National Bank Financial Analyst Recommendations & Stock Picks

This page lists the most recent publicly-reported stock recommendations and ratings issued by analysts at National Bank Financial. These ratings and price targets were collected from pubilc media reports and are believed to be accurate, but cannot be verified with 100% certainty. MarketBeat and its parent company are in no way affiliated with or endorsed by National Bank Financial.

Company	Date	Action	Brokerage	Rating	Price Target	Impact on Price	Actions
RCI.B Rogers Communications	1/23/2020	Target Raised by	National Bank Financial	Outperform	C$73.00 -> C$75.00	N/A
AC Air Canada	1/23/2020	Target Raised by	National Bank Financial	Outperform	C$57.00 -> C$59.00	N/A
TV Trevali Mining	1/22/2020	Target Lowered by	National Bank Financial	Sector Perform	C$0.40 -> C$0.35	N/A
TECK.B Teck Resources	1/22/2020	Target Raised by	National Bank Financial	Outperform	C$27.00 -> C$27.50	N/A
TKO Taseko Mines	1/22/2020	Target Raised by	National Bank Financial	Sector Perform	C$0.90 -> C$1.00	N/A
TOY Spin Master	1/22/2020	Target Lowered by	National Bank Financial	Outperform	C$52.00 -> C$40.00	N/A
S Sherritt International	1/22/2020	Target Lowered by	National Bank Financial	Sector Perform	C$0.35 -> C$0.30	N/A
NEXA Nexa Resources	1/22/2020	Target Lowered by	National Bank Financial	Sector Perform	C$14.00 -> C$13.50	N/A
NCU Nevada Copper	1/22/2020	Target Raised by	National Bank Financial	Outperform	C$0.40 -> C$0.70	N/A
LUN Lundin Mining	1/22/2020	Target Raised by	National Bank Financial	Outperform	C$8.75 -> C$9.25	N/A
IPO InPlay Oil	1/22/2020	Target Lowered by	National Bank Financial	Outperform	C$1.25 -> C$1.20	N/A
HBM Hudbay Minerals	1/22/2020	Target Raised by	National Bank Financial	Sector Perform	C$5.00 -> C$5.50	N/A
FM First Quantum Minerals	1/22/2020	Upgraded by	National Bank Financial	Sector Perform -> Outperform	C$12.75 -> C$16.00	N/A
FR First Majestic Silver	1/22/2020	Target Lowered by	National Bank Financial	Sector Perform	C$16.50 -> C$14.00	N/A
FIL Filo Mining	1/22/2020	Target Lowered by	National Bank Financial	Outperform	C$4.25 -> C$4.00	N/A
ERO Ero Copper	1/22/2020	Target Raised by	National Bank Financial	Sector Perform	C$21.00 -> C$21.50	N/A
CMMC Copper Mountain Mining Co..	1/22/2020	Target Raised by	National Bank Financial		C$1.00 -> C$1.10	N/A
CS Capstone Mining	1/22/2020	Target Raised by	National Bank Financial	Sector Perform	C$0.80 -> C$1.10	N/A
TRI Thomson Reuters	1/21/2020	Target Raised by	National Bank Financial	Sector Perform	C$94.00 -> C$100.00	N/A
TFII TFI International	1/21/2020	Upgraded by	National Bank Financial	Sector Perform -> Outperform	C$48.00 -> C$56.00	N/A
PEO People	1/21/2020	Target Raised by	National Bank Financial	Outperform	C$11.00 -> C$12.00	N/A
GIL Gildan Activewear	1/21/2020	Target Raised by	National Bank Financial	Sector Perform	C$40.00 -> C$43.00	N/A
ERF Enerplus	1/21/2020	Target Lowered by	National Bank Financial	Outperform	C$15.00 -> C$13.50	N/A
BYD Boyd Group Income Fund	1/21/2020	Target Raised by	National Bank Financial	Outperform	C$205.00 -> C$240.00	N/A
KPT KP Tissue	1/20/2020	Target Raised by	National Bank Financial	Outperform	C$10.00 -> C$12.00	N/A
IMG Iamgold	1/20/2020	Target Lowered by	National Bank Financial	Outperform	C$7.25 -> C$6.00	N/A
CAS Cascades	1/20/2020	Target Lowered by	National Bank Financial	Outperform	C$15.00 -> C$13.50	N/A
