Canada Research Roundup: Aecon Group, Cascades, Interfor

Altus

11/07/2024 12:39

July 11 (Reuters) - Securities analysts revised their ratings and price targets on
several Canadian companies, including Aecon Group, Cascades and Interfor, on Thursday. 
    
    HIGHLIGHTS    
        
     * Aecon Group Inc  ARE.TO : CIBC cuts target price to C$22 from C$23
     * Cascades Inc  CAS.TO : RBC cuts target price to C$10 from C$11
     * Interfor Corp  IFP.TO : RBC cuts target price to C$24 from C$27
     * Saturn Oil & Gas Inc  SOIL.TO : National Bank of Canada initiates with sector perform rating
     * Strathcona Resources Ltd  SCR.TO : Scotiabank raises target price to C$42 from C$40
 
Following is a summary of research actions on Canadian companies reported by Reuters on
Thursday. Stock entries are in alphabetical order. 
     
     * Aecon Group Inc  ARE.TO : CIBC cuts target price to C$22 from C$23
                 * Agnico Eagle Mines Ltd (Ontario)  AEM.TO : Eight Capital raises PT to C$115 from
 C$105
 
                 * Altus Group Ltd  AIF.TO : TD Cowen raises target price to C$65 from C$55
 
                 * Barrick Gold Corp  ABX.TO : Eight Capital raises target price to C$38 from C$36
 
     * Canfor Corp  CFP.TO : RBC cuts target price to C$18 from C$19
     * Canfor Pulp Products Inc  CFX.TO : RBC cuts target price to C$1.25 from C$1.5
                 * Capstone Copper Corp  CS.TO : Eight Capital raises target price to C$14 from
 C$12.50
 
     * Cascades Inc  CAS.TO : RBC cuts target price to C$10 from C$11
     * D2L Inc  DTOL.TO : Canaccord Genuity raises target price to C$13.5 from C$12.5
                 * D2L Inc  DTOL.TO : Stifel raises target price to C$16 from C$14
 
     * Doman Building Materials Group Ltd  DBM.TO : RBC cuts target price to C$9 from C$10
                 * Ero Copper Corp  ERO.TO : Eight Capital raises target price to C$40 from C$30
 
                 * First Quantum Minerals Ltd  FM.TO : Eight Capital raises target price to C$22
 from C$17
 
                 * Foran Mining Corp  FOM.TO : Eight Capital raises target price to C$6.25 from C$6
 
                 * Hudbay Minerals Inc  HBM.TO : Eight Capital raises target price to C$18 from
 C$14.50
 
     * Interfor Corp  IFP.TO : RBC cuts target price to C$24 from C$27
                 * Kinross Gold Corp  K.TO : Eight Capital raises target price to C$15 from C$11
 
                 * Lithium Royalty Corp  LIRC.TO : TD Cowen cuts target price to C$8.50 from C$10
 
                 * Lundin Mining Corp  LUN.TO : Eight Capital raises target price to C$17.50 from
 C$16
 
                 * Montage Gold Corp  MAU.V : Stifel raises target price to C$2.20 from C$1.75
 
     * Northland Power Inc  NPI.TO : National Bank of Canada raises target to C$35 from C$34
     * Orezone Gold Corp  ORE.TO : Raymond James cuts target price to C$1.15 from C$1.4
     * Orezone Gold Corp  ORE.TO : Ventum Financial cuts target price to C$1.5 from C$1.7
                 * Osisko Development Corp  ODV.V : Eight Capital cuts target price to C$9 from C$11
 
     * Saturn Oil & Gas Inc  SOIL.TO : National Bank of Canada initiates with sector perform rating
     * Saturn Oil & Gas Inc  SOIL.TO : National Bank of Canada initiates with target price C$4
                 * Solaris Resources Inc  SLS.TO : Eight Capital cuts target price to C$15 from
 C$23.50
 
     * Strathcona Resources Ltd  SCR.TO : Scotiabank raises target price to C$42 from C$40
                 * Sun Life Financial Inc  SLF.TO : Evercore ISI cuts target price to C$75 from C$76
 
                 * Teck Resources Ltd  TECKb.TO : Eight Capital raises target price to C$75 from
 C$72
 
                 * Wesdome Gold Mines Ltd  WDO.TO : Eight Capital raises target price to C$15 from
 C$12
 
     * Western Forest Products Inc  WEF.TO : RBC cuts target price to C$0.7 from C$0.8
     * Wheaton Precious Metals Corp  WPM.TO : Eight Capital raises target price to C$95 from C$85
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))