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
First Quantum Minerals Ltd. (FM.TO) logo
FM
First Quantum Minerals Ltd. (FM.TO)
Boost Price TargetC$15.00C$18.50 ➝ C$19.00OutperformN/A
Gildan Activewear logo
GIL
Gildan Activewear
Boost Price TargetC$28.00C$31.00 ➝ C$33.00OutperformN/A
FOOD
Goodfood Market Corp. (FOOD.TO)
Boost Price TargetC$9.00C$9.00 ➝ C$10.50OutperformN/A
North American Construction Group Ltd. (NOA.TO) logo
NOA
North American Construction Group Ltd. (NOA.TO)
Boost Price TargetC$10.00C$15.00 ➝ C$17.00OutperformN/A
Osisko Gold Royalties Ltd (OR.TO) logo
OR
Osisko Gold Royalties Ltd (OR.TO)
Reiterated RatingC$15.00 C$23.00OutperformN/A
Element Fleet Management logo
EFN
Element Fleet Management
Boost Price TargetC$13.00C$14.00 ➝ C$18.00OutperformN/A
Mullen Group Ltd. (MTL.TO) logo
MTL
Mullen Group Ltd. (MTL.TO)
Boost Price TargetC$9.00C$11.00 ➝ C$11.75OutperformN/A
Rogers Communications logo
RCI.B
Rogers Communications
Boost Price TargetC$54.00C$67.00 ➝ C$68.00OutperformN/A
National Bank of Canada logo
NTIOF
National Bank of Canada
Upgrade$48.00Sell ➝ BuyLow
Capstone Mining Corp. (CS.TO) logo
CS
Capstone Mining Corp. (CS.TO)
Boost Price TargetC$2.00C$1.80 ➝ C$2.10OutperformN/A
First National Financial Co. (FN.TO) logo
FN
First National Financial Co. (FN.TO)
Boost Price TargetC$37.00C$36.00 ➝ C$39.00Sector PerformN/A
LSPD
Lightspeed POS
Lower Price Target$32.00$50.00 ➝ $45.00OutperformLow
LSPD
Lightspeed POS
Lower Price Target$32.00$50.00 ➝ $45.00OutperformLow
Barrick Gold Co. (ABX.TO) logo
ABX
Barrick Gold Co. (ABX.TO)
Lower Price TargetC$36.00C$44.00 ➝ C$42.00Sector PerformN/A
Tourmaline Oil Corp. (TOU.TO) logo
TOU
Tourmaline Oil Corp. (TOU.TO)
Set Price TargetC$17.00 C$30.00OutperformN/A
Falco Resources Ltd. (FPC.V) logo
FPC
Falco Resources Ltd. (FPC.V)
Boost Price TargetC$0.00C$0.45 ➝ C$0.55OutperformN/A
LAC
Lithium Americas
Boost Price Target$10.00$10.00 ➝ $12.50OutperformMedium
Savaria Co. (SIS.TO) logo
SIS
Savaria Co. (SIS.TO)
Boost Price TargetC$14.00C$15.50 ➝ C$17.00OutperformN/A
Stingray Group logo
RAY.A
Stingray Group
Boost Price TargetC$6.00C$7.00 ➝ C$7.50OutperformN/A
Canadian Pacific Railway Limited (CP.TO) logo
CP
Canadian Pacific Railway Limited (CP.TO)
Boost Price TargetC$398.00C$422.00 ➝ C$433.00Sector PerformN/A
Intact Financial Co. (IFC.TO) logo
IFC
Intact Financial Co. (IFC.TO)
Boost Price TargetC$138.00C$165.00 ➝ C$168.00OutperformN/A
TransAlta Renewables Inc. (RNW.TO) logo
RNW
TransAlta Renewables Inc. (RNW.TO)
DowngradeC$17.00C$17.50 ➝ C$18.00Outperform ➝ Sector PerformN/A
Absolute Software Co. (ABT.TO) logo
ABT
Absolute Software Co. (ABT.TO)
Boost Price TargetC$15.00C$17.00 ➝ C$18.00N/A
Altus Group Limited (AIF.TO) logo
AIF
Altus Group Limited (AIF.TO)
