National Bank Financial Stock Recommendations and Price Targets

This is a list of recent ratings by National Bank Financial.

DateCompany NameActionCurrent
Price
Price
Target
RatingImpact on
Share Price
1/27/2023
TAC
TransAlta
Upgrade$10.00Sector Perform ➝ OutperformLow
1/27/2023
GBNXF
Gibson Energy
Boost Price TargetC$18.00C$24.00 ➝ C$25.00Low
1/27/2023
PBA
Pembina Pipeline
Boost Price TargetC$36.00C$46.00 ➝ C$47.00Low
1/27/2023
SECYF
Secure Energy Services
Boost Price TargetC$6.00C$9.00 ➝ C$10.00Low
1/27/2023
ENB
Enbridge
Boost Price TargetC$41.00C$54.00 ➝ C$56.00Low
1/27/2023
TRP
TC Energy
Lower Price TargetC$43.00C$58.00 ➝ C$56.00Low
1/27/2023
CPXWF
Capital Power
Boost Price TargetC$34.00C$50.00 ➝ C$53.00Low
1/27/2023
CDUAF
Canadian Utilities
Boost Price TargetC$28.00C$34.00 ➝ C$37.00Low
1/27/2023
EMRAF
Emera
Boost Price TargetC$40.00C$51.00 ➝ C$52.00Low
1/27/2023
FTS
Fortis
Boost Price TargetC$41.00C$51.00 ➝ C$55.00Low
1/27/2023
HRNNF
Hydro One
Boost Price TargetC$27.00C$32.00 ➝ C$36.00Low
1/26/2023
ASGTF
Altus Group
Boost Price TargetC$40.00C$60.00 ➝ C$65.00Low
1/26/2023
CNSWF
Constellation Software
Boost Price TargetC$1,769.00 C$2,750.00Low
1/26/2023
FMEGF
Farmers Edge
Lower Price TargetC$0.00C$0.30 ➝ C$0.25N/A
1/26/2023
MECVF
mdf commerce
Boost Price TargetC$3.00C$3.00 ➝ C$4.00Low
1/26/2023
RLLMF
Real Matters
Lower Price TargetC$4.00C$6.00 ➝ C$5.00N/A
1/25/2023
MTRAF
Metro
Boost Price TargetC$55.00C$79.00 ➝ C$80.00Low
1/25/2023
GWLIF
Great-West Lifeco
Boost Price TargetC$26.00C$35.00 ➝ C$36.00Low
1/25/2023
IAFNF
iA Financial
Boost Price TargetC$61.00C$78.00 ➝ C$88.00Low
1/25/2023
MFC
Manulife Financial
Boost Price TargetC$20.00C$24.00 ➝ C$26.00Low
1/25/2023
SLF
Sun Life Financial
Boost Price TargetC$50.00C$66.00 ➝ C$69.00Low
1/25/2023
SHERF
Sherritt International
Boost Price TargetC$0.00C$0.75 ➝ C$0.80Low
1/24/2023
CGJTF
Cargojet
Lower Price TargetC$88.00C$158.00 ➝ C$147.00Low
1/24/2023
WDOFF
Wesdome Gold Mines
Lower Price TargetC$5.00C$11.25 ➝ C$9.50Low
1/23/2023
MTYFF
MTY Food Group
Boost Price TargetC$50.00C$65.00 ➝ C$67.00Low
1/20/2023
AAPL
Apple
Lower Price Target$146.00 $54.00OutperformLow
1/19/2023
TFPM
Triple Flag Precious Metals
Upgrade$13.00Sector Perform Overweight ➝ Outperform OverweightLow
1/19/2023
BYDGF
Boyd Group Services
Boost Price TargetC$152.00C$200.00 ➝ C$220.00Low
1/19/2023
CADNF
Cascades
Boost Price TargetC$7.00C$7.75 ➝ C$9.00Low
1/19/2023
CWXZF
Doman Building Materials Group
Boost Price TargetC$6.00 C$7.50Low
1/19/2023
ERO
Ero Copper
Boost Price TargetC$16.00C$20.00 ➝ C$21.00Low
1/19/2023
IAG
IAMGOLD
Boost Price TargetC$3.00C$4.00 ➝ C$4.10Low