AR Argonaut Gold	1/20/2020	Target Lowered by	National Bank Financial	Outperform	C$3.75 -> C$3.00	N/A
PL Pinnacle Renewable	1/17/2020	Target Raised by	National Bank Financial	Outperform	C$14.00 -> C$15.00	N/A
MEG MEG Energy	1/17/2020	Target Raised by	National Bank Financial	Outperform	C$8.00 -> C$9.25	N/A
AFN Ag Growth International	1/17/2020	Target Lowered by	National Bank Financial	Outperform	C$61.00 -> C$57.00	N/A
BBD.B Bombardier, Inc. Class B	1/16/2020	Target Lowered by	National Bank Financial	Outperform	C$3.70 -> C$3.60	N/A
MKP MCAN Mortgage	1/15/2020	Target Set by	National Bank Financial	Underperform	C$15.50	N/A
CPG Crescent Point Energy	1/15/2020	Target Lowered by	National Bank Financial	Outperform	C$10.00 -> C$9.50	N/A
MRU Metro	1/13/2020	Target Set by	National Bank Financial	Sector Perform	C$57.00	N/A
CJR.B Corus Entertainment	1/13/2020	Target Raised by	National Bank Financial	Sector Perform	C$5.75 -> C$6.00	N/A
WPM Wheaton Precious Metals	1/10/2020	Target Raised by	National Bank Financial	Outperform	C$48.00 -> C$50.00	N/A
SSL Sandstorm Gold	1/10/2020	Target Raised by	National Bank Financial	Outperform	C$11.25 -> C$11.50	N/A
RGLD Royal Gold	1/10/2020	Target Raised by	National Bank Financial	Sector Perform	$130.00 -> $140.00	Low
OR Osisko gold royalties	1/10/2020	Target Raised by	National Bank Financial	Sector Perform	C$15.00 -> C$15.50	N/A
LUG Lundin Gold	1/10/2020	Target Raised by	National Bank Financial	Outperform	C$9.75 -> C$10.50	N/A
LGD Liberty Gold	1/10/2020	Target Raised by	National Bank Financial	Outperform	C$1.10 -> C$1.20	N/A
FNV Franco Nevada	1/10/2020	Target Raised by	National Bank Financial	Sector Perform	C$145.00 -> C$150.00	N/A
BSR Bluestone Resources	1/10/2020	Target Raised by	National Bank Financial	Outperform	C$2.75 -> C$3.00	N/A
BME Barsele Minerals	1/10/2020	Target Lowered by	National Bank Financial	Outperform	C$1.20 -> C$1.00	N/A
ATH Athabasca Oil	1/10/2020	Target Lowered by	National Bank Financial	Outperform	C$1.10 -> C$1.00	N/A
AR Argonaut Gold	1/10/2020	Target Raised by	National Bank Financial	Outperform	C$3.50 -> C$3.75	N/A
BCI New Look Vision Group	1/8/2020	Target Raised by	National Bank Financial	Outperform	C$36.00 -> C$40.00	N/A
AD Alaris Royalty	1/8/2020	Target Raised by	National Bank Financial	Sector Perform	C$20.00 -> C$22.00	N/A
WSP WSP Global	1/7/2020	Target Raised by	National Bank Financial	Outperform	C$92.00 -> C$98.00	N/A
TIH Toromont Industries	1/7/2020	Target Raised by	National Bank Financial	Outperform	C$79.00 -> C$82.00	N/A
SJ Stella-Jones	1/7/2020	Target Lowered by	National Bank Financial		C$43.50 -> C$43.00	N/A
STN Stantec	1/7/2020	Target Raised by	National Bank Financial	Outperform	C$36.00 -> C$40.00	N/A
RBA Ritchie Bros. Auctioneers	1/7/2020	Target Raised by	National Bank Financial	Underperform	$35.00 -> $38.00	Low
NOA North American Construction Group	1/7/2020	Target Raised by	National Bank Financial		C$23.50 -> C$24.50	N/A
HBC Hudson's Bay	1/7/2020	Target Raised by	National Bank Financial	Sector Perform	C$10.50 -> C$11.00	N/A
FTT Finning International	1/7/2020	Target Lowered by	National Bank Financial	Outperform	C$29.50 -> C$29.00	N/A
BDT Bird Construction	1/7/2020	Target Raised by	National Bank Financial	Outperform	C$9.50 -> C$10.00	N/A
ACQ AutoCanada	1/7/2020	Target Raised by	National Bank Financial	Sector Perform	C$10.00 -> C$11.00	N/A
ATA ATS Automation Tooling Systems	1/7/2020	Target Raised by	National Bank Financial	Sector Perform	C$22.00 -> C$22.50	N/A
