TD Securities Stock Recommendations and Price Targets

This is a list of recent ratings by TD Securities.

Date	Company Name	Action	Current Price	Price Target	Rating
1/27/2026	GIL Gildan Activewear	Reiterated Rating	$67.00	$77.00	Buy ➝ Buy
1/26/2026	ATS ATS	Reiterated Rating	$29.00		Buy ➝ Buy
1/26/2026	CESDF CES Energy Solutions	Downgrade	$10.00		Buy ➝ Hold
1/26/2026	ATS ATS	Boost Price Target	C$40.00	C$46.00 ➝ C$48.00	Buy
1/26/2026	CEU CES Energy Solutions	Downgrade	C$14.00	C$12.00 ➝ C$16.00	Buy ➝ Hold
1/26/2026	PD Precision Drilling	Boost Price Target	C$108.00	C$80.00 ➝ C$118.00
1/23/2026	SII Sprott	Reiterated Rating	$132.00		Hold ➝ Hold
1/23/2026	SII Sprott	Boost Price Target	C$179.00	C$130.00 ➝ C$176.00	Hold
1/22/2026	TECK Teck Resources	Downgrade	$56.00		Buy ➝ Hold
1/22/2026	AGI Alamos Gold	Boost Price Target	C$58.00	C$55.00 ➝ C$66.00
1/22/2026	CCO Cameco	Boost Price Target	C$172.00	C$150.00 ➝ C$185.00
1/22/2026	CG Centerra Gold	Boost Price Target	C$26.00	C$19.00 ➝ C$30.00
1/22/2026	DPM Dundee Precious Metals	Boost Price Target	C$51.00	C$42.00 ➝ C$57.00
1/22/2026	EDR Endeavour Silver	Boost Price Target	C$18.00	C$14.00 ➝ C$21.00
1/22/2026	EQX Equinox Gold	Boost Price Target	C$22.00	C$21.00 ➝ C$26.00
1/22/2026	ERO Ero Copper	Boost Price Target	C$47.00	C$33.00 ➝ C$45.00
1/22/2026	AG First Majestic Silver	Boost Price Target	C$34.00	C$22.00 ➝ C$36.00
1/22/2026	FM First Quantum Minerals	Boost Price Target	C$42.00	C$34.00 ➝ C$41.00
1/22/2026	HBM Hudbay Minerals	Boost Price Target	C$35.00	C$17.00 ➝ C$43.00	Buy
1/22/2026	IMG IAMGOLD	Boost Price Target	C$28.00	C$24.00 ➝ C$34.00
1/22/2026	LUG Lundin Gold	Boost Price Target	C$120.00	C$95.00 ➝ C$114.00
1/22/2026	LUN Lundin Mining	Boost Price Target	C$35.00	C$28.00 ➝ C$42.00
1/22/2026	NXE NexGen Energy	Boost Price Target	C$18.00	C$15.00 ➝ C$20.00
1/22/2026	OGC OceanaGold	Boost Price Target	C$50.00	C$38.00 ➝ C$56.00
1/22/2026	OR Osisko Gold Royalties	Boost Price Target	C$62.00	C$52.00 ➝ C$66.00
1/22/2026	OLA Orla Mining	Lower Price Target	C$25.00	C$28.00 ➝ C$25.00
1/22/2026	SKE Skeena Resources	Boost Price Target	C$45.00	C$35.00 ➝ C$49.00
1/22/2026	SSRM SSR Mining	Upgrade	C$37.00	C$33.00 ➝ C$43.00	Hold ➝ Buy
1/22/2026	TKO Taseko Mines	Boost Price Target	C$11.00	C$6.50 ➝ C$12.00
1/22/2026	TECK.B Teck Resources	Downgrade	C$76.00	C$70.00 ➝ C$76.00	Buy ➝ Hold
1/22/2026	TXG Torex Gold Resources	Boost Price Target	C$78.00	C$78.00 ➝ C$96.00
1/22/2026	WDO Wesdome Gold Mines	Boost Price Target	C$25.00	C$25.00 ➝ C$30.00
1/22/2026	SSRM Silver Standard Resources	Upgrade	$27.00		Hold ➝ Strong-Buy
