Canada Research Roundup: Baytex Energy, Enerplus, Freehold Royalties

Adventus Mining

09/06/2021 08:23

June 9 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Baytex Energy, Enerplus and Freehold Royalties, on Wednesday. 
    
    HIGHLIGHTS    
     * Baytex Energy Corp  BTE.TO : Scotiabank raises to sector perform from sector underperform 
     * Enerplus Corp  ERF.TO : Scotiabank cuts to sector perform from sector outperform 
     * Freehold Royalties Ltd  FRU.TO : Scotiabank cuts to sector perform from sector outperform 
     * Topaz Energy Corp  TPZ.TO : RBC raises to outperform from sector perform 
     * Tricon Residential Inc  TCN.TO : National Bank of Canada resumes with outperform rating     
        
Following is a summary of research actions on Canadian companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order. 

     * Adventus Mining Corp  ADZN.V : Raymond James raises target price to C$2.25 from C$2 
     * Altius Minerals Corp  ALS.TO : Raymond James raises target price to C$21 from C$20 
     * Baytex Energy Corp  BTE.TO : Scotiabank raises target price to C$2.25 from C$1.75 
     * Baytex Energy Corp  BTE.TO : Scotiabank raises to sector perform from sector underperform 
     * Canadian Natural Resources Ltd  CNQ.TO : Scotiabank raises target price to C$50 from C$48 
     * Cargojet Inc  CJT.TO : TD Securities initiates coverage with buy rating and C$230 PT 
     * Cenovus Energy Inc  CVE.TO : Scotiabank raises target price to C$13 from C$12 
     * Centerra Gold Inc  CG.TO : Raymond James raises target price to C$11 from C$10.5 
     * Crescent Point Energy Corp  CPG.TO : Scotiabank raises target price to C$6.75 from C$6 
     * Enerplus Corp  ERF.TO : Scotiabank cuts to sector perform from sector outperform 
     * Enerplus Corp  ERF.TO : Scotiabank raises target price to C$9.25 from C$8.5 
     * Ero Copper Corp  ERO.TO : Raymond James raises target price to C$30 from C$28 
     * First Quantum Minerals Ltd  FM.TO : Raymond James raises target price to C$40 from C$39 
     * Freehold Royalties Ltd  FRU.TO : Scotiabank cuts to sector perform from sector outperform 
     * Freehold Royalties Ltd  FRU.TO : Scotiabank raises target price to C$10 from C$9.5 
     * Granite REIT  GRT_u.TO : TD Securities raises price target to C$92 from C$89
     * Hudbay Minerals Inc  HBM.TO : Raymond James raises target price to C$14 from C$13 
     * Imperial Oil Ltd  IMO.TO : Scotiabank raises target price to C$42 from C$39 
     * Inovalis Real Estate Investment Trust  INO_u.TO : BMO raises target to C$10 from C$9.5 
     * Ivanhoe Mines Ltd  IVN.TO : Raymond James raises target price to C$12.5 from C$12 
     * Jamieson Wellness Inc  JWEL.TO : BMO cuts target price to C$37 from C$42 
     * Jamieson Wellness Inc  JWEL.TO : BMO cuts to market perform from outperform 
     * Lumina Gold Corp  LUM.V : Raymond James raises target price to C$2 from C$1.75 
     * Lundin Mining Corp  LUN.TO : Raymond James raises target price to C$16 from C$15 
     * Mag Silver Corp  MAG.TO : Raymond James raises target price to C$28 from C$27 
     * Marimaca Copper Corp  MARI.TO : Raymond James raises target price to C$6 from C$5.5 
     * MEG Energy Corp  MEG.TO : Scotiabank raises target price to C$9.5 from C$8 
     * Newcore Gold Ltd  NCAU.V : Cormark Securities raises target price to C$2 from C$1.45 
     * North West Company Inc  NWC.TO : RBC raises target price to C$36 from C$35 
     * Suncor Energy Inc  SU.TO : Scotiabank raises target price to C$34 from C$33 
     * Teck Resources Ltd  TECKb.TO : Raymond James raises target price to C$35 from C$32 
     * Topaz Energy Corp  TPZ.TO : Atb Capital Markets raises target price to C$21 from C$20.5 
     * Topaz Energy Corp  TPZ.TO : BMO raises target price to C$18 from C$17 
     * Topaz Energy Corp  TPZ.TO : RBC raises target price to C$19 from C$17.50 
     * Topaz Energy Corp  TPZ.TO : RBC raises to outperform from sector perform 
     * Topaz Energy Corp  TPZ.TO : Scotiabank raises target price to C$21 from C$20 
     * Topaz Energy Corp  TPZ.TO : Tudor Pickering Holt raises target price to C$17 
     * Tourmaline Oil Corp  TOU.TO : Atb Capital Markets raises target to C$37.5 from C$33.75 
     * Trevali Mining Corp  TV.TO : Raymond James raises target price to C$0.35 from C$0.30 
     * Tricon Residential Inc  TCN.TO : BMO raises target price to C$15.5 from C$15 
     * Tricon Residential Inc  TCN.TO : CIBC raises target price to C$16 from C$15.50 
     * Tricon Residential Inc  TCN.TO : National Bank of Canada resumes with C$14.50 target price 
     * Tricon Residential Inc  TCN.TO : National Bank of Canada resumes with outperform rating 
     * Wesdome Gold Mines  WDO.TO : Laurentian Bank Securities reinstates with buy rating
     * Wesdome Gold Mines  WDO.TO : Laurentian Bank Securities reinstates with PT C$14.75 vs C$15.75 
     * Whitecap Resources Inc  WCP.TO : Scotiabank raises target price to C$7 from C$6.5 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))