SHOP Shopify	1/3/2020	Target Raised by	National Bank Financial	Outperform	$400.00 -> $450.00	Medium
PLC Park Lawn	1/3/2020	Target Raised by	National Bank Financial	Outperform	C$33.00 -> C$34.50	N/A
MAXR Maxar Technologies	12/31/2019	Target Raised by	National Bank Financial	Sector Perform	$12.50 -> $16.00	Low
FOOD Goodfood Market	12/31/2019	Reiterated by	National Bank Financial	Outperform	C$4.25	N/A
INO.UN Inovalis Real Estate Investment Trust	12/24/2019	Target Set by	National Bank Financial	Sector Perform	C$11.50	N/A
APR.UN Automotive Properties Real Est Invt TR	12/23/2019	Target Set by	National Bank Financial	Outperform	C$13.00	N/A
TH Target Hospitality	12/21/2019	Target Lowered by	National Bank Financial	Sector Perform	$7.00 -> $6.00	High
TH Theratechnologies	12/20/2019	Target Lowered by	National Bank Financial	Sector Perform	C$7.00 -> C$6.00	N/A
NWH.UN NorthWest Health Prop Real Est Inv Trust	12/20/2019	Reiterated by	National Bank Financial	Sector Perform	C$13.00	N/A
HDI Hardwoods Distribution	12/20/2019	Target Raised by	National Bank Financial	Outperform	C$18.50 -> C$22.00	N/A
ERO Ero Copper	12/20/2019	Target Raised by	National Bank Financial	Sector Perform	C$19.75 -> C$21.00	N/A
CWX CanWel Building Materials Group	12/20/2019	Upgraded by	National Bank Financial	Sector Perform -> Outperform	C$3.75 -> C$6.00	N/A
BBU.UN Brookfield Business Partners	12/20/2019	Target Raised by	National Bank Financial	Outperform	C$45.00 -> C$47.00	N/A
SNC Snc-Lavalin Group	12/19/2019	Target Raised by	National Bank Financial	Outperform	C$37.50 -> C$42.00	N/A
NEXA Nexa Resources	12/19/2019	Target Lowered by	National Bank Financial	Sector Perform	$14.50 -> $14.00	High
KL Kirkland Lake Gold	12/18/2019	Target Set by	National Bank Financial	Underperform	C$48.00	N/A
GXE Gear Energy	12/18/2019	Target Lowered by	National Bank Financial	Outperform	C$0.85 -> C$0.75	N/A
DGC Detour Gold	12/18/2019	Target Set by	National Bank Financial	Sector Perform	C$27.00	N/A
CHR Chorus Aviation	12/18/2019	Target Raised by	National Bank Financial	Outperform	C$9.00 -> C$9.50	N/A
ALA Altagas	12/18/2019	Target Raised by	National Bank Financial	Sector Perform	C$21.00 -> C$22.00	N/A
KML Kinder Morgan Canada	12/17/2019	Target Set by	National Bank Financial	Tender	C$14.50	N/A
CGX Cineplex	12/17/2019	Downgraded by	National Bank Financial	Outperform -> Sector Perform	C$29.00 -> C$34.00	N/A
TCS TECSYS	12/16/2019	Target Set by	National Bank Financial	Outperform	C$18.00	N/A
BYL Baylin Technologies	12/16/2019	Target Set by	National Bank Financial	Sector Perform	C$2.50	N/A
TCL.A Transcontinental	12/13/2019	Upgraded by	National Bank Financial	Sector Perform -> Outperform	C$16.50 -> C$17.50	N/A
FN First National Financial	12/13/2019	Reiterated by	National Bank Financial	Sector Perform	C$41.00	N/A
EMP.A Empire	12/13/2019	Target Lowered by	National Bank Financial	Outperform	C$39.00 -> C$38.00	N/A
CP Canadian Pacific Railway	12/13/2019	Target Raised by	National Bank Financial	Sector Perform	C$322.00 -> C$351.00	N/A
CNR Canadian National Railway	12/13/2019	Target Raised by	National Bank Financial		C$118.00 -> C$125.00	N/A
DPM Dundee Precious Metals	12/10/2019	Reiterated by	National Bank Financial	Outperform -> Outperfrom Under Weight		N/A
DIR.UN Dream Industrial Real Estate Invest Trst	12/12/2019	Target Set by	National Bank Financial	Outperform	C$14.25	N/A
NWH.UN NorthWest Health Prop Real Est Inv Trust	12/11/2019	Target Set by	National Bank Financial	Sector Perform	C$12.50	N/A
