the day: Diversion: 'Late-Night Cheese May Fuel Nightmares – New Study Explains How' – SciTechDaily

Tidewater selling Sylvan Lake gas processing facility to Parallax for $5.5M
Tidewater selling Sylvan Lake gas processing facility to Parallax for $5.5M

CTV News

time14 minutes ago

  • CTV News

Tidewater selling Sylvan Lake gas processing facility to Parallax for $5.5M

Tidewater Midstream and Infrastructure plans to sell its Sylvan Lake gas processing facility. CALGARY — Tidewater Midstream and Infrastructure Ltd. has signed a deal to sell its Sylvan Lake gas processing facility to Parallax Energy Operating Inc. for $5.5 million. The company says the facility is a non-core asset located in central Alberta. Proceeds from the sale are expected to be used to repay debt. Tidewater chief executive Jeremy Baines says the sale represents another milestone for the company as it looks to optimize its asset portfolio and improve financial flexibility. The sale is expected to have an immaterial impact on Tidewater's 2025 operating results. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions and regulatory approvals. This report by The Canadian Press was first published July 3, 2025.

Inside Calgary's 5 most expensive homes for sale right now (July 2025)
Inside Calgary's 5 most expensive homes for sale right now (July 2025)

CTV News

time15 minutes ago

  • CTV News

Inside Calgary's 5 most expensive homes for sale right now (July 2025)

