Canada Research Roundup: ARC Resources ,First Nordic Metals, Tantalus Systems

New Found Gold

26/03/2025 12:50

March 26 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including ARC Resources ,First Nordic Metals and Tantalus Systems Holding on Wednesday.

HIGHLIGHTS

* ARC Resources Ltd ARX.TO: UBS raises target price to C$39 from C$37
* First Nordic Metals Corp FNM.V: Ventum Financial initiates coverage with buy rating
* Tantalus Systems Holding Inc GRID.TO: Raymond James initiates coverage with outperform rating

Following is a summary of research actions on Canadian companies reported by Reuters

on Wednesday. Stock entries are in alphabetical order.

* ARC Resources Ltd ARX.TO: UBS raises target price to C$39 from C$37
* BRP Inc DOO.TO: National Bank of Canada cuts target price to C$65 from C$72
* First Nordic Metals Corp FNM.V: Ventum Financial initiates coverage with PT C$1.45
* First Nordic Metals Corp FNM.V: Ventum Financial initiates coverage with buy rating
* HLS Therapeutics Inc HLS.TO: Stifel raises target price to C$4 from C$3.5
* New Found Gold Corp NFG.V: BMO cuts target price to C$4 from C$10
* New Gold Inc NGD.TO: BofA Global Research raises price objective to C$5.45 from C$3.65 -
* New Gold Inc NGD.TO: BofA Global Research raises to buy from underperform
* Tantalus Systems Holding Inc GRID.TO: Raymond James initiates coverage with PT C$3.25
* Tantalus Systems Holding Inc GRID.TO: Raymond James initiates coverage with outperform rating
* Wesdome Gold Mines Ltd WDO.TO: National Bank of Canada raises PT to C$22 from C$19.75

 (Compiled by Bengaluru Newsroom)

 ((Diaries@thomsonreuters.com))