1/17/2023
EGO
Eldorado Gold
Downgrade$9.00Outperform ➝ Sector PerformLow
1/17/2023
FQVLF
First Quantum Minerals
Lower Price TargetC$23.00C$30.00 ➝ C$28.00Low
1/17/2023
BRLXF
Boralex
Lower Price TargetC$29.00C$48.00 ➝ C$47.00Low
1/17/2023
NNXPF
NanoXplore
Lower Price TargetC$2.00C$8.00 ➝ C$6.00Low
1/17/2023
LPENF
Loop Energy
Lower Price TargetC$1.00C$5.00 ➝ C$2.50N/A
1/17/2023
NXHSF
Next Hydrogen Solutions
Lower Price TargetC$1.00 C$2.00N/A
1/17/2023
TRSWF
TransAlta Renewables
Lower Price TargetC$9.00 C$14.25Low
1/16/2023
ELD
Eldorado Gold
DowngradeC$13.00Outperform Overweight ➝ Sector Perform Spec OverwgtN/A
1/16/2023
LAC
Lithium Americas
Lower Price Target$22.00$42.50 ➝ $38.50Low
1/13/2023
LUN
Lundin Mining
DowngradeC$10.00Sector Perform Overweight ➝ Underperform OverweightN/A
1/13/2023
BDRBF
Bombardier
Boost Price TargetC$48.00C$61.00 ➝ C$65.00Low
1/13/2023
AEM
Agnico Eagle Mines
Boost Price TargetC$57.00C$75.00 ➝ C$89.00Low
1/13/2023
GOLD
Barrick Gold
Boost Price TargetC$20.00C$25.00 ➝ C$30.00Low
1/13/2023
BTG
B2Gold
Boost Price TargetC$4.00C$6.75 ➝ C$7.25N/A
1/13/2023
EDVMF
Endeavour Mining
Boost Price TargetC$24.00C$36.00 ➝ C$46.00Low
1/13/2023
KGC
Kinross Gold
Boost Price TargetC$5.00C$8.25 ➝ C$8.50Low
1/13/2023
NEM
Newmont
Boost Price TargetC$53.00C$76.00 ➝ C$86.00Low
1/13/2023
AGI
Alamos Gold
Boost Price TargetC$11.00C$15.00 ➝ C$17.50Low
1/13/2023
CGAU
Centerra Gold
Boost Price TargetC$7.00C$10.50 ➝ C$11.50Low
1/13/2023
EGO
Eldorado Gold
Boost Price TargetC$9.00C$13.50 ➝ C$14.00Low
1/13/2023
EQX
Equinox Gold
Boost Price TargetC$5.00C$5.50 ➝ C$6.25N/A
1/13/2023
IAG
IAMGOLD
Boost Price TargetC$3.00C$3.75 ➝ C$4.00Low
1/13/2023
LUGDF
Lundin Gold
Boost Price Target$11.00$14.00 ➝ $16.50Low
1/13/2023
NGD
New Gold
Boost Price TargetC$1.00C$1.60 ➝ C$1.75N/A
1/13/2023
OCANF
OceanaGold
Boost Price TargetC$2.00C$3.25 ➝ C$3.75Low
1/13/2023
SSRM
SSR Mining
Boost Price TargetC$17.00C$23.00 ➝ C$26.00Low
1/13/2023
TORXF
Torex Gold Resources
Boost Price TargetC$14.00C$15.50 ➝ C$21.50Low
1/13/2023
AUY
Yamana Gold
Boost Price TargetC$6.00C$7.10 ➝ C$8.05Low
1/13/2023
TPRFF
Aris Mining
Lower Price TargetC$3.00C$5.50 ➝ C$5.25N/A
1/13/2023
KNTNF
K92 Mining
Boost Price TargetC$6.00C$11.25 ➝ C$12.00Low
1/13/2023
MAIFF
Minera Alamos
Boost Price TargetC$0.00C$0.80 ➝ C$0.85Low
1/13/2023
WDOFF
Wesdome Gold Mines
Lower Price TargetC$5.00C$14.00 ➝ C$11.25Low
1/13/2023
AYASF
Aya Gold & Silver
Boost Price TargetC$6.00C$11.25 ➝ C$13.00N/A
1/13/2023
AG
First Majestic Silver
Boost Price TargetC$8.00C$13.00 ➝ C$14.50Low
1/13/2023
FSM
Fortuna Silver Mines
