Canada Research Roundup: Alamos Gold, Kinross Gold, Toromont Industries

Exco Technologies

30/07/2021 16:53

July 30 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian
companies, including Alamos Gold, Kinross Gold and Toromont Industries, on Friday. 
    
  HIGHLIGHTS
     * Akita Drilling Ltd  AKTa.TO : Atb Capital Markets ups to outperform from sector perform 
     * Alamos Gold Inc  AGI.TO : Laurentian Bank Securities cuts target price to C$14.25
     * Kinross Gold Corp  K.TO : National Bank of Canada raises to outperform from sector perform
     * Lundin Mining Corp  LUN.TO : Scotiabank cuts to sector perform from sector outperform
     * Toromont Industries Ltd  TIH.TO : CIBC raises target price to C$109 from C$106
    
Following is a summary of research actions on Canadian companies reported by Reuters on Friday. Stock
entries are in alphabetical order. 
     
     * Akita Drilling Ltd  AKTa.TO : Atb Capital Markets raises target price to C$2 from C$1.90 
     * Akita Drilling Ltd  AKTa.TO : Atb Capital Markets ups to outperform from sector perform 
     * Alamos Gold Inc  AGI.TO : Laurentian Bank Securities cuts target price to C$14.25
     * Alamos Gold Inc  AGI.TO : TD Securities cuts target price to C$15.50 from C$16
     * Alaris Equity Partners Income Trust  AD_u.TO : Scotiabank raises PT to C$21 from C$20
     * Altagas Ltd  ALA.TO : CIBC raises target price to C$29 from C$28
     * Altagas Ltd  ALA.TO : National Bank of Canada raises target price to C$29 from C$26
     * Atco Ltd  ACOx.TO : CIBC raises target price to C$50 from C$49
     * Atco Ltd  ACOx.TO : RBC raises price target to C$47 from C$46
     * Calfrac Well Services  CFW.TO : Atb Capital Markets cuts target price to C$5 from C$5.50
     * Calfrac Well Services Ltd  CFW.TO : BMO cuts target price to C$3.50 from C$3.75 
     * Canadian Pacific Railway Ltd  CP.TO : CIBC raises target price to C$106 from C$105
     * Canadian Utilities Ltd  CU.TO : CIBC raises target price to C$38 from C$37
     * Canadian Utilities Ltd  CU.TO : RBC raises price target to C$38 from C$37
     * Canadian Utilities Ltd  CU.TO : UBS raises to neutral from sell
     * Canadian Utilities Ltd  CU.TO : UBS raises target price to C$35 from C$32 
     * Canfor Corp  CFP.TO : Scotiabank cuts target price to C$42 from C$44 
     * Canfor Pulp Products Inc  CFX.TO : Scotiabank cuts target price to C$10 from C$11 
     * Cenovus Energy Inc  CVE.TO : JP Morgan raises target price to C$15 from C$14.50
     * Cenovus Energy Inc  CVE.TO : Raymond James raises target price to C$14 from C$13.50 
     * Cenovus Energy Inc  CVE.TO : RBC raises target price to C$16 from C$15
     * Champion Iron Ltd  CIA.TO : Raymond James raises target price to C$8.50 from C$8 
     * Champion Iron Ltd  CIA.TO : Scotiabank raises target price to C$9 from C$8.5 
     * Champion Iron Ltd  CIA.TO : TD Securities raises target price to C$8.50 from C$8
     * CI Financial Corp  CIX.TO : Canaccord Genuity raises target price to C$28.50 from C$27.50 
     * Element Fleet Management Corp  EFN.TO : CIBC cuts target price to C$15.50 from C$16
     * Equitable Group Inc  EQB.TO : TD Securities raises target price to C$170 from C$160 
     * Exchange Income Corp  EIF.TO : TD Securities raises price target to C$52 from C$50 
     * Exco Technologies Ltd  XTC.TO : Cormark Securities raises PT to C$15.50 from C$15.25 
     * Fairfax Financial Holdings  FFH.TO : National Bank of Canada raises PT to C$775 from C$750
     * Fortis Inc  FTS.TO : BMO cuts target price to C$56 from C$57 
