National Bankshares Stock Recommendations and Price Targets

National Bankshares, Inc. operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking products and services to individuals, businesses, non-profits, and local governments. The company accepts interest-bearing and non-interest-bearing demand deposit accounts, money market deposit accounts, savings accounts, certificates of deposit, health savings accounts, and individual retirement accounts. Its loan products include commercial and agricultural, commercial real estate, residential real estate, home equity, and various consumer loan products, as well as loans for the construction of commercial and residential properties. The company also provides business and consumer debit and credit cards; letters of credit, night depository services, safe deposit boxes, utility payment services, and automatic funds transfer; wealth management, trust, and estate services; non-deposit investment and insurance products; and telephone, mobile, and Internet banking services. The company was founded in 1891 and is headquartered in Blacksburg, Virginia.

This is a list of recent ratings by National Bankshares.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
3/26/2025	WDOFF Wesdome Gold Mines	Reiterated Rating	$12.00		Outperform ➝ Outperform	Low
3/26/2025	WDO Wesdome Gold Mines	Boost Price Target	C$17.00	C$19.75 ➝ C$22.00	Outperform	N/A
3/24/2025	HPS.A Hammond Power Solutions	Lower Price Target	C$78.00	C$170.00 ➝ C$140.00	Outperform	N/A
3/21/2025	NOA North American Construction Group	Lower Price Target	C$23.00	C$44.00 ➝ C$41.00	Outperform	N/A
3/20/2025	ATD Alimentation Couche-Tard	Lower Price Target	C$70.00	C$88.00 ➝ C$86.00	Outperform	N/A
3/20/2025	BYD Boyd Group Services	Lower Price Target	C$208.00	C$275.00 ➝ C$260.00	Outperform	N/A
3/20/2025	DOL Dollarama	Boost Price Target	C$152.00	C$149.00 ➝ C$156.00	Sector Perform	N/A
3/20/2025	POW Power Co. of Canada	Boost Price Target	C$51.00	C$50.00 ➝ C$55.00	Sector Perform	N/A
3/19/2025	AEM Agnico Eagle Mines	Boost Price Target	C$154.00	C$160.00 ➝ C$190.00	Outperform	N/A
3/19/2025	AGI Alamos Gold	Boost Price Target	C$38.00	C$38.00 ➝ C$46.00	Outperform	N/A
3/19/2025	ABX Barrick Gold	Boost Price Target	C$28.00	C$27.00 ➝ C$33.00	Sector Perform	N/A
3/19/2025	CG Centerra Gold	Boost Price Target	C$9.00	C$12.00 ➝ C$12.50	Outperform	N/A
3/19/2025	ELD Eldorado Gold	Boost Price Target	C$24.00	C$25.00 ➝ C$29.00	Outperform	N/A
3/19/2025	EQX Equinox Gold	Boost Price Target	C$8.00	C$13.00 ➝ C$14.00	Outperform	N/A
3/19/2025	GIL Gildan Activewear	Set Price Target	C$64.00	C$83.00	Outperform	N/A
3/19/2025	KNT K92 Mining Inc. (KNT.V)	Boost Price Target	C$8.00	C$11.75 ➝ C$12.75	Sector Perform	N/A
3/19/2025	LAR Lithium Argentina	Lower Price Target	$2.00	$3.75 ➝ $3.50	Sector Perform	Low
3/19/2025	NGT Newmont	Boost Price Target	C$69.00	C$75.00 ➝ C$80.00	Sector Perform	N/A
3/19/2025	SSRM SSR Mining	Boost Price Target	C$16.00	C$14.25 ➝ C$18.00	Sector Perform	N/A
3/18/2025	TVK TerraVest Industries	Boost Price Target	C$141.00	C$126.00 ➝ C$134.00	Sector Perform	N/A
