Canada Research Roundup: ARC Resources, Cenovus Energy, Lundin Gold

Paramount Resources (Pre-Merger)

22/04/2024 07:53

April 22 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian
companies, including ARC Resources, Cenovus Energy and Lundin Gold, on Monday. 
    
    HIGHLIGHTS    

                 * ARC Resources Ltd  ARX.TO : CIBC raises target price to C$30 from
 C$26 
 
                 * Cenovus Energy Inc  CVE.TO : CIBC raises target price to C$35 from
 C$31 
 
                 * Lundin Gold Inc  LUG.TO : Jefferies raises target price to C$23
 from C$19 
 
                 * Prairiesky Royalty Ltd  PSK.TO : CIBC cuts to neutral from
 outperformer 
 
                 * Suncor Energy Inc  SU.TO : CIBC raises target price to C$65.00
 from C$60.00 
 
 
Following is a summary of research actions on Canadian companies reported by Reuters on Monday. Stock entries
are in alphabetical order. 
   
                 * Advantage Energy Ltd  AAV.TO : CIBC raises target price to C$11 from C$10.5
 
                 * Altius Minerals Corp  ALS.TO : Canaccord Genuity raises PT to C$24.5 from C$24
 
                 * ARC Resources Ltd  ARX.TO : CIBC raises target price to C$30 from C$26
 
                 * Baytex Energy Corp  BTE.TO : CIBC raises target price to C$6.5 from C$6
 
                 * Calibre Mining Corp  CXB.TO : Jefferies raises target price to C$2.25 from C$2
 
                 * Canadian Natural Resources Ltd  CNQ.TO : CIBC raises target price to C$115 from C$105
 
                 * Cardinal Energy Ltd (Alberta)  CJ.TO : CIBC raises target price to C$8.5 from C$8
 
                 * Cenovus Energy Inc  CVE.TO : CIBC raises target price to C$35 from C$31
 
                 * Crescent Point Energy Corp  CPG.TO : CIBC raises target price to C$15 from C$14
 
                 * Enerflex Ltd  EFX.TO : CIBC raises target price to C$9 from C$8
 
                 * Ensign Energy Services Inc  ESI.TO : CIBC raises target price to C$3.75 from C$3.25
 
                 * G Mining Ventures Corp  GMIN.TO : Jefferies raises target price to C$2.25 from C$2
 
                 * GFL Environmental Inc  GFL.TO : National Bank of Canada cuts PT to C$55 from C$56
 
                 * Goviex Uranium Inc  GXU.V : Eight Capital cuts target price to C$0.3 from C$0.7
 
                 * Imperial Oil Ltd  IMO.TO : CIBC raises target price to C$105 from C$90
 
                 * Kelt Exploration Ltd  KEL.TO : CIBC raises target price to C$8.5 from C$8
 
                 * Lucero Energy Corp  LOU.V : CIBC raises target price to C$0.75 from C$0.70
 
                 * Lundin Gold Inc  LUG.TO : Jefferies raises target price to C$23 from C$19
 
                 * Maple Leaf Foods  MFI.TO : National Bank of Canada initiates coverage with outperform rating
 
                 * Maple Leaf Foods  MFI.TO : National Bank of Canada initiates coverage with PT C$29
 
                 * MEG Energy Corp  MEG.TO : CIBC raises target price to C$34.00 from C$30.00
 
                 * Nuvista Energy Ltd  NVA.TO : CIBC raises target price to C$16.50 from C$15.50
 
                 * Oceanagold Corp  OGC.TO : Jefferies raises target price to C$4 from C$3.5
 
                 * Paramount Resources Ltd  POU.TO : CIBC raises target price to C$35 from C$30
 
                 * Parkland Corp  PKI.TO : National Bank of Canada raises target price to C$52 from C$49
 
                 * Prairiesky Royalty Ltd  PSK.TO : CIBC cuts to neutral from outperformer
 
                 * Prairiesky Royalty Ltd  PSK.TO : CIBC raises target price to C$31.00 from C$27.50
 
                 * Precision Drilling Corp  PD.TO : CIBC raises target price to C$130.00 from C$110.00
 
                 * Secure Energy Services Inc  SES.TO : CIBC raises target price to C$12.00 from C$11.00
 
                 * Spartan Delta Corp  SDE.TO : CIBC raises target price to C$4.00 from C$3.75
 
                 * Strathcona Resources Ltd  SCR.TO : CIBC raises target price to C$40.00 from C$35.00
 
                 * Suncor Energy Inc  SU.TO : CIBC raises target price to C$65.00 from C$60.00
 
                 * Tamarack Valley Energy Ltd  TVE.TO : CIBC raises target price to C$5.25 from C$4.50
 
                 * Topaz Energy Corp  TPZ.TO : CIBC raises target price to C$26.00 from C$24.00
 
                 * Tourmaline Oil  TOU.TO : CIBC raises target price to C$77.50 from C$72.50
 
                 * Whitecap Resources Inc  WCP.TO : CIBC raises target price to C$15.00 from C$14.00
 
                 * Wishpond Technologies Ltd  WISH.V : Canaccord Genuity cuts PT to C$1.25 from C$2
 
 

 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))