National Bank Financial Stock Recommendations and Price Targets

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

Company NameActionCurrent
Price
Price
Target
RatingImpact on
Share Price
Sierra Wireless logo
SWIR
Sierra Wireless
Downgrade$21.00Sector Perform ➝ UnderperformHigh
B2Gold Corp. (BTO.TO) logo
BTO
B2Gold Corp. (BTO.TO)
Lower Price TargetC$6.00C$12.00 ➝ C$11.00OutperformN/A
Birchcliff Energy Ltd. (BIR.TO) logo
BIR
Birchcliff Energy Ltd. (BIR.TO)
Boost Price TargetC$2.00 C$3.50OutperformN/A
Allied Properties Real Estate Investment Trust logo
APYRF
Allied Properties Real Estate Investment Trust
Reiterated Rating$31.00OutperformLow
WPTIF
WPT Industrial Real Estate Investment Trust
Reiterated Rating$16.00OutperformLow
AHOTF
American Hotel Income Properties REIT
Reiterated Rating$3.00Sector PerformLow
EQX
Equinox Gold Corp. (EQX.TO)
Reiterated RatingC$13.00Sector Perform Market WeightN/A
MOZ
Marathon Gold Co. (MOZ.TO)
Reiterated RatingC$3.00Outperform Spec OverweightN/A
BRLXF
Boralex
Downgrade$42.00Outperform ➝ Sector PerformLow
Banco Latinoamericano de Comercio Exterior, S.A logo
BLX
Banco Latinoamericano de Comercio Exterior, S.A
Downgrade$16.00 $54.00Sector PerformMedium
EIFZF
Exchange Income
Reiterated Rating$30.00OutperformLow
Boralex Inc. (BLX.TO) logo
BLX
Boralex Inc. (BLX.TO)
DowngradeC$55.00C$50.00 ➝ C$54.00Outperform ➝ Sector PerformN/A
CanWel Building Materials Group Ltd. (CWX.TO) logo
CWX
CanWel Building Materials Group Ltd. (CWX.TO)
Boost Price TargetC$7.00C$7.50 ➝ C$8.50OutperformN/A
Exchange Income Co. (EIF.TO) logo
EIF
Exchange Income Co. (EIF.TO)
Boost Price TargetC$38.00C$40.00 ➝ C$42.00OutperformN/A
Fortuna Silver Mines Inc. (FVI.TO) logo
FVI
Fortuna Silver Mines Inc. (FVI.TO)
Lower Price TargetC$9.00C$14.00 ➝ C$13.00N/A
Pan American Silver Corp. (PAAS.TO) logo
PAAS
Pan American Silver Corp. (PAAS.TO)
Lower Price TargetC$38.00C$60.00 ➝ C$56.00N/A
Stingray Group logo
RAY.A
Stingray Group
Boost Price TargetC$8.00C$7.50 ➝ C$9.00N/A
Theratechnologies Inc. (TH.TO) logo
TH
Theratechnologies Inc. (TH.TO)
Reiterated RatingC$3.00 C$3.75Sector PerformN/A
Corus Entertainment logo
CJR.B
Corus Entertainment
Boost Price TargetC$5.00C$5.00 ➝ C$6.50OutperformN/A
Kirkland Lake Gold Ltd. (KL.TO) logo
KL
Kirkland Lake Gold Ltd. (KL.TO)
Boost Price TargetC$51.00C$69.00 ➝ C$70.00OutperformN/A
TELUS Co. (T.TO) logo
T
TELUS Co. (T.TO)
Boost Price TargetC$26.00C$27.00 ➝ C$28.00OutperformN/A
Alimentation Couche-Tard logo
ATD.B
Alimentation Couche-Tard
Lower Price TargetC$38.00C$55.00 ➝ C$49.00OutperformN/A
Vermilion Energy logo
VET
Vermilion Energy
Reiterated Rating$5.00Sector PerformLow
Pretium Resources Inc. (PVG.TO) logo
PVG
Pretium Resources Inc. (PVG.TO)