1/21/2026	CCL.B CCL Industries	Boost Price Target	C$86.00	C$100.00 ➝ C$105.00
1/21/2026	CLS Celestica	Set Price Target	$331.00	$305.00	Hold
1/21/2026	MERC Mercer International	Downgrade	$2.00	$2.00 ➝ $2.25	Hold ➝ Sell
1/21/2026	WFG West Fraser Timber	Boost Price Target	C$96.00	C$88.00 ➝ C$93.00
1/21/2026	CLS Celestica	Upgrade	C$451.00		Hold
1/20/2026	KEY Keyera	Lower Price Target	C$45.00	C$54.00 ➝ C$52.00	Buy
1/19/2026	EHMEF goeasy	Downgrade	$94.00		Hold
1/19/2026	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$249.00	C$203.00 ➝ C$278.00	Hold
1/19/2026	EIF Exchange Income	Boost Price Target	C$98.00	C$92.00 ➝ C$102.00	Buy
1/19/2026	GSY goeasy	Downgrade	C$128.00	C$160.00 ➝ C$135.00	Buy ➝ Hold
1/16/2026	IIPZF InterRent Real Estate Investment Trust	Downgrade	$10.00		Strong-Buy ➝ Strong Sell
1/16/2026	BTE Baytex Energy	Downgrade	C$5.00	C$5.00	Buy ➝ Hold
1/16/2026	CP Canadian Pacific Kansas City	Lower Price Target	C$98.00	C$119.00 ➝ C$116.00
1/16/2026	CGX Cineplex	Lower Price Target	C$10.00	C$17.00 ➝ C$16.00	Buy
1/16/2026	CCA Cogeco Communications	Boost Price Target	C$67.00	C$95.00 ➝ C$100.00	Buy
1/16/2026	CGO Cogeco	Boost Price Target	C$68.00	C$110.00 ➝ C$120.00	Buy
1/15/2026	DCBO Docebo	Upgrade	$19.00		Strong-Buy
1/15/2026	LSPD Lightspeed Commerce	Upgrade	$12.00		Hold
1/14/2026	GRT.UN Granite Real Estate Investment Trust	Boost Price Target	C$87.00	C$88.00 ➝ C$94.00
1/14/2026	GWO Great-West Lifeco	Boost Price Target	C$65.00	C$70.00 ➝ C$73.00
1/14/2026	IAG iA Financial	Boost Price Target	C$167.00	C$178.00 ➝ C$192.00
1/14/2026	MFC Manulife Financial	Boost Price Target	C$51.00	C$57.00 ➝ C$60.00
1/14/2026	SLF Sun Life Financial	Boost Price Target	C$86.00	C$99.00 ➝ C$104.00
1/13/2026	KXS Kinaxis	Upgrade	C$146.00		Strong-Buy
1/13/2026	AFN Ag Growth International	Set Price Target	C$30.00	C$41.00	Buy
1/12/2026	CAE CAE	Reiterated Rating	$34.00		Buy ➝ Buy
1/12/2026	CAE CAE	Boost Price Target	C$46.00	C$46.00 ➝ C$53.00	Buy
1/12/2026	GEI Gibson Energy	Boost Price Target	C$26.00	C$23.00 ➝ C$26.00	Hold
1/12/2026	PPL Pembina Pipeline	Lower Price Target	C$55.00	C$60.00 ➝ C$59.00	Buy
1/9/2026	ATZAF Aritzia	Reiterated Rating	$85.00		Buy ➝ Buy
1/9/2026	ATZ Aritzia	Boost Price Target	C$116.00	C$133.00 ➝ C$155.00	Buy
1/9/2026	BLDP Ballard Power Systems	Upgrade	$3.00	$2.50	Sell ➝ Hold
1/6/2026	DALXF Spartan Delta	Reiterated Rating	$7.00		Buy ➝ Buy
1/6/2026	KEL Kelt Exploration	Set Price Target	C$8.00	C$9.50	Buy
1/6/2026	SDE Spartan Delta	Boost Price Target	C$9.00	C$7.50 ➝ C$9.50	Buy