DPM Dundee Precious Metals	12/11/2019	Target Set by	National Bank Financial	Outperform	C$7.75	N/A
DGC Detour Gold	12/10/2019	Upgraded by	National Bank Financial	Underperform -> Sector Perform	C$21.72 -> C$27.00	N/A
HWO High Arctic Energy Services	12/9/2019	Target Set by	National Bank Financial	Sector Perform	C$2.75	N/A
CAR.UN Canadian Apartment Properties REIT	12/9/2019	Target Set by	National Bank Financial	Outperform	C$63.00	N/A
TD Toronto-Dominion Bank	12/6/2019	Target Lowered by	National Bank Financial	Outperform	C$83.00 -> C$81.00	N/A
T TELUS	12/6/2019	Target Raised by	National Bank Financial	Outperform	C$54.00 -> C$55.00	N/A
TCS TECSYS	12/6/2019	Target Raised by	National Bank Financial	Outperform	C$18.00 -> C$21.00	N/A
OSK Osisko Mining	12/6/2019	Target Set by	National Bank Financial	Outperform	C$4.10	N/A
CPX Capital Power	12/6/2019	Target Raised by	National Bank Financial	Outperform	C$39.00 -> C$40.00	N/A
CWB Canadian Western Bank	12/6/2019	Target Lowered by	National Bank Financial	Sector Perform	C$36.00 -> C$34.00	N/A
CM Canadian Imperial Bank of Commerce	12/6/2019	Target Lowered by	National Bank Financial	Sector Perform	C$114.00 -> C$110.00	N/A
BNP Bonavista Energy	12/6/2019	Target Raised by	National Bank Financial	Sector Perform	C$0.50 -> C$0.60	N/A
BCI New Look Vision Group	12/4/2019	Upgraded by	National Bank Financial	Sector Perform Under Weight -> Outperform Market Weight		N/A
RY Royal Bank of Canada	12/5/2019	Target Lowered by	National Bank Financial	Outperform	C$117.00 -> C$116.00	N/A
LB Laurentian Bank of Canada	12/5/2019	Target Lowered by	National Bank Financial	Underperform	C$40.00 -> C$38.00	N/A
KL Kirkland Lake Gold	12/5/2019	Target Lowered by	National Bank Financial	Underperform	C$50.00 -> C$48.00	N/A
ITR Integra Resources	12/5/2019	Target Set by	National Bank Financial	Outperform	C$2.25	N/A
INO.UN Inovalis Real Estate Investment Trust	12/5/2019	Reiterated by	National Bank Financial	Sector Perform	C$11.50	N/A
DOL Dollarama	12/5/2019	Target Lowered by	National Bank Financial	Outperform	C$52.00 -> C$51.00	N/A
CNQ Canadian Natural Resources	12/5/2019	Target Lowered by	National Bank Financial	Sector Perform	C$44.00 -> C$42.00	N/A
AP.UN Allied Properties Real Estate Investment	12/5/2019	Target Set by	National Bank Financial	Outperform	C$58.00	N/A
RNW TransAlta Renewables	12/4/2019	Target Raised by	National Bank Financial	Sector Perform	C$13.75 -> C$14.25	N/A
NPI Northland Power	12/4/2019	Target Raised by	National Bank Financial	Outperform	C$28.00 -> C$29.00	N/A
GEI Gibson Energy	12/4/2019	Target Raised by	National Bank Financial	Outperform	C$28.00 -> C$29.00	N/A
FTS Fortis	12/4/2019	Reiterated by	National Bank Financial	Sector Perform	C$54.00	N/A
BEP.UN Brookfield Renewable Partners	12/4/2019	Target Raised by	National Bank Financial	Sector Perform	C$42.50 -> C$46.00	N/A
BIP.UN Brookfield Infrastructure Partners	12/4/2019	Target Raised by	National Bank Financial	Outperform	C$52.00 -> C$54.00	N/A
BMO Bank of Montreal	12/4/2019	Target Lowered by	National Bank Financial	Outperform	C$110.00 -> C$109.00	N/A
APR.UN Automotive Properties Real Est Invt TR	12/4/2019	Target Set by	National Bank Financial	Outperform	C$13.00	N/A
AQN Algonquin Power & Utilities	12/4/2019	Target Raised by	National Bank Financial	Sector Perform	$14.00 -> $14.50	Low
OBE Obsidian Energy	12/3/2019	Target Lowered by	National Bank Financial	Sector Perform	C$1.75 -> C$1.00	N/A
