Inside the Market’s roundup of some of today’s key analyst actions
) growth to 8-per-cent adjusted operating income in the current fiscal year “remains opaque” following Wednesday’s release of its fourth-quarter 2024 results.
That led him to bump his target for the company’s NYSE-listed shares to US$67 from US$65, reiterating a “neutral” rating. The average on the Street is currently US$79.01. To reflect the lower U.S. group results, Mr. Dechaine lowered his 2025 forecast, while his 2026 projections declined due to lower surplus earnings. That led him to trim his target for Sun Life shares to $93, matching the average on the Street, from $95, keeping an “outperform” rating.Shares of the Vaughan, Ont.-based industrial equipment dealer gained 3.
Maintaining an “outperform” recommendation for its shares, Mr. Khan bumped his target to $139 from $138. The average is $137.17.“Despite the tariffs overhang, management’s tone on the call was more positive than expected, underpinned by a favourable commodity tape , mix shift that privileges construction a little bit more vs. mining in terms of deliveries, rentals opportunity and accelerating growth at CIMCO,” Mr. Sytchev said.
The analyst also warned of the Guelph, Ont.-based company’s “material” exposure to potential U.S. tariffs. “Gold prices are now reaching new highs around US$2,900/oz, and we expect this to continue to drive strong cash flows at the beginning of 2025, which should help to provide further financial flexibility and support balance sheet strength for M&A, with many of our producers under coverage in need of growth.”
“Our top picks remain OLA for the gold producers and PRB for the developers,” said Ms. Carson. “We continue to like OLA as it is a consistent low-cost producer. In addition, the company has several key catalysts in 2025, including the closing of the Musselwhite acquisition and expected positive permitting updates at both Camino Rojo and the South Carlin Complex in 1H25.
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