Canada Research Roundup: Barrick Gold, Franco-Nevada, Tourmaline Oil

SmartCentres Real Estate Investment Trust

07/05/2020 09:58

May 7 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Barrick Gold, Franco-Nevada and Tourmaline Oil, on Thursday. 
    
    HIGHLIGHTS    
     * Algoma Central Corp  ALC.TO : Canaccord Genuity cuts price target to C$14 from C$18
     * Barrick Gold Corp  ABX.TO : Eight Capital raises target price to C$45 from C$40
     * Franco-Nevada Corp  FNV.TO : CIBC raises target price to C$220 from C$195
     * Sun Life Financial Inc  SLF.TO : RBC raises to outperform from sector perform
     * Tourmaline Oil Corp  TOU.TO : National Bank of Canada raises PT to C$22.50 from C$20
        
Following is a summary of research actions on Canadian companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.      
           
     * Absolute Software  ABT.TO : TD Securities raises target price to C$10.50 from C$9.50
     * Acadian Timber Corp  ADN.TO : Scotiabank cuts target price to C$17 from C$18
     * AG Growth International  AFN.TO : National Bank of Canada raises PT to C$35 from C$30
     * Alaris Royalty Corp  AD.TO : Scotiabank raises target price to C$9 from C$8.50
     * Algoma Central Corp  ALC.TO : Canaccord Genuity cuts price target to C$14 from C$18
     * Barrick Gold Corp  ABX.TO : Cormark Securities raises target price to C$45 from C$40
     * Barrick Gold Corp  ABX.TO : Eight Capital raises target price to C$45 from C$40
     * Black Diamond Group Ltd  BDI.TO : CIBC cuts target price to C$2 from C$2.25
     * Boralex Inc  BLX.TO : BMO raises target price to C$32 from C$27
     * Boralex Inc  BLX.TO : National Bank of canada raises target price to C$32.50 from C$30
     * Boralex Inc  BLX.TO : RBC raises target price to C$33 from C$28
     * Boralex Inc  BLX.TO : TD Securities raises target price to C$34 from C$33
     * CI Financial  CIX.TO : Canaccord Genuity raises target price to C$18 from C$17
     * CI Financial  CIX.TO : RBC raises target price to C$17 from C$16
     * CI Financial  CIX.TO : Scotiabank raises target price to C$17 from C$16
     * CI Financial  CIX.TO : TD Securities raises to buy from hold; ups PT to C$18 from C$15
     * Crescent Point Energy Corp  CPG.TO : BMO raises target price to C$2.50 from C$2
     * Crescent Point Energy Corp  CPG.TO : Cormark Securities cuts target to C$2.75 from C$3
     * Crescent Point Energy Corp  CPG.TO : Scotiabank raises target to C$2.50 from C$2.25
     * CT Real Estate Investment Trust  CRT_u.TO : Scotiabank cuts target to C$15 from C$17
     * Dream Industrial REIT  DIR_u.TO : CIBC cuts target price to C$11.5 from C$12
     * Dream Industrial REIT  DIR_u.TO : Scotiabank cuts target price to C$12 from C$14.75
     * Exchange Income Corp  EIF.TO : TD Securities cuts target price to C$30 from C$38
     * First Capital REIT  FCR_u.TO : Canaccord Genuity cuts target price to C$17.50 from C$20
     * First Capital REIT  FCR_u.TO : CIBC cuts target price to C$18 from C$20.5
     * Fortis Inc  FTS.TO : BMO raises target price to C$56 from C$55
     * Fortis Inc  FTS.TO : CIBC raises target price to C$58 from C$57
     * Fortis Inc  FTS.TO : UBS raises target price to C$59 from C$58
     * Franco-Nevada Corp  FNV.TO : BMO raises target price to C$158 from C$154
     * Franco-Nevada Corp  FNV.TO : CIBC raises target price to C$220 from C$195
     * Frontera Energy Corp  FEC.TO : BMO cuts price target to C$5 from C$6
     * Frontera Energy Corp  FEC.TO : Eight Capital cuts price target to C$2 from C$4
     * Frontera Energy Corp  FEC.TO : Eight Capital cuts to sell from neutral
     * Frontera Energy Corp  FEC.TO : Eight Capital cuts target price to C$2 from C$4
     * Genworth MI Canada Inc  MIC.TO : BMO cuts price target to C$35 from C$38
     * Genworth MI Canada Inc  MIC.TO : TD Securities cuts target price to C$37 from C$39
     * Great-West Lifeco Inc  GWO.TO : TD Securities cuts target price to C$28 from C$29
     * Heroux Devtek Inc  HRX.TO : Scotiabank cuts target price to C$13 from C$14.5
     * Imperial Oil Ltd  IMO.TO : TD Securities raises target price to C$22 from C$18
     * Intact Financial Corp  IFC.TO : BMO raises target price to C$160 from C$155
