Canada Research Roundup: Bank of Montreal, RBC, Wesdome Gold Mines

Royal Bank of Canada

01/06/2026 12:18

       June 1 (Reuters) - Securities analysts revised their ratings and price targets on
several Canadian companies including Bank of Montreal, RBC and Wesdome Gold Mines on Monday.
     
    HIGHLIGHTS    
     
  
     * Bank of Montreal  BMO.TO : Scotiabank raises to sector outperform from sector perform
                 * NFI Group Inc  NFI.TO : Canaccord Genuity initiates coverage with price target C$29
 
     * RBC  RY.TO : Scotiabank raises target price to C$275 from C$252 
     * Storagevault Canada Inc  SVI.TO : Raymond James raises to strong buy from outperform
     * Wesdome Gold Mines Ltd  WDO.TO : Canaccord Genuity raises to buy from hold
      
  
Following is a summary of research actions on Canadian companies reported by Reuters on Monday.
Stock entries are in alphabetical order. 

     * Bank of Montreal  BMO.TO : Scotiabank raises target price to C$234 from C$209 
     * Bank of Montreal  BMO.TO : Scotiabank raises to sector outperform from sector perform
     * Bitcoin Treasury Corp  BTCT.V : Canaccord Genuity resumes coverage with target price C$7 
     * Bitcoin Treasury Corp  BTCT.V : Canaccord Genuity resumes coverage with speculative buy rating
     * Canadian Imperial Bank of Commerce  CM.TO : Barclays raises PT to C$144 from C$141 
     * CIBC  CM.TO : Scotiabank cuts target price to C$155 from C$159 
     * CIBC  CM.TO : Scotiabank cuts to sector perform from sector outperform
                 * NFI Group Inc  NFI.TO : Canaccord Genuity initiates coverage with price target C$29
 
                 * NFI Group Inc  NFI.TO : Canaccord Genuity initiates coverage with buy rating
 
     * RBC  RY.TO : Scotiabank raises target price to C$275 from C$252 
     * Storagevault Canada Inc  SVI.TO : Raymond James cuts target price to C$5.25 from C$5.5 
     * Storagevault Canada Inc  SVI.TO : Raymond James raises to strong buy from outperform
     * TD Bank Group  TD.TO : Scotiabank raises target price to C$165 from C$150 
     * Wesdome Gold Mines Ltd  WDO.TO : Canaccord Genuity raises target price to C$31 from C$30 
     * Wesdome Gold Mines Ltd  WDO.TO : Canaccord Genuity raises to buy from hold
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))