Boost Price TargetC$55.00C$45.00 ➝ C$52.00N/A
Equitable Group logo
EQB
Equitable Group
Boost Price TargetC$85.00C$95.00 ➝ C$104.00OutperformN/A
Lightspeed POS logo
LSPD
Lightspeed POS
Lower Price TargetC$43.00C$50.00 ➝ C$45.00OutperformN/A
Taseko Mines Limited (TKO.TO) logo
TKO
Taseko Mines Limited (TKO.TO)
Lower Price TargetC$1.00C$1.80 ➝ C$1.75Sector PerformN/A
Trisura Group logo
TSU
Trisura Group
Reiterated RatingC$87.00 C$114.00OutperformN/A
Sierra Wireless logo
SWIR
Sierra Wireless
Reiterated Rating$11.00Sector Perform OverweightLow
Absolute Software Co. (ABT.TO) logo
ABT
Absolute Software Co. (ABT.TO)
Reiterated RatingC$15.00Sector Perform Market WeightN/A
Altus Group Limited (AIF.TO) logo
AIF
Altus Group Limited (AIF.TO)
Reiterated RatingC$55.00Sector Perform Market WeightN/A
Sierra Wireless, Inc. (SW.TO) logo
SW
Sierra Wireless, Inc. (SW.TO)
Reiterated RatingC$15.00Sector Perform OverweightN/A
BYD
Boyd Group Income Fund
DowngradeC$191.00C$235.00 ➝ C$230.00Outperform ➝ Sector PerformN/A
OceanaGold Co. (OGC.TO) logo
OGC
OceanaGold Co. (OGC.TO)
Set Price TargetC$2.00 C$4.25OutperformN/A
Cenovus Energy logo
CVE
Cenovus Energy
Boost Price Target$3.00$8.00 ➝ $10.00OutperformHigh
Allied Properties Real Estate Investment logo
AP.UN
Allied Properties Real Estate Investment
Lower Price TargetC$32.00C$54.00 ➝ C$48.00N/A
APR.UN
Automotive Properties Real Est Invt TR
Boost Price TargetC$10.00C$11.00 ➝ C$11.50N/A
Cascades Inc. (CAS.TO) logo
CAS
Cascades Inc. (CAS.TO)
Reiterated RatingC$14.00 C$22.50OutperformN/A
Cenovus Energy logo
CVE
Cenovus Energy
Boost Price TargetC$4.00C$8.00 ➝ C$10.00OutperformN/A
Crombie Real Estate Investment Trust logo
CRR.UN
Crombie Real Estate Investment Trust
Boost Price TargetC$13.00C$14.25 ➝ C$15.50N/A
CT Real Estate Investment Trust logo
CRT.UN
CT Real Estate Investment Trust
Boost Price TargetC$14.00C$15.50 ➝ C$17.00N/A
Dream Industrial Real Estate Invest Trst logo
DIR.UN
Dream Industrial Real Estate Invest Trst
Boost Price TargetC$12.00C$12.00 ➝ C$13.00N/A
Dream Office Real Estate Investment Trst logo
D.UN
Dream Office Real Estate Investment Trst
Lower Price TargetC$18.00C$24.00 ➝ C$22.00N/A
Genworth MI Canada logo
MIC
Genworth MI Canada
Boost Price TargetC$44.00C$40.00 ➝ C$43.50Outperform ➝ TenderN/A
H&R Real Estate Investment Trust logo
HR.UN
H&R Real Estate Investment Trust
Lower Price TargetC$10.00C$15.00 ➝ C$14.00N/A
Husky Energy Inc. (HSE.TO) logo
HSE
Husky Energy Inc. (HSE.TO)
DowngradeC$3.00 C$4.00Sector Perform ➝ TenderN/A
Innergex Renewable Energy logo
INE
Innergex Renewable Energy
Boost Price TargetC$24.00C$24.50 ➝ C$27.00OutperformN/A
Interrent Real Estate Investment Trust logo
IIP.UN
Interrent Real Estate Investment Trust
Lower Price TargetC$11.00C$15.75 ➝ C$15.00N/A
Minto Apartment Real Estate Invt Trust logo
