Scotiabank Stock Recommendations and Price Targets

This is a list of recent ratings by Scotiabank.

DateCompany NameActionCurrent
Price
Price
Target
Rating
1/27/2026
LIMAF
Linamar
Reiterated Rating$65.00Sector Perform ➝ Sector Perform
1/27/2026
CADNF
Cascades
Reiterated Rating$10.00Outperform ➝ Outperform
1/27/2026
SCCO
Southern Copper
Reiterated Rating$194.00Underperform ➝ Underperform
1/27/2026
ALYA
Alithya Group
Set Price TargetC$2.00 C$40.00Outperform
1/27/2026
CAS
Cascades
Boost Price TargetC$13.00C$13.50 ➝ C$16.00Outperform
1/27/2026
GIB.A
CGI
Set Price TargetC$120.00 C$140.00Sector Perform
1/27/2026
LNR
Linamar
Boost Price TargetC$89.00C$83.00 ➝ C$98.00Sector Perform
1/27/2026
MGA
Magna International
Boost Price Target$54.00$52.00 ➝ $57.00Sector Perform
1/27/2026
DDOG
Datadog
Lower Price Target$138.00$217.00 ➝ $180.00Sector Outperform ➝ Sector Outperform
1/27/2026
SCCO
Southern Copper
Boost Price Target$194.00$92.00 ➝ $125.00Sector Underperform ➝ Sector Underperform
1/27/2026
KD
Kyndryl
Initiated Coverage$24.00Outperform
1/27/2026
GIB
CGI Group
Initiated Coverage$88.00Sector Perform
1/26/2026
TORXF
Torex Gold Resources
Reiterated Rating$58.00Outperform ➝ Outperform
1/26/2026
TECK
Teck Resources
Reiterated Rating$56.00Sector Perform ➝ Sector Perform
1/26/2026
SKE
Skeena Resources
Reiterated Rating$33.00Outperform ➝ Outperform
1/26/2026
LWSCF
Sienna Senior Living
Reiterated Rating$16.00Outperform ➝ Outperform
1/26/2026
RUPRF
Rupert Resources
Reiterated Rating$5.00Outperform ➝ Outperform
1/26/2026
ORLA
Orla Mining
Reiterated Rating$19.00Outperform ➝ Outperform
1/26/2026
OCANF
OceanaGold
Reiterated Rating$37.00Outperform ➝ Outperform
1/26/2026
MAUTF
Montage Gold
Reiterated Rating$9.00Outperform ➝ Outperform
1/26/2026
MRRDF
Meridian Mining UK Societas
Reiterated Rating$1.00Outperform ➝ Outperform
1/26/2026
LUNMF
Lundin Mining
Reiterated Rating$26.00Outperform ➝ Outperform
1/26/2026
LUGDF
Lundin Gold
Reiterated Rating$89.00Sector Perform ➝ Sector Perform
1/26/2026
KNTNF
K92 Mining
Reiterated Rating$21.00Outperform ➝ Outperform
1/26/2026
IVPAF
Ivanhoe Mines
Reiterated Rating$14.00Outperform ➝ Outperform
1/26/2026
HBM
HudBay Minerals
Reiterated Rating$26.00Outperform ➝ Outperform
1/26/2026
GAU
Galiano Gold
Reiterated Rating$3.00Sector Perform ➝ Sector Perform
1/26/2026
ERO
Ero Copper
Reiterated Rating$35.00Outperform ➝ Outperform
1/26/2026
EQX
Equinox Gold
Reiterated Rating$17.00Outperform ➝ Outperform
1/26/2026
EDVMF
Endeavour Mining
Reiterated Rating$60.00Outperform ➝ Outperform
1/26/2026
DPMLF
DPM Metals
Reiterated Rating$39.00Outperform ➝ Outperform
1/26/2026
CSCCF
Capstone Copper
Reiterated Rating$12.00Outperform ➝ Outperform
1/26/2026
BTG
B2Gold
Reiterated Rating$5.00Sector Perform ➝ Sector Perform
1/26/2026
AYASF
Aya Gold & Silver