12/30/2025	GDI GDI Integrated Facility Services	Downgrade	C$36.00	C$31.00 ➝ C$36.60	Hold ➝ Sell
12/24/2025	GDI GDI Integrated Facility Services	Downgrade	C$36.00	C$31.00 ➝ C$36.60	Hold ➝ Sell
12/23/2025	GDIFF GDI Integrated Facility Services	Downgrade	$26.00		Hold ➝ Sell
12/23/2025	WSPOF WSP Global	Reiterated Rating	$195.00		Buy ➝ Buy
12/23/2025	BTEGF Baytex Energy	Reiterated Rating	$3.00		Buy ➝ Buy
12/23/2025	BTE Baytex Energy	Boost Price Target	C$5.00	C$4.75 ➝ C$5.00	Buy
12/23/2025	WSP WSP Global	Boost Price Target	C$266.00	C$330.00 ➝ C$335.00	Buy
12/22/2025	ATZ Aritzia	Boost Price Target	C$116.00	C$110.00 ➝ C$133.00
12/22/2025	BB BlackBerry	Upgrade	$4.00		Hold
12/22/2025	BB BlackBerry	Upgrade	C$5.00		Hold
12/19/2025	NOA North American Construction Group	Lower Price Target	C$20.00	C$21.00 ➝ C$19.00	Hold
12/18/2025	PRBZF Premium Brands	Reiterated Rating	$68.00		Buy ➝ Buy
12/18/2025	DIR.UN Dream Industrial Real Estate Invest Trst	Boost Price Target	C$13.00	C$14.00 ➝ C$14.50	Buy
12/18/2025	DRM Dream Unlimited	Boost Price Target	C$20.00	C$27.00 ➝ C$28.00	Buy
12/18/2025	PBH Premium Brands	Boost Price Target	C$93.00	C$145.00 ➝ C$160.00
12/16/2025	IMO Imperial Oil	Lower Price Target	C$141.00	C$107.00 ➝ C$106.00
12/16/2025	PPL Pembina Pipeline	Lower Price Target	C$55.00	C$65.00 ➝ C$60.00
12/16/2025	PBA Pembina Pipeline	Lower Price Target	$41.00	$65.00 ➝ $60.00	Buy ➝ Buy
12/16/2025	ATX ATEX Resources	Upgrade	C$4.00		Strong-Buy
12/15/2025	T TELUS	Lower Price Target	C$19.00	C$26.00 ➝ C$25.00	Buy
12/12/2025	EMLAF Empire	Reiterated Rating	$33.00		Hold ➝ Hold
12/12/2025	DLMAF Dollarama	Reiterated Rating	$138.00		Buy ➝ Buy
12/12/2025	AP.UN Allied Properties Real Estate Investment Trust	Lower Price Target	C$14.00	C$16.00 ➝ C$14.50	Hold
12/12/2025	BEI.UN Boardwalk Real Estate Investment Trust	Lower Price Target	C$67.00	C$88.00 ➝ C$85.00	Buy
12/12/2025	HOM.U Bsr Real Estate Investment Trust	Lower Price Target	C$12.00	C$16.00 ➝ C$15.50	Buy
12/12/2025	CAR.UN Canadian Apartment Properties REIT	Lower Price Target	C$38.00	C$49.00 ➝ C$47.00	Buy
12/12/2025	DOL Dollarama	Boost Price Target	C$188.00	C$210.00 ➝ C$235.00	Buy
12/12/2025	EMP.A Empire	Lower Price Target	C$44.00	C$58.00 ➝ C$50.00	Hold
12/12/2025	KMP.UN Killam Apartment REIT	Lower Price Target	C$17.00	C$22.00 ➝ C$21.00	Buy
12/12/2025	MI.UN Minto Apartment Real Estate Invt Trust	Lower Price Target	C$17.00	C$17.00 ➝ C$16.50	Buy
12/12/2025	SU Suncor Energy	Boost Price Target	C$70.00	C$71.00 ➝ C$73.00	Buy
12/11/2025	VET Vermilion Energy	Reiterated Rating	$10.00		Buy ➝ Buy