Lower Price TargetC$13.00C$19.00 ➝ C$17.00Sector PerformN/A
Vermilion Energy Inc. (VET.TO) logo
VET
Vermilion Energy Inc. (VET.TO)
Lower Price TargetC$7.00C$7.00 ➝ C$6.50Sector PerformN/A
FIL
Filo Mining Corp. (FIL.V)
UpgradeC$2.00 C$3.50Sector Perform ➝ OutperformN/A
FOOD
Goodfood Market Corp. (FOOD.TO)
Boost Price TargetC$13.00C$12.75 ➝ C$14.25OutperformN/A
NFI Group Inc. (NFI.TO) logo
NFI
NFI Group Inc. (NFI.TO)
Boost Price TargetC$30.00C$24.00 ➝ C$33.00OutperformN/A
KBRLF
K-Bro Linen
Downgrade$30.00Outperform ➝ Sector PerformN/A
Sun Life Financial logo
SLF
Sun Life Financial
Upgrade$48.00Sector Perform ➝ OutperformN/A
Atlantic Power logo
AT
Atlantic Power
Downgrade$3.00$2.60 ➝ $3.03Outperform ➝ OutperformN/A
Enerflex logo
ENRFF
Enerflex
Reiterated Rating$6.00OutperformN/A
Atlantic Power Co. (ATP.TO) logo
ATP
Atlantic Power Co. (ATP.TO)
DowngradeC$4.00C$2.60 ➝ C$3.03Outperform ➝ TenderN/A
Canadian Tire logo
CTC.A
Canadian Tire
Boost Price TargetC$171.00C$168.00 ➝ C$190.00OutperformN/A
Cogeco Communications Inc. (CCA.TO) logo
CCA
Cogeco Communications Inc. (CCA.TO)
Boost Price TargetC$106.00C$120.00 ➝ C$126.00OutperformN/A
Great-West Lifeco Inc. (GWO.TO) logo
GWO
Great-West Lifeco Inc. (GWO.TO)
Boost Price TargetC$30.00C$30.00 ➝ C$32.00Sector PerformN/A
K-Bro Linen Inc. (KBL.TO) logo
KBL
K-Bro Linen Inc. (KBL.TO)
DowngradeC$37.00C$35.00 ➝ C$40.00Outperform ➝ Sector PerformN/A
Sun Life Financial Inc. (SLF.TO) logo
SLF
Sun Life Financial Inc. (SLF.TO)
UpgradeC$61.00C$59.00 ➝ C$67.00Sector Perform ➝ OutperformN/A
Titan Mining Co. (TI.TO) logo
TI
Titan Mining Co. (TI.TO)
Set Price TargetC$1.00 C$0.90Sector PerformN/A
Wesdome Gold Mines Ltd. (WDO.TO) logo
WDO
Wesdome Gold Mines Ltd. (WDO.TO)
Lower Price TargetC$9.00C$17.50 ➝ C$16.00OutperformN/A
Mullen Group logo
MLLGF
Mullen Group
Reiterated Rating$9.00OutperformN/A
Great-West Lifeco logo
GWLIF
Great-West Lifeco
Reiterated Rating$24.00Market PerformN/A
IAFNF
iA Financial
Reiterated Rating$46.00OutperformN/A
Cogeco Communications logo
CGEAF
Cogeco Communications
Reiterated Rating$83.00OutperformN/A
Barrick Gold Co. (ABX.TO) logo
ABX
Barrick Gold Co. (ABX.TO)
UpgradeC$30.00C$43.00 ➝ C$40.00Sector Perform ➝ OutperformN/A
First Majestic Silver Corp. (FR.TO) logo
FR
First Majestic Silver Corp. (FR.TO)
Boost Price TargetC$18.00C$18.00 ➝ C$20.00Sector PerformN/A
LAC
Lithium Americas
Boost Price Target$24.00$12.50 ➝ $20.00OutperformHigh
Thomson Reuters logo
TRI
Thomson Reuters
Upgrade$82.00$111.00 ➝ $115.00Sector Perform ➝ OutperformHigh
PSYTF
Pason Systems
Upgrade$7.00Sector Perform ➝ OutperformLow
Ag Growth International Inc. (AFN.TO) logo
AFN
Ag Growth International Inc. (AFN.TO)
Boost Price TargetC$38.00C$41.00 ➝ C$46.00OutperformN/A