DIR.UN Dream Industrial Real Estate Invest Trst	12/3/2019	Target Set by	National Bank Financial	Outperform	C$14.25	N/A
LAS.A Lassonde Industries	12/2/2019	Reiterated by	National Bank Financial	Sector Perform	C$172.00	N/A
CHR Chorus Aviation	12/2/2019	Target Set by	National Bank Financial	Outperform	C$9.00	N/A
TCL.A Transcontinental	12/1/2019	Target Raised by	National Bank Financial	Sector Perform	C$16.00 -> C$16.50	N/A
REAL Real Matters	11/29/2019	Upgraded by	National Bank Financial	Sector Perform -> Outperform	C$13.00 -> C$17.00	N/A
GDI GDI Integrated Facility Services	11/29/2019	Target Raised by	National Bank Financial	Outperform	C$36.00 -> C$42.00	N/A
BLX Boralex	11/29/2019	Target Raised by	National Bank Financial	Outperform	C$26.00 -> C$27.00	N/A
LXE Leucrotta Exploration	11/28/2019	Target Lowered by	National Bank Financial	Outperform	C$1.50 -> C$1.00	N/A
DOO BRP	11/28/2019	Target Raised by	National Bank Financial	Outperform	C$71.00 -> C$73.00	N/A
ATD.B Alimentation Couche-Tard	11/28/2019	Target Raised by	National Bank Financial	Outperform	C$47.00	N/A
LUN Lundin Mining	11/27/2019	Target Raised by	National Bank Financial	Outperform	C$8.50 -> C$8.75	N/A
TGB Taseko Mines	11/27/2019	Downgraded by	National Bank Financial	Outperform -> Sector Perform		N/A
ROOT Roots	11/26/2019	Target Lowered by	National Bank Financial	Sector Perform	C$4.00 -> C$3.50	N/A
NWH.UN NorthWest Health Prop Real Est Inv Trust	11/26/2019	Target Raised by	National Bank Financial	Sector Perform	C$12.00 -> C$12.50	N/A
KL Kirkland Lake Gold	11/26/2019	Downgraded by	National Bank Financial	Sector Perform -> Underperform	C$66.00 -> C$50.00	N/A
FN First National Financial	11/26/2019	Target Set by	National Bank Financial	Sector Perform	C$38.00	N/A
DGC Detour Gold	11/26/2019	Downgraded by	National Bank Financial	Outperform -> Underperform	C$27.00 -> C$21.72	N/A
AP.UN Allied Properties Real Estate Investment	11/26/2019	Target Set by	National Bank Financial	Outperform	C$58.00	N/A
DRGDF Detour Gold	11/26/2019	Downgraded by	National Bank Financial	Sector Perform -> Underperform		Medium
KL Kirkland Lake Gold	11/26/2019	Downgraded by	National Bank Financial	Sector Perform -> Underperform		Low
OR Osisko gold royalties	11/21/2019	Reiterated by	National Bank Financial	Sector Perform Under Weight		Low
TCW Trican Well Service	11/25/2019	Target Lowered by	National Bank Financial	Outperform	C$1.40 -> C$1.10	N/A
TCL.A Transcontinental	11/25/2019	Target Lowered by	National Bank Financial	Sector Perform	C$16.50 -> C$16.00	N/A
STEP STEP Energy Services	11/25/2019	Target Lowered by	National Bank Financial	Sector Perform	C$2.00 -> C$1.30	N/A
PD Precision Drilling	11/25/2019	Target Lowered by	National Bank Financial	Outperform	C$3.00 -> C$2.75	N/A
NESR National Energy Services Reunited	11/25/2019	Target Lowered by	National Bank Financial	Outperform	$15.00 -> $14.00	High
INO.UN Inovalis Real Estate Investment Trust	11/25/2019	Target Raised by	National Bank Financial	Sector Perform	C$11.00 -> C$11.50	N/A
FTS Fortis	11/25/2019	Target Lowered by	National Bank Financial	Sector Perform	C$55.00 -> C$54.00	N/A
EFX Enerflex	11/25/2019	Target Lowered by	National Bank Financial	Outperform	C$18.00 -> C$17.00	N/A
CEU CES Energy Solutions	11/25/2019	Target Lowered by	National Bank Financial	Outperform	C$3.50 -> C$3.25	N/A
CFW Calfrac Well Services	11/25/2019	Target Lowered by	National Bank Financial	Sector Perform	C$1.75 -> C$1.20	N/A