The Calgary Real Estate Board says home sales in the city decreased 16.5 per cent in June compared with last year as higher levels of new listings led to inventory gain. The board says 2,286 homes changed hands last month, with declines recorded across all property types year-over-year. CREB chief economist Ann-Marie Lurie says sales decreases come as supply has improved across rental, resale and new home markets, allowing for more choice as inventory returned to levels reported in 2021 before a population surge. There were 4,223 new listings on the market last month, up 11.2 per cent from a year earlier, as the city's inventory reached 6,941 homes for sale — an 83.2 per cent increase. Lurie says additional choice in the market — combined with stagnant lending rates, persistent uncertainty and concerns of price adjustments — is keeping many potential buyers on the sidelines, which 'is weighing on home prices, especially for apartment and row style homes.' The residential benchmark price was $586,200 last month, marking a 3.6 per cent decrease from June 2024 levels. Dreaming of owning a lavish new home? Here are the city's five most expensive already-constructed residential homes for sale as of July 2, 2025, according to $13.5M mansion on Crescent Road Calgary home - 732 Crescent Road N.W. Inside 732 Crescent Road N.W. (CIR Realty/Krista Legue) Calgary most expensive home for sale is a mansion sitting on a prestigious stretch of road in the city's northwest. The 8,700-square-foot home was built in 2022 by Maillot Homes and features six total bedrooms (four above grade and two below), 10 bathrooms and three half-baths. Calgary home - 732 Crescent Road N.W. - living room Inside 732 Crescent Road N.W. (CIR Realty/Krista Legue) The home is seated along Crescent Road N.W, in the community of Rosedale, and features an unobstructed view of the city's downtown skyline. The outside of the mansion is clad in white Turkish limestone, while the inside was decorated by Julie Lanctot at Paul Lavoie Interior Design, who took inspiration from Alice in Wonderland. Calgary home - 732 Crescent Road N.W. - library Inside 732 Crescent Road N.W. (CIR Realty/Krista Legue) The 2.5-storey home is located at 732 Crescent Road N.W. It has been listed on for 47 days. $7.25M Eagle Ridge bungalow 40 Eagle Ridge Place S.W. A look at 40 Eagle Ridge Place S.W. in Calgary, Alta. ( This gated home in Eagle Ridge sits on a sprawling double lot. Built in 1971, the home has four above-grade bedrooms and one below grade, plus seven bathrooms. 'Once you step inside past the hand-chiselled walnut doors, you are greeted by a grand foyer that sets the tone for the splendor that awaits,' states the listing. 40 Eagle Ridge Place A look at 40 Eagle Ridge Place S.W. in Calgary. ( 'The main rooms are nothing short of magnificent, boasting expansive dimensions and exquisite finishes.' The home may be of interest to culinary enthusiasts due to its walk-in cooler, gas cooktop, double ovens and commercial-grade appliances. 'Whether you're hosting a grand gala or preparing an intimate meal for loved ones, this culinary haven is sure to impress.' 40 Eagle Ridge Place S.W. A look at 40 Eagle Ridge Place S.W. in Calgary, Alta. ( The bungalow is located at 40 Eagle Ridge Pl. S.W. It has been listed on for 273 days. $6.9 M historical mansion in Upper Mount Royal 930 Prospect Avenue S.W. - 6 930 Prospect Avenue S.W. in Calgary. ( This historic mansion, known as the 'Burns Residence,' is in Upper Mount Royal. The 5,298-square-foot home was built in 1912 and originally owned by Alfred Price, a superintendent with the Canadian Pacific Railway. 930 Prospect Avenue S.W. - 2 930 Prospect Avenue S.W. in Calgary. ( Aside from serving as the home for several notable and influential Calgarians, the residence sits on a sprawling half-acre lot surrounded by mature trees and lush landscaping. The three-storey home has five bedrooms, six full bathrooms and three half-baths. 930 Prospect Avenue S.W. - 8 930 Prospect Avenue S.W. in Calgary. ( One of the mansion's biggest draws may be the pool; it's situated near a glass cabana that can serve as a bar area or greenhouse. The home is located at 930 Prospect Ave. S.W. It has been listed on for 22 days. $6.5M mansion in Upper Mount Royal 1118 Premier Way SW A look at 1118 Premier Way S.W. in Calgary, Alta. (Mary Lou McCormick homes) This mansion in Upper Mount Royal was built in 2014 and includes five total bedrooms (four above grade and one below grade) and eight total bathrooms (six full and two half-baths). The fully furnished home is 5,098 square feet and, according to the listing on offers 'the ultimate blend of family functionality and elevated entertaining.' 1118 Premier Way SW A look at 1118 Premier Way S.W. in Calgary, Alta. (Mary Lou McCormick homes) 'From the moment you step inside, you're greeted by a dramatic grand staircase set beneath an expansive skylight, flooding the entry with natural light and setting the stage for the architectural elegance found throughout,' states the listing. 'Every space is a masterclass in luxury, designed by renowned interior designer Paul Lavoie and awarded Western Living's Best Home of the Year in 2022.' 1118 Premier Way SW A look at 1118 Premier Way S.W. in Calgary, Alta. (Mary Lou McCormick homes) The two-storey home is located at 1118 Premier Way S.W. It has been listed on for 47 days. $6M Upper Mount Royal mansion 2906 Marquette Street S.W. A look at 2906 Marquette Street S.W. in Calgary, Alta. ( Built in 2009, this Upper Mount Royal mansion features a swim-in-place lap pool with an underwater treadmill, an elevator, a heated driveway and a theatre. The home, described by the listing as private and secure, overlooks Cartier Park. 'This exceptional residence seamlessly combines style and sophistication and luxurious amenities,' states the listing. 2906 Marquette Street S.W. - 3 A look at 2906 Marquette Street SW in Calgary, Alta. ( 'The welcoming front entrance leads to a dramatic free-standing staircase, ascending to the main floor's spacious living room, boasting sweeping views and a double-sided gas fireplace shared with a cozy family room.' The home is 5,289 square feet with four bedrooms and six bathrooms. The garage has room for five cars and includes a rotating platform and a Tesla electric charger. 2906 Marquette Street S.W. - 4 A look at 2906 Marquette Street SW in Calgary, Alta. ( Not only is the driveway heated, but so are the front stairs and the walkway. The three-storey home is located at 2906 Marquette Street S.W. It has been listed on for 23 days. - With files from The Canadian Press

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store