Reiterated Rating$19.00Outperform ➝ Outperform
1/26/2026
ABBRF
AbraSilver Resource
Reiterated Rating$10.00Outperform ➝ Outperform
1/26/2026
WPM
Wheaton Precious Metals
Reiterated Rating$149.00 $175.00Outperform ➝ Outperform
1/26/2026
TFPM
Triple Flag Precious Metals
Boost Price Target$38.00$34.00 ➝ $43.00Sector Perform ➝ Sector Perform
1/26/2026
PAAS
Pan American Silver
Boost Price Target$64.00$47.00 ➝ $64.00Outperform ➝ Outperform
1/26/2026
OR
OR Royalties
Boost Price Target$46.00$41.00 ➝ $51.00Sector Perform ➝ Sector Perform
1/26/2026
NGD
New Gold
Boost Price Target$13.00 $12.75Outperform ➝ Outperform
1/26/2026
NEM
Newmont
Boost Price Target$126.00$114.00 ➝ $152.00Outperform ➝ Outperform
1/26/2026
MTA
Metalla Royalty & Streaming
Reiterated Rating$8.00Sector Perform ➝ Sector Perform
1/26/2026
KGC
Kinross Gold
Boost Price Target$38.00$32.00 ➝ $45.00Outperform ➝ Outperform
1/26/2026
IAG
Iamgold
Boost Price Target$21.00 $23.00Sector Perform ➝ Sector Perform
1/26/2026
HL
Hecla Mining
Boost Price Target$28.00$15.00 ➝ $25.00Sector Perform ➝ Sector Perform
1/26/2026
GROY
Gold Royalty
Boost Price Target$5.00$5.00 ➝ $6.00Outperform ➝ Outperform
1/26/2026
GFI
Gold Fields
Boost Price Target$56.00$47.00 ➝ $61.00Sector Perform ➝ Sector Perform
1/26/2026
FSM
Fortuna Mining
Boost Price Target$12.00$11.00 ➝ $14.00Outperform ➝ Outperform
1/26/2026
FNV
Franco-Nevada
Boost Price Target$260.00$225.00 ➝ $283.00Sector Perform ➝ Sector Perform
1/26/2026
CGAU
Centerra Gold
Boost Price Target$19.00$13.50 ➝ $19.00Outperform ➝ Outperform
1/26/2026
B
Barrick Mining
Boost Price Target$52.00$43.00 ➝ $63.00Outperform ➝ Outperform
1/26/2026
AU
AngloGold Ashanti
Boost Price Target$109.00$92.00 ➝ $131.00Outperform ➝ Outperform
1/26/2026
AGI
Alamos Gold
Boost Price Target$43.00$50.00 ➝ $55.00Outperform ➝ Outperform
1/26/2026
AG
First Majestic Silver
Boost Price Target$26.00$12.50 ➝ $23.00Sector Perform ➝ Sector Perform
1/26/2026
AEM
Agnico Eagle Mines
Boost Price Target$215.00$219.00 ➝ $276.00Outperform ➝ Outperform
1/26/2026
NEXA
Nexa Resources
Reiterated Rating$14.00Sector Perform ➝ Sector Perform
1/26/2026
BFC
Bank First National
Upgrade$138.00Sector Outperform
1/26/2026
WFSTF
Western Forest Products
Reiterated Rating$11.00Sector Perform ➝ Sector Perform
1/26/2026
IFSPF
Interfor
Upgrade$8.00Sector Perform ➝ Outperform
1/26/2026
RGLD
Royal Gold
Downgrade$293.00 $335.00Sector Outperform ➝ Sector Perform
1/26/2026
EGO
Eldorado Gold
Upgrade$48.00Sector Perform ➝ Sector Outperform
1/26/2026
CPAY
Corpay
Upgrade$318.00Sector Outperform
1/26/2026
FCX
Freeport-McMoRan
Boost Price Target$63.00$63.00 ➝ $70.00Outperform ➝ Outperform
1/26/2026
CFP
Canfor
UpgradeC$15.00C$13.00 ➝ C$16.00Strong Sell ➝ Hold
1/26/2026
DPM
Dundee Precious Metals
Boost Price TargetC$53.00C$43.00 ➝ C$55.00
