Canada Research Roundup: Canadian Natural Resources, Foran Mining, Mullen Group

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09/12/2021 07:33

Dec 9 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Canadian Natural Resources, Foran Mining and Mullen Group, on
Thursday. 
    
    HIGHLIGHTS        
     * Canadian Natural Resources Ltd  CNQ.TO : JP Morgan cuts to neutral from overweight 
     * Foran Mining Corp  FOM.V : National Bank of Canada initiates with sector perform rating 
     * Gamesquare Esports Inc  GSQ.CD : Canaccord Genuity initiates with speculative buy rating
     * Mullen Group Ltd  MTL.TO : CIBC cuts to neutral from outperformer
     * Slate Office REIT  SOT_u.TO : National Bank of Canada resumes with sector perform rating
            
Following is a summary of research actions on Canadian companies reported by Reuters on
Thursday. Stock entries are in alphabetical order. 
    
     * Canadian Natural Resources Ltd  CNQ.TO : JP Morgan cuts to neutral from overweight 
     * Canadian Natural Resources Ltd  CNQ.TO : JP Morgan raises target price to C$66 from C$62 
     * Cenovus Energy Inc  CVE.TO : JP Morgan raises target price to C$21 from C$19 
     * Contact Gold Corp  C.V : Cormark Securities cuts target price to C$0.20 from C$0.55 
     * Dollarama Inc  DOL.TO : CIBC raises target price to C$60 from C$59 
     * Dollarama Inc  DOL.TO : National Bank of Canada raises target price to C$66 from C$64 
     * Dollarama Inc  DOL.TO : RBC raises target price to C$77 from C$70 
     * Dollarama Inc  DOL.TO : TD Securities raises target price to C$72 from C$68 
     * E Automotive  EINC.TO : Eight Capital initiates coverage with buy rating and PT of C$28 
     * Foran Mining Corp  FOM.V : National Bank of Canada initiates with sector perform rating 
     * Foran Mining Corp  FOM.V : National Bank of Canada initiates with C$3.25 target price 
     * Gamesquare Esports Inc  GSQ.CD : Canaccord Genuity initiates with speculative buy rating
     * Gamesquare Esports Inc  GSQ.CD : Canaccord Genuity initiates with target price C$0.60 
     * Gogold Resources Inc  GGD.TO : Eight Capital raises target price to C$5 from C$4.10 
     * Hardwoods Distribution Inc  HDI.TO : Cormark Securities cuts target to C$63.50 from C$65 
     * Imperial Oil Ltd  IMO.TO : JP Morgan raises target price to C$53 from C$49 
     * Mainstreet Equity Corp  MEQ.TO : Atb Capital Markets raises target to C$135 from C$130 
     * MEG Energy Corp  MEG.TO : JP Morgan raises target price to C$15 from C$12 
     * Morguard REIT  MRT_u.TO : TD Securities resumes coverage with hold rating 
     * Morguard REIT  MRT_u.TO : TD Securities resumes coverage with C$6 vs C$6.50 target price 
     * Mullen Group Ltd  MTL.TO : CIBC cuts to neutral from outperformer
     * Mullen Group Ltd  MTL.TO : CIBC cuts target price to C$13.50 from C$15.50 
     * Nomad Royalty Company Ltd  NSR.TO : Canaccord Genuity raises target to C$18 from C$17 
     * Nomad Royalty Company Ltd  NSR.TO : CIBC raises target price to C$12.5 from C$12 
     * North West Company Inc  NWC.TO : CIBC raises target price to C$40 from C$39 
     * Sabina Gold & Silver Corp  SBB.TO : Cormark Securities cuts target to C$3.40 from C$3.80 
     * Slate Office REIT  SOT_u.TO : National Bank of Canada resumes with sector perform rating
     * Slate Office REIT  SOT_u.TO : National Bank of Canada resumes with C$5.25 vs C$5.50 PT 
     * Slate Office REIT  SOT_u.TO : TD Securities resumes coverage with hold rating; C$5.50 PT 
     * Suncor Energy Inc  SU.TO : JP Morgan raises target price to C$42 from C$39 
     * Timbercreek Financial Corp  TF.TO : Canaccord Genuity Intiates with buy rating; PT C$10.25 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))