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
4/8/2024
AEM
Agnico Eagle Mines
Reiterated Rating$63.00Outperform OverweightLow
4/8/2024
AGI
Alamos Gold
Reiterated Rating$15.00Outperform OverweightLow
4/8/2024
CDE
Coeur Mining
Reiterated Rating$5.00Outperform Spec Market WeightLow
4/8/2024
CGAU
Centerra Gold
Reiterated Rating$6.00Outperform OverweightLow
4/8/2024
EGO
Eldorado Gold
Reiterated Rating$15.00Outperform Spec OverweightLow
4/8/2024
EQX
Equinox Gold
Reiterated Rating$6.00Sector Perform Spec OverwgtN/A
4/8/2024
GOLD
Barrick Gold
Reiterated Rating$17.00Sector Perform OverweightLow
4/8/2024
HL
Hecla Mining
Reiterated Rating$5.00Outperform Market WeightLow
4/8/2024
IAG
IAMGOLD
Reiterated Rating$4.00Sector Perform Spec OverwgtLow
4/8/2024
KGC
Kinross Gold
Reiterated Rating$6.00Outperform OverweightLow
4/8/2024
NEM
Newmont
Reiterated Rating$39.00Outperform OverweightLow
4/8/2024
NGD
New Gold
Reiterated Rating$2.00Sector Perform Spec OverwgtN/A
4/8/2024
SSRM
SSR Mining
Reiterated Rating$5.00Sector Perform Spec OverwgtLow
4/8/2024
ABX
Barrick Gold
Reiterated RatingC$23.00Sector Perform OverweightN/A
4/8/2024
AEM
Agnico Eagle Mines
Reiterated RatingC$87.00Outperform OverweightN/A
4/8/2024
AGI
Alamos Gold
Reiterated RatingC$21.00Outperform OverweightN/A
4/8/2024
CG
Centerra Gold
Reiterated RatingC$8.00Outperform OverweightN/A
4/8/2024
ELD
Eldorado Gold
Reiterated RatingC$21.00Outperform Spec OverweightN/A
4/8/2024
EQX
Equinox Gold
Reiterated RatingC$8.00Sector Perform Spec OverwgtN/A
4/8/2024
IMG
IAMGOLD
Reiterated RatingC$5.00Sector Perform Spec OverwgtN/A
4/8/2024
K
Kinross Gold
Reiterated RatingC$9.00Outperform OverweightN/A
4/8/2024
NGD
New Gold
Reiterated RatingC$2.00Sector Perform Spec OverwgtN/A
4/8/2024
NGT
Newmont
Reiterated RatingC$53.00Outperform OverweightN/A
4/8/2024
OGC
OceanaGold
Reiterated RatingC$3.00Outperform OverweightN/A
4/5/2024
EXROF
Exro Technologies
Reiterated Rating$0.00Outperform Market WeightLow
4/3/2024
AY
Atlantica Sustainable Infrastructure
Downgrade$18.00Outperform ➝ Sector PerformLow
3/21/2024
ATD
Alimentation Couche-Tard
DowngradeC$75.00Outperform Overweight ➝ Sector Perform OverweightN/A
3/13/2024
DOL
Dollarama
UpgradeC$114.00Sector Perform Market Weight ➝ Outperform Market WeightN/A
2/29/2024
FM
First Quantum Minerals
UpgradeC$16.00Sec Perform Spec Market Wgt ➝ Outperform Spec Market WeightN/A
2/29/2024
GDI
GDI Integrated Facility Services
DowngradeC$39.00Outperfrom Under Weight ➝ Sector Perform Under WeightN/A
2/28/2024
EQB
EQB
DowngradeC$85.00Outperform Market Weight ➝ Sector Perform Market WeightN/A
2/21/2024
WPM
Wheaton Precious Metals
DowngradeC$73.00Outperform Market Weight ➝ Sector Perform OverweightN/A
2/21/2024
WPM
Wheaton Precious Metals
Downgrade$53.00Outperform ➝ Sector PerformLow
2/20/2024
TRI
Thomson Reuters
DowngradeC$210.00Sector Perform Under Weight ➝ Underperform UnderweightN/A