MI.UN
Minto Apartment Real Estate Invt Trust
Lower Price TargetC$16.00C$22.25 ➝ C$21.00N/A
Sleep Country Canada Holdings Inc. (ZZZ.TO) logo
ZZZ
Sleep Country Canada Holdings Inc. (ZZZ.TO)
Boost Price TargetC$23.00C$23.00 ➝ C$27.00Sector PerformN/A
TFI International Inc. (TFII.TO) logo
TFII
TFI International Inc. (TFII.TO)
Boost Price TargetC$59.00C$68.00 ➝ C$77.00OutperformN/A
Tricon Residential Inc. (TCN.TO) logo
TCN
Tricon Residential Inc. (TCN.TO)
Boost Price TargetC$11.00C$11.00 ➝ C$14.00N/A
Sleep Country Canada Holdings Inc. (ZZZ.TO) logo
ZZZ
Sleep Country Canada Holdings Inc. (ZZZ.TO)
Reiterated RatingC$23.00Sector Perform Market WeightN/A
Altagas logo
ALA
Altagas
Boost Price TargetC$17.00C$20.00 ➝ C$21.00OutperformN/A
Canadian Tire logo
CTC.A
Canadian Tire
Boost Price TargetC$149.00C$128.00 ➝ C$156.00OutperformN/A
IPLP
IPL Plastics Inc. (IPLP.TO)
Set Price TargetC$10.00 C$10.00TenderN/A
Spin Master Corp. (TOY.TO) logo
TOY
Spin Master Corp. (TOY.TO)
UpgradeC$27.00C$31.00 ➝ C$35.00Sector Perform ➝ OutperformN/A
Element Fleet Management logo
EFN
Element Fleet Management
Boost Price TargetC$13.00C$14.00 ➝ C$18.00OutperformN/A
Lithium Americas logo
LAC
Lithium Americas
Boost Price TargetC$13.00C$10.00 ➝ C$12.50OutperformN/A
Mullen Group Ltd. (MTL.TO) logo
MTL
Mullen Group Ltd. (MTL.TO)
Lower Price TargetC$9.00C$11.00 ➝ C$1.75OutperformN/A
Rogers Communications logo
RCI.B
Rogers Communications
Boost Price TargetC$54.00C$67.00 ➝ C$68.00OutperformN/A
Advantage Oil & Gas Ltd. (AAV.TO) logo
AAV
Advantage Oil & Gas Ltd. (AAV.TO)
Boost Price TargetC$2.00C$3.00 ➝ C$3.50OutperformN/A
Argonaut Gold Inc. (AR.TO) logo
AR
Argonaut Gold Inc. (AR.TO)
Set Price TargetC$2.00 C$4.25OutperformN/A
Paramount Resources Ltd. (POU.TO) logo
POU
Paramount Resources Ltd. (POU.TO)
UpgradeC$2.00C$1.75 ➝ C$3.00Underperform ➝ Sector PerformN/A
Storm Resources Ltd. (SRX.TO) logo
SRX
Storm Resources Ltd. (SRX.TO)
DowngradeC$2.00C$2.50 ➝ C$3.00Outperform ➝ Sector PerformN/A
Agnico Eagle Mines Limited (AEM.TO) logo
AEM
Agnico Eagle Mines Limited (AEM.TO)
Lower Price TargetC$105.00C$130.00 ➝ C$128.00N/A
Barrick Gold Co. (ABX.TO) logo
ABX
Barrick Gold Co. (ABX.TO)
Lower Price TargetC$36.00C$44.00 ➝ C$42.00Sector PerformN/A
Centerra Gold Inc. (CG.TO) logo
CG
Centerra Gold Inc. (CG.TO)
Lower Price TargetC$12.00C$21.00 ➝ C$17.00N/A
Dundee Precious Metals logo
DPM
Dundee Precious Metals
Boost Price TargetC$9.00C$13.50 ➝ C$14.50N/A
Endeavour Mining Co. (EDV.TO) logo
EDV
Endeavour Mining Co. (EDV.TO)
Boost Price TargetC$33.00C$56.00 ➝ C$60.00N/A
Equinox Gold logo
EQX
Equinox Gold
Lower Price TargetC$8.00C$22.00 ➝ C$21.75N/A
First Majestic Silver logo
FR
First Majestic Silver
Lower Price TargetC$14.00C$20.00 ➝ C$18.00N/A