Boost Price TargetC$4.00C$5.25 ➝ C$6.00Low
1/13/2023
FNV
Franco-Nevada
Boost Price TargetC$147.00C$190.00 ➝ C$200.00Low
1/13/2023
OR
Osisko Gold Royalties
Boost Price TargetC$14.00C$22.00 ➝ C$23.00Low
1/13/2023
RGLD
Royal Gold
Boost Price TargetC$128.00C$120.00 ➝ C$150.00Low
1/13/2023
SAND
Sandstorm Gold
Lower Price TargetC$6.00C$10.50 ➝ C$9.50Low
1/13/2023
WPM
Wheaton Precious Metals
Boost Price TargetC$46.00C$60.00 ➝ C$70.00Low
1/13/2023
IAUX
i-80 Gold
Boost Price TargetC$3.00C$4.25 ➝ C$5.50N/A
1/13/2023
ITRG
Integra Resources
Boost Price TargetC$1.00C$1.00 ➝ C$1.05N/A
1/13/2023
GMINF
G Mining Ventures
Boost Price Target$1.00$1.55 ➝ $1.65Low
1/13/2023
LGDTF
Liberty Gold
Boost Price TargetC$0.00C$0.90 ➝ C$1.00Low
1/13/2023
MAG
MAG Silver
Boost Price TargetC$14.00C$24.50 ➝ C$26.50N/A
1/13/2023
MGDPF
Marathon Gold
Lower Price TargetC$1.00C$2.00 ➝ C$1.50Low
1/13/2023
NG
NovaGold Resources
Boost Price TargetC$6.00C$10.00 ➝ C$11.00N/A
1/13/2023
ODV
Osisko Development
Boost Price Target$6.00$8.25 ➝ $8.50Low
1/13/2023
OBNNF
Osisko Mining
Boost Price TargetC$3.00C$3.75 ➝ C$4.00Low
1/12/2023
BCE
BCE
Downgrade$47.00Outperform Market Weight ➝ Sector Perform Market WeightN/A
1/12/2023
QBCRF
Quebecor
Boost Price TargetC$24.00C$32.00 ➝ C$36.00Low
1/12/2023
RCI
Rogers Communications
Boost Price TargetC$49.00C$75.00 ➝ C$78.00Low
1/12/2023
TU
TELUS
Lower Price TargetC$21.00C$34.00 ➝ C$31.00Low
1/11/2023
BCE
BCE
DowngradeC$62.00Outperform Market Weight ➝ Sector Perform Market WeightN/A
1/11/2023
STLJF
Stella-Jones
Downgrade$36.00Outperform ➝ Sector PerformLow
1/11/2023
TMTNF
Toromont Industries
Upgrade$71.00Sector Perform ➝ OutperformLow
1/11/2023
TFII
TFI International
Boost Price TargetC$109.00C$145.00 ➝ C$162.00Low
1/11/2023
DRETF
Dream Office Real Estate Investment Trust
Boost Price TargetC$12.00C$17.25 ➝ C$18.25Low
1/11/2023
CVE
Cenovus Energy
Boost Price TargetC$20.00C$36.00 ➝ C$39.00Low
1/11/2023
IMO
Imperial Oil
Boost Price TargetC$55.00C$80.00 ➝ C$85.00N/A
1/11/2023
SU
Suncor Energy
Boost Price TargetC$35.00C$54.00 ➝ C$57.00Low
1/11/2023
AETUF
ARC Resources
Lower Price TargetC$12.00C$23.00 ➝ C$21.00Low
1/11/2023
BIREF
Birchcliff Energy
Lower Price TargetC$7.00C$13.50 ➝ C$12.00Low
1/11/2023
BTEGF
Baytex Energy
Lower Price TargetC$5.00C$9.00 ➝ C$7.75Low
1/11/2023
CPG
Crescent Point Energy
Lower Price TargetC$7.00C$17.00 ➝ C$15.00Low
1/11/2023
KELTF
Kelt Exploration
Lower Price TargetC$4.00C$8.00 ➝ C$7.50Low
1/11/2023
NUVSF
NuVista Energy
Boost Price TargetC$9.00C$15.00 ➝ C$16.00Low
1/11/2023
PEYUF
Peyto Exploration & Development
Boost Price TargetC$10.00C$17.00 ➝ C$18.50Low