Canada Research Roundup: Cenovus Energy, Topaz Energy, Western Copper and Gold

Baytex Energy

01/10/2024 20:55

Oct 1 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian
companies, including Cenovus Energy, Topaz Energy and Western Copper and Gold, on Tuesday. 
    
    HIGHLIGHTS   
     * BCE Inc  BCE.TO : National Bank of Canada cuts target price to C$48 from C$52
     * Cenovus Energy Inc  CVE.TO : TD Cowen cuts target price to C$31 from C$33
     * Nuvista Energy Ltd  NVA.TO : TD Cowen cuts target price to C$16 from C$17
     * Topaz Energy Corp  TPZ.TO : TD Cowen raises target price to C$28 from C$27
     * Western Copper and Gold  WRN.TO : National Bank of Canada initiates coverage with outperform rating 
 
Following is a summary of research actions on Canadian companies reported by Reuters on Tuesday. Stock entries
are in alphabetical order.     
    
     * Advantage Energy Ltd  AAV.TO : TD Cowen cuts target price to C$13 from C$14
     * AGF Management Ltd  AGFb.TO : TD Cowen raises PT to C$11 from C$10
     * Alamos Gold Inc  AGI.TO : BofA Global Research raises PT to C$32 from C$28
     * ARC Resources Ltd  ARX.TO : TD Cowen cuts target price to C$30 from C$31
                 * Aritzia Inc  ATZ.TO : RBC raises target price to C$56 from C$47 
 
     * Athabasca Oil Corp  ATH.TO : TD Cowen cuts target price to C$5.5 from C$6
     * B2Gold Corp  BTO.TO : BofA Global Research cuts PT to C$5.2 from C$5.5
     * Baytex Energy Corp  BTE.TO : TD Cowen cuts target price to C$5.5 from C$6
     * BCE Inc  BCE.TO : National Bank of Canada cuts target price to C$48 from C$52
     * BCE Inc  BCE.TO : National Bank of Canada cuts to sector perform from outperform
     * Birchcliff Energy Ltd  BIR.TO : TD Cowen cuts target price to C$5 from C$5.5
     * Bombardier  BBDb.TO : UBS raises target price to C$60 from C$56
     * Canadian Natural Resources Ltd  CNQ.TO : TD Cowen cuts target price to C$56 from C$60
     * Cenovus Energy Inc  CVE.TO : TD Cowen cuts target price to C$31 from C$33
     * Cenovus Energy Inc  CVE.TO : UBS cuts target price to C$33 from C$35
     * Centerra Gold Inc  CG.TO : BofA Global Research raises PT to C$10.15 from C$9
     * Dolly Varden Silver Corp  DV.V : Raymond James raises PT to C$1.60 from C$1.25
     * Eldorado Gold Corp  ELD.TO : BofA Global Research raises PT to C$19.8 from C$17.5
     * First Quantum Minerals Ltd  FM.TO : BofA Global Research raises PT to C$22 from C$20.25
     * Franco-Nevada Corp  FNV.TO : BofA Global Research cuts PT to C$188 from C$195
     * Franco-Nevada Corp  FNV.TO : BofA Global Research cuts to neutral from buy
     * IAMGOLD Corp  IMG.TO : BofA Global Research raises price objective to C$8.9 from C$8.75
     * Ivanhoe Mines Ltd  IVN.TO : BofA Global Research raises PT to C$26 from C$21
     * Lundin Mining Corp  LUN.TO : BofA Global Research cuts price objective to C$17 from C$19
     * Metalla Royalty & Streaming  MTA.V : Canaccord Genuity initiates coverage with buy rating 
     * Metalla Royalty & Streaming  MTA.V : Canaccord Genuity initiates coverage with PT C$7.25
     * New Gold Inc  NGD.TO : BofA Global Research raises price objective to C$3.35 from C$2.6
     * Nuvista Energy Ltd  NVA.TO : TD Cowen cuts target price to C$16 from C$17
     * Peyto Exploration & Development Corp  PEY.TO : TD Cowen cuts PT to C$18 from C$19
     * Prairiesky Royalty Ltd  PSK.TO : TD Cowen cuts target price to C$25 from C$26
     * Strathcona Resources Ltd  SCR.TO : TD Cowen cuts PT to C$30 from C$34
     * Suncor Energy Inc  SU.TO : TD Cowen raises target price to C$60 from C$59
     * Teck Resources Ltd  TECKb.TO : BofA Global Research raises PT to C$88 from C$86
     * Topaz Energy Corp  TPZ.TO : TD Cowen raises target price to C$28 from C$27
     * Triple Flag Precious Metals  TFPM.TO : BofA Global Research cuts PT to C$27 from C$28
     * Vermilion Energy Inc  VET.TO : TD Cowen cuts target price to C$18 from C$20
     * Western Copper and Gold  WRN.TO : National Bank of Canada initiates coverage with outperform rating 
     * Western Copper and Gold  WRN.TO : National Bank of Canada initiates coverage with PT C$3.50
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))