     * Fortis Inc  FTS.TO : CIBC raises target price to C$59 from C$58
     * Fortis Inc  FTS.TO : National Bank of Canada cuts target price to C$59 from C$60
     * Fortis Inc  FTS.TO : UBS cuts price target to C$61 from C$63 
     * George Weston Ltd  WN.TO : BMO raises target price to C$138 from C$120 
     * Gfl Environmental Inc  GFL.TO : CIBC raises target price to C$48 from C$47
     * Gfl Environmental Inc  GFL.TO : National Bank of Canada raises target to C$46 from C$44 
     * Gfl Environmental Inc  GFL.TO : Stifel raises target price to C$52 from C$46 
     * Gfl Environmental Inc  GFL.TO : TD Securities raises target price to C$43 from C$42 
     * Ia Financial Corporation  IAG.TO : Canaccord Genuity raises PT to C$83.50 from C$81.50
     * Ia Financial Corporation  IAG.TO : National Bank of Canada raises PT to C$80 from C$76
     * Ia Financial Corporation Inc  IAG.TO : BMO raises target price to C$85 from C$83 
     * Ia Financial Corporation Inc  IAG.TO : Cormark Securities raises target to C$78 from C$77 
     * Ia Financial Corporation Inc  IAG.TO : RBC raises price target to C$81 from C$78 
     * Ia Financial Corporation Inc  IAG.TO : TD Securities raises target to C$88 from C$85 
     * IGM Financial Inc  IGM.TO : Canaccord Genuity raises target price to C$52 from C$50 
     * Kinross Gold Corp  K.TO : Canaccord Genuity cuts target price to C$12.50 from C$13.50
     * Kinross Gold Corp  K.TO : National Bank of Canada raises to outperform from sector perform
     * Kirkland Lake Gold Ltd  KL.TO : CFRA raises target price by C$2 to C$64 
     * Lundin Mining Corp  LUN.TO : Deutsche Bank cuts target price to C$12.5 from C$15 
     * Lundin Mining Corp  LUN.TO : Scotiabank cuts target price to C$13 from C$15 
     * Lundin Mining Corp  LUN.TO : Scotiabank cuts to sector perform from sector outperform
     * Metro Inc  MRU.TO : National Bank of Canada raises target price to C$66 from C$65
     * Morguard North American Residential REIT  MRG_u.TO : CIBC raises PT to C$21 from C$20
     * Morguard Real Estate Investment Trust  MRT_u.TO : BMO raises target to C$4.50 from C$3 
     * Nomad Royalty Company Ltd  NSR.TO : Raymond James cuts target price to C$17 from C$17.50 
     * Onex Corp  ONEX.TO : Canaccord Genuity raises target price to C$104 from C$100 
     * Stingray Group Inc  RAYa.TO : RBC raises price target to C$10 from C$9
     * Suncor Energy Inc  SU.TO : JP Morgan cuts target price to C$31 from C$32
     * Suncor Energy Inc  SU.TO : National Bank of Canada cuts target price to C$36 from C$41
     * Suncor Energy Inc  SU.TO : Wells Fargo cuts price target to C$26 from C$30 
     * TCP Energy Corp  TRP.TO : National Bank of Canada cuts price target to C$66 from C$67 
     * Topaz Energy Corp  TPZ.TO : Canaccord Genuity raises target price to C$22 from C$20 
     * Toromont Industries Ltd  TIH.TO : BMO raises target price to C$118 from C$114 
     * Toromont Industries Ltd  TIH.TO : CIBC raises target price to C$109 from C$106
     * Toromont Industries Ltd  TIH.TO : TD Securities raises target price to C$115 from C$110 
     * Turquoise Hill Resources Ltd  TRQ.TO : Eight Capital cuts target price to C$30 from C$33 
     * Turquoise Hill Resources Ltd  TRQ.TO : Scotiabank cuts price target to C$30 from C$31 
     * Verano Holdings Corp  VRNO.CD : BTIG initiates coverage with buy rating and C$47 PT
     * Whitecap Resources Inc  WCP.TO : National Bank of Canada raises PT to C$10 from C$9.50
 
 (Compiled by Bengaluru Newsroom)
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