TD Toronto-Dominion Bank	11/22/2019	Target Raised by	National Bank Financial	Outperform	C$79.00 -> C$83.00	N/A
RY Royal Bank of Canada	11/22/2019	Target Raised by	National Bank Financial	Outperform	C$111.00 -> C$117.00	N/A
OR Osisko gold royalties	11/22/2019	Reiterated by	National Bank Financial	Sector Perform	C$15.00	N/A
LB Laurentian Bank of Canada	11/22/2019	Target Raised by	National Bank Financial	Underperform	C$38.00 -> C$40.00	N/A
CWB Canadian Western Bank	11/22/2019	Target Raised by	National Bank Financial	Sector Perform	C$30.00 -> C$36.00	N/A
CM Canadian Imperial Bank of Commerce	11/22/2019	Target Raised by	National Bank Financial	Sector Perform	C$110.00 -> C$114.00	N/A
BNS Bank of Nova Scotia	11/22/2019	Target Raised by	National Bank Financial	Sector Perform	C$75.00 -> C$79.00	N/A
BMO Bank of Montreal	11/22/2019	Target Raised by	National Bank Financial	Outperform	C$109.00 -> C$110.00	N/A
PSH Petroshale	11/21/2019	Target Lowered by	National Bank Financial	Outperform	C$1.50 -> C$1.35	N/A
MRU Metro	11/21/2019	Target Raised by	National Bank Financial	Sector Perform	C$56.00 -> C$57.00	N/A
BTB.UN BTB Real Estate Investment Trust	11/20/2019	Target Raised by	National Bank Financial	Sector Perform	C$4.65 -> C$4.75	N/A
MAXR Maxar Technologies	11/20/2019	Target Raised by	National Bank Financial	Sector Perform	$9.00 -> $12.50	Low
TGB Taseko Mines	11/17/2019	Downgraded by	National Bank Financial	Outperform Spec Overweight -> Sector Perform Spec Overwgt		Medium
TKO Taseko Mines	11/17/2019	Downgraded by	National Bank Financial	Outperform Spec Overweight -> Sector Perform Spec Overwgt		N/A
HR.UN H&R Real Estate Investment Trust	11/19/2019	Target Lowered by	National Bank Financial	Outperform	C$28.00 -> C$27.00	N/A
DOO BRP	11/19/2019	Target Raised by	National Bank Financial	Outperform	C$58.00 -> C$71.00	N/A
FTMNF Victoria Gold	11/18/2019	Upgraded by	National Bank Financial	Buy		Low
YRI Yamana Gold	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$6.00 -> C$5.50	N/A
WPM Wheaton Precious Metals	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$50.00 -> C$48.00	N/A
WDO Wesdome Gold Mines	11/18/2019	Target Raised by	National Bank Financial		C$9.00 -> C$9.50	N/A
TV Trevali Mining	11/18/2019	Target Raised by	National Bank Financial	Outperform	C$0.35 -> C$0.40	N/A
TMR TMAC Resources	11/18/2019	Target Lowered by	National Bank Financial		C$8.50 -> C$7.00	N/A
TECK.B Teck Resources	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$31.50 -> C$27.00	N/A
TKO Taseko Mines	11/18/2019	Target Lowered by	National Bank Financial		C$1.00 -> C$0.90	N/A
SVI StorageVault Canada	11/18/2019	Target Raised by	National Bank Financial	Outperform	C$3.50 -> C$4.25	N/A
SSRM SSR Mining	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$28.50 -> C$26.00	N/A
S Sherritt International	11/18/2019	Target Lowered by	National Bank Financial		C$0.50 -> C$0.35	N/A
SMF Semafo	11/18/2019	Target Lowered by	National Bank Financial		C$7.50 -> C$6.00	N/A
SSL Sandstorm Gold	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$11.75 -> C$11.25	N/A
RGLD Royal Gold	11/18/2019	Target Lowered by	National Bank Financial	Sector Perform	$135.00 -> $130.00	Low
PAAS Pan American Silver	11/18/2019	Target Lowered by	National Bank Financial		C$34.50 -> C$31.00	N/A
OGC OceanaGold	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$5.00 -> C$4.50	N/A