2/20/2024
TRI
Thomson Reuters
Downgrade$153.00Sector Perform Under Weight ➝ Underperform UnderweightLow
2/15/2024
RGLD
Royal Gold
Upgrade$122.00Sector Perform ➝ OutperformLow
2/8/2024
LSPD
Lightspeed Commerce
Downgrade$13.00Outperform Market Weight ➝ Sector Perform Market WeightLow
2/7/2024
FTT
Finning International
UpgradeC$42.00Sector Perform Market Weight ➝ Outperform Market WeightN/A
1/30/2024
BIP
Brookfield Infrastructure Partners
Downgrade$26.00Outperform ➝ Sector PerformLow
1/29/2024
DOL
Dollarama
DowngradeC$114.00Outperform Market Weight ➝ Sector Perform Market WeightN/A
1/24/2024
EFX
Enerflex
UpgradeC$8.00Sector Perform Market Weight ➝ Outperform Market WeightN/A
1/18/2024
RCH
Richelieu Hardware
DowngradeC$40.00Outperform Market Weight ➝ Sector Perform Market WeightN/A
1/15/2024
ABX
Barrick Gold
Boost Price TargetC$23.00 C$29.00Sector PerformN/A
1/3/2024
BDT
Bird Construction
DowngradeC$18.00Outperform Market Weight ➝ Sector Perform Market WeightN/A
1/3/2024
AEM
Agnico Eagle Mines
Reiterated Rating$63.00Outperform OverweightLow
1/3/2024
AGI
Alamos Gold
Reiterated Rating$15.00Outperform OverweightLow
1/3/2024
CDE
Coeur Mining
Reiterated Rating$5.00Outperform Spec Market WeightLow
1/3/2024
CGAU
Centerra Gold
Reiterated Rating$6.00Outperform Spec OverweightLow
1/3/2024
EGO
Eldorado Gold
Reiterated Rating$15.00Outperform Spec OverweightLow
1/3/2024
EQX
Equinox Gold
Reiterated Rating$6.00Sector Perform Spec OverwgtN/A
1/3/2024
GOLD
Barrick Gold
Reiterated Rating$17.00Sector Perform OverweightLow
1/3/2024
HL
Hecla Mining
Reiterated Rating$5.00Outperform Market WeightLow
1/3/2024
IAG
IAMGOLD
Reiterated Rating$4.00Sector Perform Spec OverwgtLow
1/3/2024
KGC
Kinross Gold
Reiterated Rating$6.00Outperform OverweightLow
1/3/2024
NEM
Newmont
Reiterated Rating$39.00Outperform OverweightLow
1/3/2024
NG
NovaGold Resources
Reiterated Rating$3.00Outperform OverweightN/A
1/3/2024
NGD
New Gold
Reiterated Rating$2.00Sector Perform Spec OverwgtN/A
1/3/2024
SSRM
SSR Mining
Reiterated Rating$5.00Sector Perform OverweightLow
1/3/2024
ABX
Barrick Gold
Reiterated RatingC$23.00Sector Perform OverweightN/A
1/3/2024
AEM
Agnico Eagle Mines
Reiterated RatingC$87.00Outperform OverweightN/A
1/3/2024
AGI
Alamos Gold
Reiterated RatingC$21.00Outperform OverweightN/A
1/3/2024
CG
Centerra Gold
Reiterated RatingC$8.00Outperform Spec OverweightN/A
1/3/2024
ELD
Eldorado Gold
Reiterated RatingC$21.00Outperform Spec OverweightN/A
1/3/2024
EQX
Equinox Gold
Reiterated RatingC$8.00Sector Perform Spec OverwgtN/A
1/3/2024
IMG
IAMGOLD
Reiterated RatingC$5.00Sector Perform Spec OverwgtN/A
1/3/2024
K
Kinross Gold
Reiterated RatingC$9.00Outperform OverweightN/A
1/3/2024
NG
NovaGold Resources
Reiterated RatingC$4.00Outperform OverweightN/A
1/3/2024
NGD
New Gold
Reiterated RatingC$2.00Sector Perform Spec OverwgtN/A
