Equities research analysts have recently updated their earnings per share (EPS) estimates for several prominent companies as of November 28. Notable adjustments include revised target prices and ratings that could influence investor decisions.
Alamos Gold and Canadian National Railway Ratings
Alamos Gold, listed on both the Toronto Stock Exchange as TSE:AGI and the New York Stock Exchange as NYSE:AGI, has received a target price of C$64.00 from analysts at Desjardins. The firm maintains a strong buy rating on the stock, indicating positive sentiment regarding its future performance.
In a significant move, Canadian National Railway, trading as TSE:CNR and NYSE:CNI, has been upgraded by analysts at CIBC from a neutral rating to outperform. CIBC has adjusted its price target for the stock to C$151.00, an increase from the previous target of C$146.00. This upgrade reflects growing confidence in the company’s operational and financial outlook.
Revisions for Goodfood Market and Other Stocks
Goodfood Market, identified under TSE:FOOD, had its target price decreased by Desjardins from C$0.30 to C$0.25. The firm currently holds a hold rating on the stock, suggesting a cautious approach to its investment potential.
Meanwhile, Kinross Gold, traded on TSE:K and NYSE:KGC, has been assigned a target price of C$44.00, with Desjardins continuing to support a buy rating for this stock. Similarly, K92 Mining Inc., known as KNT.V and CVE:KNT, received a target price of C$26.00 from Desjardins, also maintaining a buy rating.
Analysts have shown strong confidence in OceanaGold, trading as TSE:OGC, assigning it a target price of C$50.00 with a buy rating from Desjardins. This reflects a solid outlook for the mining company, which has seen considerable interest from investors.
Rogers Sugar, identified as TSE:RSI, experienced various analyst activities. National Bankshares, Inc. raised its price target from C$6.25 to C$7.00, while BMO Capital Markets also increased its target from C$6.50 to C$7.00, both maintaining a market perform rating. Conversely, TD Securities downgraded Rogers Sugar from a buy rating to hold, holding a price target of C$7.00.
Lastly, Saputo, listed as TSE:SAP, has seen its target price raised by TD Securities from C$44.00 to C$49.00, with the firm recommending a buy rating on the stock.
These updates reflect ongoing evaluations by analysts, emphasizing the dynamic nature of the market and providing investors with crucial insights into stock performance and potential investment opportunities.