NEXA Nexa Resources	11/18/2019	Downgraded by	National Bank Financial	Outperform -> Sector Perform	C$17.00 -> C$14.50	N/A
NGT NEWMONT GOLD-TS	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$64.00 -> C$61.00	N/A
NGD New Gold	11/18/2019	Target Lowered by	National Bank Financial	Sector Perform	C$1.50 -> C$1.30	N/A
NCU Nevada Copper	11/18/2019	Target Lowered by	National Bank Financial		C$0.45 -> C$0.40	N/A
LUG Lundin Gold	11/18/2019	Upgraded by	National Bank Financial	Sector Perform -> Outperform	C$9.50	N/A
LGD Liberty Gold	11/18/2019	Target Raised by	National Bank Financial	Outperform	C$1.00 -> C$1.10	N/A
LMC Leagold Mining	11/18/2019	Target Lowered by	National Bank Financial		C$4.00 -> C$3.50	N/A
KL Kirkland Lake Gold	11/18/2019	Target Lowered by	National Bank Financial	Sector Perform	C$70.00 -> C$66.00	N/A
K Kinross Gold	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$9.50 -> C$8.50	N/A
IVQ.U Invesque	11/18/2019	Target Lowered by	National Bank Financial	Sector Perform	C$6.50 -> C$6.25	N/A
IMG Iamgold	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$8.00 -> C$7.25	N/A
HBM Hudbay Minerals	11/18/2019	Target Lowered by	National Bank Financial	Sector Perform	C$5.50 -> C$5.00	N/A
GSC Golden Star Resources	11/18/2019	Target Lowered by	National Bank Financial		C$5.50 -> C$5.00	N/A
FNV Franco Nevada	11/18/2019	Target Lowered by	National Bank Financial	Sector Perform	C$150.00 -> C$145.00	N/A
FM First Quantum Minerals	11/18/2019	Target Raised by	National Bank Financial	Sector Perform	C$12.00 -> C$12.75	N/A
FR First Majestic Silver	11/18/2019	Target Lowered by	National Bank Financial		C$18.00 -> C$16.50	N/A
FIL Filo Mining	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$4.75 -> C$4.25	N/A
ERO Ero Copper	11/18/2019	Target Raised by	National Bank Financial	Sector Perform	C$18.00 -> C$19.75	N/A
ELD Eldorado Gold	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$15.00 -> C$13.50	N/A
DGC Detour Gold	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$28.00 -> C$27.00	N/A
CMMC Copper Mountain Mining Co..	11/18/2019	Target Lowered by	National Bank Financial		C$1.10 -> C$1.00	N/A
CHR Chorus Aviation	11/18/2019	Target Set by	National Bank Financial	Outperform	C$9.00	N/A
CS Capstone Mining	11/18/2019	Target Raised by	National Bank Financial	Sector Perform	C$0.75 -> C$0.80	N/A
BEI.UN Boardwalk REIT	11/18/2019	Target Raised by	National Bank Financial	Sector Perform	C$48.50 -> C$51.00	N/A
ABX Barrick Gold	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$34.00 -> C$30.00	N/A
BTO B2Gold	11/18/2019	Target Raised by	National Bank Financial		C$7.50 -> C$8.00	N/A
APR.UN Automotive Properties Real Est Invt TR	11/18/2019	Target Raised by	National Bank Financial	Outperform	C$12.00 -> C$13.00	N/A
AR Argonaut Gold	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$3.75 -> C$3.50	N/A
ATD.B Alimentation Couche-Tard	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$45.00	N/A
AGI Alamos Gold	11/18/2019	Target Lowered by	National Bank Financial	Sector Perform	C$10.50 -> C$8.75	N/A
ASR Alacer Gold	11/18/2019	Downgraded by	National Bank Financial	Outperform -> Sector Perform	C$8.00 -> C$7.50	N/A
AEM Agnico Eagle Mines	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$102.00 -> C$99.00	N/A
NEXA Nexa Resources	11/18/2019	Downgraded by	National Bank Financial	Outperform -> Sector Perform		Low
TGB Taseko Mines	11/18/2019	Downgraded by	National Bank Financial	Outperform -> Sector Perform	$0.90	N/A