Kirkland Lake Gold Ltd. (KL.TO) logo
KL
Kirkland Lake Gold Ltd. (KL.TO)
Lower Price TargetC$61.00C$79.00 ➝ C$76.00N/A
LAC
Lithium Americas
Boost Price Target$10.00$10.00 ➝ $12.50OutperformLow
MAG Silver logo
MAG
MAG Silver
Boost Price TargetC$23.00C$29.00 ➝ C$29.50N/A
Mullen Group Ltd. (MTL.TO) logo
MTL
Mullen Group Ltd. (MTL.TO)
Boost Price TargetC$9.00C$11.00 ➝ C$11.75OutperformN/A
NGT
NEWMONT GOLD-TS
Lower Price TargetC$84.00C$125.00 ➝ C$121.00N/A
Pan American Silver Corp. (PAAS.TO) logo
PAAS
Pan American Silver Corp. (PAAS.TO)
Lower Price TargetC$42.00C$58.00 ➝ C$57.00N/A
SilverCrest Metals logo
SIL
SilverCrest Metals
Lower Price TargetC$9.00C$17.50 ➝ C$17.00N/A
SSR Mining logo
SSRM
SSR Mining
Lower Price TargetC$25.00C$46.00 ➝ C$45.00N/A
Tourmaline Oil Corp. (TOU.TO) logo
TOU
Tourmaline Oil Corp. (TOU.TO)
Set Price TargetC$17.00 C$30.00OutperformN/A
Wesdome Gold Mines Ltd. (WDO.TO) logo
WDO
Wesdome Gold Mines Ltd. (WDO.TO)
Boost Price TargetC$13.00C$16.50 ➝ C$17.50N/A
Yamana Gold Inc. (YRI.TO) logo
YRI
Yamana Gold Inc. (YRI.TO)
Lower Price TargetC$7.00C$9.50 ➝ C$9.00N/A
SIL
SilverCrest Metals Inc. (SIL.TO)
Lower Price TargetC$12.00C$17.50 ➝ C$17.00N/A
TRSWF
TransAlta Renewables
Downgrade$13.00Sector PerformLow
Stelco logo
STLC
Stelco
Boost Price TargetC$15.00C$7.00 ➝ C$12.00Sector PerformN/A
Toromont Industries Ltd. (TIH.TO) logo
TIH
Toromont Industries Ltd. (TIH.TO)
Boost Price TargetC$83.00C$76.00 ➝ C$88.50OutperformN/A
AKU
Akumin Inc. (AKU.TO)
Boost Price TargetC$5.00C$2.50 ➝ C$3.25Sector PerformN/A
Canadian Pacific Railway Limited (CP.TO) logo
CP
Canadian Pacific Railway Limited (CP.TO)
Boost Price TargetC$398.00C$422.00 ➝ C$433.00Sector PerformN/A
Intact Financial Co. (IFC.TO) logo
IFC
Intact Financial Co. (IFC.TO)
Boost Price TargetC$138.00C$165.00 ➝ C$168.00OutperformN/A
TransAlta Renewables Inc. (RNW.TO) logo
RNW
TransAlta Renewables Inc. (RNW.TO)
DowngradeC$17.00C$17.50 ➝ C$18.00Outperform ➝ Sector PerformN/A
BYDGF
Boyd Group Services
Downgrade$145.00Outperform ➝ Sector PerformLow
Boyd Gaming logo
BYD
Boyd Gaming
Downgrade$32.00Outperform ➝ Sector PerformMedium
BTB Real Estate Investment Trust logo
BTB.UN
BTB Real Estate Investment Trust
Set Price TargetC$3.00 C$3.30Sector PerformN/A
New Gold logo
NGD
New Gold
Boost Price TargetC$3.00C$3.50 ➝ C$3.75OutperformN/A
BYD
Boyd Group Income Fund
DowngradeC$191.00C$235.00 ➝ C$230.00Outperform ➝ Sector PerformN/A
OceanaGold Co. (OGC.TO) logo
OGC
OceanaGold Co. (OGC.TO)
Set Price TargetC$2.00 C$4.25OutperformN/A
SNMSF
Spin Master
Upgrade$21.00Sector Perform ➝ OutperformHigh
MTY Food Group Inc. (MTY.TO) logo
MTY
MTY Food Group Inc. (MTY.TO)
Boost Price TargetC$38.00C$35.00 ➝ C$49.00Sector PerformN/A
Altagas logo
ALA
Altagas
Boost Price TargetC$17.00C$20.00 ➝ C$21.00OutperformN/A