Pason Systems Inc. (PSI.TO) logo
PSI
Pason Systems Inc. (PSI.TO)
UpgradeC$9.00C$7.50 ➝ C$10.50Sector Perform ➝ OutperformN/A
Thomson Reuters Co. (TRI.TO) logo
TRI
Thomson Reuters Co. (TRI.TO)
UpgradeC$104.00C$111.00 ➝ C$115.00Sector Perform ➝ OutperformN/A
WSP Global Inc. (WSP.TO) logo
WSP
WSP Global Inc. (WSP.TO)
Reiterated RatingC$118.00 C$133.00OutperformN/A
Shawcor Ltd. (SCL.TO) logo
SCL
Shawcor Ltd. (SCL.TO)
UpgradeC$4.00Sector Perform Market Weight ➝ Outperform Market WeightN/A
Ballard Power Systems logo
BLDP
Ballard Power Systems
Downgrade$36.00$25.00 ➝ $38.00Outperform ➝ Sector PerformMedium
AutoCanada Inc. (ACQ.TO) logo
ACQ
AutoCanada Inc. (ACQ.TO)
Boost Price TargetC$26.00C$26.00 ➝ C$27.00Sector PerformN/A
Ritchie Bros. Auctioneers logo
RBA
Ritchie Bros. Auctioneers
Upgrade$63.00$65.00 ➝ $68.50Underperform ➝ Sector PerformHigh
Ritchie Bros. Auctioneers Incorporated (RBA.TO) logo
RBA
Ritchie Bros. Auctioneers Incorporated (RBA.TO)
UpgradeC$80.00C$65.00 ➝ C$68.50Underperform ➝ Sector PerformN/A
FLMMF
Filo Mining
Upgrade$2.00Sector Perform ➝ OutperformLow
5N Plus Inc. (VNP.TO) logo
VNP
5N Plus Inc. (VNP.TO)
Boost Price TargetC$3.00C$2.90 ➝ C$4.00OutperformN/A
Cargojet Inc. (CJT.TO) logo
CJT
Cargojet Inc. (CJT.TO)
Reiterated RatingC$206.00 C$264.00OutperformN/A
CES Energy Solutions Corp. (CEU.TO) logo
CEU
CES Energy Solutions Corp. (CEU.TO)
Boost Price TargetC$2.00C$1.40 ➝ C$1.80Sector PerformN/A
Corus Entertainment logo
CJR.B
Corus Entertainment
Boost Price TargetC$5.00C$5.00 ➝ C$6.50OutperformN/A
GDI Integrated Facility Services Inc. (GDI.TO) logo
GDI
GDI Integrated Facility Services Inc. (GDI.TO)
Boost Price TargetC$43.00C$46.00 ➝ C$52.00OutperformN/A
Kirkland Lake Gold Ltd. (KL.TO) logo
KL
Kirkland Lake Gold Ltd. (KL.TO)
Boost Price TargetC$51.00C$69.00 ➝ C$70.00OutperformN/A
GRA
NanoXplore Inc. (GRA.V)
Boost Price TargetC$4.00C$3.50 ➝ C$4.50N/A
Pretium Resources Inc. (PVG.TO) logo
PVG
Pretium Resources Inc. (PVG.TO)
Set Price TargetC$13.00 C$19.00Sector PerformN/A
SDE
Spartan Delta Corp. (SDE.V)
Boost Price TargetC$4.00C$5.00 ➝ C$6.00OutperformN/A
TELUS Co. (T.TO) logo
T
TELUS Co. (T.TO)
Boost Price TargetC$26.00C$27.00 ➝ C$28.00OutperformN/A
TMAC Resources Inc. (TMR.TO) logo
TMR
TMAC Resources Inc. (TMR.TO)
DowngradeC$2.00C$1.75 ➝ C$2.20Sector Perform ➝ TenderN/A
FOOD
Goodfood Market Corp. (FOOD.TO)
Boost Price TargetC$13.00C$11.00 ➝ C$14.25OutperformN/A
FIL
Filo Mining Corp. (FIL.V)
UpgradeC$2.00 C$3.50Sector Perform Overweight ➝ Outperform OverweightN/A
NFI Group Inc. (NFI.TO) logo
NFI
NFI Group Inc. (NFI.TO)
Boost Price TargetC$30.00C$24.00 ➝ C$33.00OutperformN/A
NFYEF
NFI Group
Reiterated Rating$24.00OutperformLow
BME
Barsele Minerals Corp. (BME.V)
