Canada Research Roundup: First Quantum, Ia Financial Corporation, Mullen Group

iA Financial

08/01/2026 07:28

Jan 8 (Reuters) - 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

 (Compiled by Bengaluru Newsroom)

 ((Diaries@thomsonreuters.com))