1/26/2026
OLA
Orla Mining
Boost Price TargetC$25.00C$21.00 ➝ C$26.50
1/26/2026
SKE
Skeena Resources
Boost Price TargetC$45.00C$25.00 ➝ C$44.00
1/26/2026
SGD
Snowline Gold
Boost Price TargetC$16.00C$20.00 ➝ C$25.00
1/26/2026
MTA
Metalla Royalty
Boost Price Target$9.00$7.50 ➝ $9.00Sector Perform ➝ Sector Perform
1/26/2026
ELD
Eldorado Gold
UpgradeC$66.00Hold ➝ Strong-Buy
1/26/2026
TXG
Torex Gold Resources
Boost Price TargetC$79.00C$72.00 ➝ C$95.00
1/26/2026
WEF
Western Forest Products
Boost Price TargetC$16.00C$12.50 ➝ C$18.00Sector Perform
1/26/2026
IFP
Interfor
UpgradeC$10.00C$13.00 ➝ C$14.00Hold ➝ Outperform
1/26/2026
KNT
K92 Mining
Boost Price TargetC$28.00C$20.50 ➝ C$32.00
1/26/2026
LUG
Lundin Gold
Boost Price TargetC$121.00C$70.00 ➝ C$90.00
1/26/2026
MAU
Montage Gold
Boost Price TargetC$4.00C$10.00 ➝ C$15.00
1/26/2026
OGC
OceanaGold
Boost Price TargetC$50.00C$44.00 ➝ C$65.00
1/23/2026
AGFMF
AGF Management
Reiterated Rating$13.00Sector Perform ➝ Sector Perform
1/23/2026
KMI
Kinder Morgan
Boost Price Target$30.00$29.00 ➝ $30.00Sector Perform ➝ Sector Perform
1/22/2026
WSPOF
WSP Global
Reiterated Rating$197.00Outperform ➝ Outperform
1/22/2026
STN
Stantec
Reiterated Rating$101.00Outperform ➝ Outperform
1/22/2026
JNJ
Johnson & Johnson
Reiterated Rating$224.00Outperform ➝ Outperform
1/22/2026
STN
Stantec
Boost Price TargetC$137.00C$161.00 ➝ C$162.00Outperform
1/22/2026
WSP
WSP Global
Boost Price TargetC$270.00C$318.00 ➝ C$320.00Outperform
1/22/2026
JNJ
Johnson & Johnson
Boost Price Target$224.00$230.00 ➝ $265.00Sector Outperform ➝ Sector Outperform
1/21/2026
TFII
TFI International
Reiterated Rating$109.00Sector Perform ➝ Sector Perform
1/21/2026
DALXF
Spartan Delta
Reiterated Rating$7.00Outperform ➝ Outperform
1/21/2026
PEYUF
Peyto Exploration & Development
Reiterated Rating$18.00Outperform ➝ Outperform
1/21/2026
PRMRF
Paramount Resources
Reiterated Rating$19.00Outperform ➝ Outperform
1/21/2026
NUVSF
NuVista Energy
Reiterated Rating$14.00Sector Perform ➝ Sector Perform
1/21/2026
MLLGF
Mullen Group
Reiterated Rating$12.00Sector Perform ➝ Sector Perform
1/21/2026
MDALF
MDA
Reiterated Rating$29.00Outperform ➝ Outperform
1/21/2026
EIFZF
Exchange Income
Reiterated Rating$72.00Outperform ➝ Outperform
1/21/2026
CGJTF
Cargojet
Reiterated Rating$70.00Outperform ➝ Outperform
1/21/2026
CP
Canadian Pacific Kansas City
Reiterated Rating$73.00Outperform ➝ Outperform
1/21/2026
CAE
CAE
Reiterated Rating$34.00Outperform ➝ Outperform
1/21/2026
ACDVF
Air Canada
Reiterated Rating$14.00Outperform ➝ Outperform
1/21/2026
GFL
GFL Environmental
Reiterated Rating$44.00Outperform ➝ Outperform
1/21/2026
NFG
National Fuel Gas
Set Price Target$83.00 $101.00
1/21/2026
CNX
CNX Resources
Reiterated Rating$37.00 $44.00Sector Perform ➝ Sector Perform