     * Intact Financial Corp  IFC.TO : National Bank of Canada raises PT to C$151 from C$129
     * Intact Financial Corp  IFC.TO : Scotiabank raises target price to C$150 from C$148
     * International Petroleum Corp  IPCO.TO : Scotiabank cuts target price to C$3 from C$3.25
     * Jamieson Wellness Inc  JWEL.TO : CIBC raises target price to C$36 from C$36
     * Kinaxis Inc  KXS.TO : Eight Capital raises target price to C$175 from C$125
     * Kinaxis Inc  KXS.TO : Scotiabank raises price target to C$177 from C$140
     * Manulife Financial Corp  MFC.TO : TD Securities raises target price to C$28 from C$27
     * Morguard Corp  MRC.TO : CIBC cuts target price to C$195 from C$225
     * Morguard Corp  MRC.TO : RBC cuts target price to C$180 from C$223
     * North American Construction Group  NOA.TO : Canaccord Genuity cuts PT to C$16 from C$20
     * Painted Pony Energy Ltd  PONY.TO : Canaccord Genuity raises PT to C$1 from C$0.40
     * Painted Pony Energy Ltd  PONY.TO : Scotiabank raises target price to C$1 from C$0.75
     * Painted Pony Energy Ltd  PONY.TO : TD Securities cuts speculative buy from buy 
     * Painted Pony Energy Ltd  PONY.TO : TD Securities raises target price to C$1.25 from C$1
     * Parkland Fuel Corp  PKI.TO : RBC raises target price to C$38 from C$35
     * Pollard Banknote Ltd  PBL.TO : Canaccord Genuity raises price target to C$19 from C$18
     * Premier Gold Mines Ltd  PG.TO : Scotiabank cuts target price to C$3.75 from C$4
     * Real Matters Inc  REAL.TO : BMO raises price target to C$23
     * Real Matters Inc  REAL.TO : Canaccord Genuity raises target price to C$25 from C$17
     * Real Matters Inc  REAL.TO : Cormark Securities raises target price to C$25 from C$23
     * Real Matters Inc  REAL.TO : Scotiabank raises target price to C$19 from C$14
     * Real Matters Inc  REAL.TO : TD Securities raises target price to C$26 from C$18
     * Riocan REIT  REI_u.TO : National Bank of Canada cuts target price to C$20 from C$24
     * Rogers Sugar Inc  RSI.TO : Scotiabank cuts target price to C$5 from C$5.25
     * Smartcentres Real Estate Investment Trust  SRU_u.TO : CIBC cuts target to C$27 from C$30.5
     * Smartcentres REIT  SRU_u.TO : CIBC cuts target price to C$27 from C$30.5
     * Spin Master Corp  TOY.TO : National Bank of Canada cuts target price to C$20 from C$24
     * Stelco Holdings Inc  STLC.TO : Credit Suisse cuts target price to C$10 from C$12
     * Sun Life Financial Inc  SLF.TO : BMO raises price target to C$56
     * Sun Life Financial Inc  SLF.TO : Canaccord Genuity raises target price to C$52 from C$50
     * Sun Life Financial Inc  SLF.TO : CIBC raises target price to C$59 from C$57
     * Sun Life Financial Inc  SLF.TO : RBC cuts target price to C$61 from C$63
     * Sun Life Financial Inc  SLF.TO : RBC raises to outperform from sector perform
     * Sun Life Financial Inc  SLF.TO : Scotiabank raises target price to C$60 from C$58
     * Suncor Energy Inc  SU.TO : Evercore ISI cuts target price to C$28 from C$40
     * Surge Energy Inc  SGY.TO : Cormark Securities cuts target price to C$0.40 from C$0.50
     * Surge Energy Inc  SGY.TO : Cormark Securities cuts to market perform from buy 
     * Tervita Corp  TEV.TO : National Bank of Canada cuts target price to C$4.75 from C$7
     * Torex Gold Resources  TXG.TO : Scotiabank raises target price to C$32 from C$29
     * Torex Gold Resources  TXG.TO : Scotiabank raises to sector outperform from sector perform 
     * Torstar Corp  TSb.TO : RBC cuts target price to C$0.50 from C$1
     * Tourmaline Oil Corp  TOU.TO : BMO raises price target to C$20
     * Tourmaline Oil Corp  TOU.TO : Canaccord Genuity raises target price to C$17 from C$14.50
     * Tourmaline Oil Corp  TOU.TO : National Bank of Canada raises PT to C$22.50 from C$20
     * Tourmaline Oil Corp  TOU.TO : RBC raises target price to C$16 from C$15
     * Trisura Group Ltd  TSU.TO : TD Securities raises target price to C$54 from C$53
     * Wesdome Gold Mines Ltd  WDO.TO : BMO raises price target to C$12.75 from C$10.50
     * Western Forest Products Inc  WEF.TO : Scotiabank cuts target price to C$1.25 from C$1.50
            

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