SES Secure Energy Services	11/15/2019	Target Lowered by	National Bank Financial	Outperform	C$9.00 -> C$8.25	N/A
SIS Savaria	11/15/2019	Target Raised by	National Bank Financial	Outperform	C$15.00 -> C$16.00	N/A
OSK Osisko Mining	11/15/2019	Reiterated by	National Bank Financial	Outperform	C$4.10	N/A
MRU Metro	11/15/2019	Target Raised by	National Bank Financial	Sector Perform	C$55.00 -> C$56.00	N/A
ITR Integra Resources	11/15/2019	Target Set by	National Bank Financial	Outperform	C$2.25	N/A
CPG Crescent Point Energy	11/15/2019	Target Raised by	National Bank Financial	Outperform	C$9.50 -> C$10.00	N/A
AKU.U Akumin	11/15/2019	Target Lowered by	National Bank Financial	Outperform	C$6.00 -> C$5.75	N/A
UNS Uni Select	11/14/2019	Target Lowered by	National Bank Financial	Sector Perform	C$15.50 -> C$12.00	N/A
PL Pinnacle Renewable	11/14/2019	Target Lowered by	National Bank Financial	Outperform	C$15.50 -> C$14.00	N/A
PLC Park Lawn	11/14/2019	Target Raised by	National Bank Financial	Outperform	C$31.50 -> C$33.00	N/A
NFI NFI Group	11/14/2019	Target Lowered by	National Bank Financial	Outperform	C$37.00 -> C$34.00	N/A
MAXR Maxar Technologies	11/14/2019	Target Raised by	National Bank Financial	Sector Perform	$8.50 -> $9.00	Low
MAV MAV Beauty Brands	11/14/2019	Target Lowered by	National Bank Financial	Sector Perform	C$9.50 -> C$5.00	N/A
L Loblaw Companies	11/14/2019	Target Raised by	National Bank Financial	Sector Perform	C$71.00 -> C$72.00	N/A
HCG Home Capital Group	11/14/2019	Target Raised by	National Bank Financial	Sector Perform	C$29.00 -> C$35.00	N/A
CAE CAE	11/14/2019	Target Raised by	National Bank Financial	Sector Perform	C$36.00 -> C$37.00	N/A
DRTT DIRTT Environmental	11/10/2019	Reiterated by	National Bank Financial	Sector Perform Market Weight		Medium
Y Yellow Pages	11/13/2019	Target Raised by	National Bank Financial	Outperform	C$10.00 -> C$11.50	N/A
SRX Storm Resources	11/13/2019	Target Lowered by	National Bank Financial	Outperform	C$2.25 -> C$2.00	N/A
SCL Shawcor	11/13/2019	Target Lowered by	National Bank Financial	Outperform	C$28.50 -> C$22.50	N/A
PRQ Petrus Resources	11/13/2019	Target Lowered by	National Bank Financial	Outperform	C$0.50 -> C$0.40	N/A
IMO Imperial Oil	11/13/2019	Target Lowered by	National Bank Financial	Sector Perform	C$47.00 -> C$41.00	N/A
HDI Hardwoods Distribution	11/13/2019	Target Raised by	National Bank Financial	Outperform	C$16.50 -> C$18.00	N/A
MKP MCAN Mortgage	11/12/2019	Target Raised by	National Bank Financial	Underperform	C$15.00 -> C$15.50	N/A
ITP Intertape Polymer Group	11/12/2019	Target Lowered by	National Bank Financial	Outperform	C$22.50 -> C$21.00	N/A
BEP.UN Brookfield Renewable Partners	11/12/2019	Target Raised by	National Bank Financial	Sector Perform	C$41.00 -> C$42.50	N/A
BSR Bluestone Resources	11/12/2019	Target Lowered by	National Bank Financial	Outperform	C$2.90 -> C$2.75	N/A
RBA Ritchie Bros. Auctioneers	11/8/2019	Downgraded by	National Bank Financial	Sector Perform Under Weight -> Underperform Underweight		N/A
KEL Kelt Exploration	11/11/2019	Target Lowered by	National Bank Financial	Outperform	C$7.00 -> C$5.50	N/A
HWO High Arctic Energy Services	11/11/2019	Target Lowered by	National Bank Financial	Sector Perform	C$3.25 -> C$2.75	N/A

MarketBeat Community Rating for National Bank Financial

Community Ranking:		1.9 out of 5 ( )
Outperform Votes:		17,648 (Vote Outperform)
Underperform Votes:		28,124 (Vote Underperform)
Total Votes:		45,772