Boost Price TargetC$1.00C$0.60 ➝ C$0.75Sector PerformN/A
Northland Power Inc. (NPI.TO) logo
NPI
Northland Power Inc. (NPI.TO)
UpgradeC$50.00C$45.00 ➝ C$50.00Sector Perform ➝ OutperformN/A
Rogers Communications logo
RCI.B
Rogers Communications
Boost Price TargetC$62.00C$68.00 ➝ C$70.00OutperformN/A
Barrick Gold logo
GOLD
Barrick Gold
Upgrade$24.00Sector Perform ➝ OutperformLow
Argonaut Gold Inc. (AR.TO) logo
AR
Argonaut Gold Inc. (AR.TO)
Lower Price TargetC$2.00C$4.25 ➝ C$4.00OutperformN/A
Bank of Montreal (BMO.TO) logo
BMO
Bank of Montreal (BMO.TO)
Boost Price TargetC$98.00C$93.00 ➝ C$102.00Sector PerformN/A
Barrick Gold Co. (ABX.TO) logo
ABX
Barrick Gold Co. (ABX.TO)
UpgradeC$30.00C$43.00 ➝ C$40.00Sector Perform ➝ OutperformN/A
Canadian Imperial Bank of Commerce (CM.TO) logo
CM
Canadian Imperial Bank of Commerce (CM.TO)
Boost Price TargetC$111.00C$122.00 ➝ C$124.00OutperformN/A
Canadian Western Bank (CWB.TO) logo
CWB
Canadian Western Bank (CWB.TO)
Boost Price TargetC$30.00C$30.00 ➝ C$32.00Sector PerformN/A
First Majestic Silver Corp. (FR.TO) logo
FR
First Majestic Silver Corp. (FR.TO)
Boost Price TargetC$18.00C$18.00 ➝ C$20.00Sector PerformN/A
IAMGOLD Co. (IMG.TO) logo
IMG
IAMGOLD Co. (IMG.TO)
Lower Price TargetC$4.00C$7.50 ➝ C$6.75OutperformN/A
ITR
Integra Resources Corp. (ITR.V)
Lower Price TargetC$5.00C$7.25 ➝ C$7.00OutperformN/A
Laurentian Bank of Canada (LB.TO) logo
LB
Laurentian Bank of Canada (LB.TO)
Boost Price TargetC$31.00C$28.00 ➝ C$29.00UnderperformN/A
LGD
Liberty Gold Corp. (LGD.TO)
Lower Price TargetC$2.00C$2.90 ➝ C$2.80OutperformN/A
LAC
Lithium Americas
Boost Price Target$24.00$12.50 ➝ $20.00OutperformLow
Royal Bank of Canada (RY.TO) logo
RY
Royal Bank of Canada (RY.TO)
Boost Price TargetC$107.00C$113.00 ➝ C$117.00OutperformN/A
Sabina Gold & Silver Corp. (SBB.TO) logo
SBB
Sabina Gold & Silver Corp. (SBB.TO)
Lower Price TargetC$3.00C$3.75 ➝ C$3.50OutperformN/A
The Bank of Nova Scotia (BNS.TO) logo
BNS
The Bank of Nova Scotia (BNS.TO)
Boost Price TargetC$69.00C$68.00 ➝ C$70.00Sector PerformN/A
The Toronto-Dominion Bank (TD.TO) logo
TD
The Toronto-Dominion Bank (TD.TO)
Boost Price TargetC$74.00C$73.00 ➝ C$75.00Sector PerformN/A
Canadian Western Bank logo
CBWBF
Canadian Western Bank
Reiterated Rating$24.00Sector PerformLow
Agnico Eagle Mines logo
AEM
Agnico Eagle Mines
Reiterated Rating$71.00OutperformMedium
Kinross Gold logo
KGC
Kinross Gold
Reiterated Rating$7.00OutperformLow
Kirkland Lake Gold logo
KL
Kirkland Lake Gold
Reiterated Rating$40.00OutperformLow
Newmont logo
NEM
Newmont
Reiterated Rating$62.00OutperformLow
Alamos Gold logo
AGI
Alamos Gold
Reiterated Rating$8.00OutperformLow
CAGDF
Centerra Gold
Reiterated Rating$11.00OutperformLow