1/3/2024
NGT
Newmont
Reiterated RatingC$53.00Outperform OverweightN/A
1/3/2024
OGC
OceanaGold
Reiterated RatingC$3.00Outperform OverweightN/A
12/20/2023
BMO
Bank of Montreal
Upgrade$92.00Sector Perform ➝ OutperformLow
12/20/2023
CM
Canadian Imperial Bank of Commerce
Upgrade$48.00Sector Perform ➝ OutperformLow
12/14/2023
MTAL
Metals Acquisition
Initiated Coverage$13.00 $14.00OutperformLow
12/13/2023
MTAL
Metals Acquisition
Reiterated Rating$13.00Outperform Spec Market WeightLow
12/8/2023
EQB
EQB
Reiterated RatingC$85.00Outperform Market WeightN/A
12/4/2023
RUS
Russel Metals
UpgradeC$40.00Sector Perform Market Weight ➝ Outperform Market WeightN/A
11/27/2023
ARMN
Aris Mining
Reiterated Rating$4.00Outperform Spec OverweightLow
11/21/2023
PDS
Precision Drilling
Downgrade$68.00Outperform ➝ Sector PerformLow
11/20/2023
CEU
CES Energy Solutions
DowngradeC$5.00Outperform Market Weight ➝ Sector Perform Market WeightN/A
11/20/2023
PSI
Pason Systems
DowngradeC$16.00Outperform Market Weight ➝ Sector Perform Market WeightN/A
11/16/2023
AND
Andlauer Healthcare Group
Reiterated RatingC$42.00Sector Perform Market WeightN/A
11/15/2023
LAC
Lithium Americas
Initiated Coverage$5.00OutperformLow
11/14/2023
ECN
ECN Capital
DowngradeC$2.00Outperform Market Weight ➝ Sector Perform Market WeightN/A
11/9/2023
AIF
Altus Group
DowngradeC$51.00Outperfrom Under Weight ➝ Sector Perform Under WeightN/A
11/7/2023
LEV
Lion Electric
Downgrade$1.00Outperform Spec Market Weight ➝ Sec Perform Spec Market WgtLow
11/2/2023
LUN
Lundin Mining
UpgradeC$16.00Sector Perform Market Weight ➝ Outperform Market WeightN/A
10/30/2023
FM
First Quantum Minerals
DowngradeC$16.00Outperform Spec Market Weight ➝ Sec Perform Spec Market WgtN/A
10/30/2023
CJREF
Corus Entertainment
Upgrade$0.00Underperform ➝ Sector PerformLow
10/25/2023
CEU
CES Energy Solutions
Reiterated RatingC$5.00Outperform Market WeightN/A
10/25/2023
RSI
Rogers Sugar
Reiterated RatingC$5.00Sector Perform OverweightN/A
10/25/2023
SVI
StorageVault Canada
Reiterated RatingC$5.00Sector Perform Under WeightN/A
10/25/2023
TCN
Tricon Residential
Reiterated RatingC$15.00Sector Perform Under WeightN/A
10/25/2023
TCN
Tricon Residential
Reiterated Rating$11.00Sector Perform Under WeightLow
10/18/2023
BIP
Brookfield Infrastructure Partners
Upgrade$26.00 $33.00Sector Perform Overweight ➝ Outperform OverweightLow
10/16/2023
LB
Laurentian Bank of Canada
DowngradeC$26.00Sector Perform Market Weight ➝ Underperform Market WeightN/A
10/12/2023
ERF
Enerplus
Boost Price Target$20.00$23.00 ➝ $25.00Low
10/12/2023
OVV
Ovintiv
Boost Price Target$52.00$59.00 ➝ $69.00Low
10/12/2023
CNQ
Canadian Natural Resources
Boost Price TargetC$106.00C$90.00 ➝ C$101.00N/A
10/12/2023
CVE
Cenovus Energy
Boost Price TargetC$29.00C$31.00 ➝ C$37.00N/A
10/12/2023
IMO
Imperial Oil
Boost Price TargetC$95.00C$82.00 ➝ C$111.00N/A