3/17/2025	ADEN ADENTRA	Lower Price Target	C$28.00	C$60.00 ➝ C$53.00	Outperform	N/A
3/17/2025	DML Denison Mines	Lower Price Target	C$2.00	C$4.30 ➝ C$4.15	Outperform	N/A
3/17/2025	SFC Sagicor Financial	Boost Price Target	C$8.00	C$9.50 ➝ C$11.00	Outperform	N/A
3/17/2025	WPM Wheaton Precious Metals	Boost Price Target	C$110.00	C$115.00 ➝ C$120.00	Outperform	N/A
3/14/2025	BLDP Ballard Power Systems	Lower Price Target	$1.00	$2.60 ➝ $2.00	Sector Perform	High
3/14/2025	BDT Bird Construction	Lower Price Target	C$21.00	C$32.00 ➝ C$30.00	Sector Perform	N/A
3/14/2025	MHC.UN Flagship Communities Real Estate Investment Trust	Boost Price Target	C$25.00	C$20.00 ➝ C$21.00	Outperform	N/A
3/14/2025	FORA VerticalScope	Boost Price Target	C$9.00	C$13.00 ➝ C$15.00	Outperform	N/A
3/13/2025	BIR Birchcliff Energy	Set Price Target	C$7.00	C$8.00	Outperform	N/A
3/11/2025	BCE BCE	Reiterated Rating	$23.00		Sector Perform ➝ Sector Perform	Low
3/11/2025	NWHUF NorthWest Healthcare Properties Real Estate Investment Trust	Reiterated Rating	$4.00		Outperform ➝ Outperform	Low
3/11/2025	GFL GFL Environmental	Reiterated Rating	$48.00		Outperform ➝ Outperform	Low
3/11/2025	BOS AirBoss of America	Lower Price Target	C$4.00	C$5.75 ➝ C$5.00	Sector Perform	N/A
3/11/2025	BCE BCE	Boost Price Target	C$33.00	C$35.00 ➝ C$36.00	Sector Perform	N/A
3/11/2025	FNV Franco-Nevada	Lower Price Target	C$223.00	C$220.00 ➝ C$215.00		N/A
3/11/2025	NWH.UN NorthWest Health Prop Real Est Inv Trust	Boost Price Target	C$5.00	C$5.50 ➝ C$5.75	Outperform	N/A
3/10/2025	ARE Aecon Group	Upgrade	C$17.00		Sector Perform ➝ Outperform	N/A
3/7/2025	ARE Aecon Group	Lower Price Target	C$17.00	C$30.00 ➝ C$23.00	Sector Perform	N/A
3/7/2025	AFN Ag Growth International	Lower Price Target	C$34.00	C$55.00 ➝ C$51.00	Outperform	N/A
3/7/2025	APR.UN Automotive Properties Real Est Invt TR	Lower Price Target	C$10.00	C$12.75 ➝ C$12.00	Outperform	N/A
3/7/2025	HOM.U Bsr Real Estate Investment Trust	Boost Price Target	C$13.00	C$13.50 ➝ C$14.00	Sector Perform	N/A
3/7/2025	CNQ Canadian Natural Resources	Lower Price Target	C$44.00	C$51.00 ➝ C$49.00	Sector Perform	N/A
3/7/2025	CTC.A Canadian Tire	Boost Price Target	C$149.00	C$70.00 ➝ C$174.00	Sector Perform	N/A
3/7/2025	MI.UN Minto Apartment Real Estate Invt Trust	Lower Price Target	C$13.00	C$17.00 ➝ C$16.75	Outperform	N/A
3/7/2025	NXE NexGen Energy	Lower Price Target	C$7.00	C$13.50 ➝ C$12.50	Outperform	N/A
3/7/2025	PKI Parkland	Boost Price Target	C$36.00	C$41.00 ➝ C$42.00	Outperform	N/A
3/7/2025	SIS Savaria	Lower Price Target	C$16.00	C$27.00 ➝ C$24.00	Outperform	N/A
3/7/2025	SOBO South Bow	Boost Price Target	$26.00	$24.00 ➝ $25.00	Sector Perform	Medium
3/5/2025	QSI Quantum-Si	Set Price Target	$1.00	$3.65		Medium
2/27/2025	DNTL dentalcorp	Set Price Target	C$8.00	C$15.00	Buy	N/A
2/27/2025	EFN Element Fleet Management	Lower Price Target	C$29.00	C$41.00 ➝ C$40.00	Outperform	N/A
2/27/2025	FSZ Fiera Capital	Upgrade	C$6.00	C$8.50 ➝ C$7.00	Underperform ➝ Sector Perform	N/A
2/27/2025	PBH Premium Brands	Lower Price Target	C$77.00	C$99.00 ➝ C$96.00	Sector Perform	N/A
2/26/2025	BMO Bank of Montreal	Boost Price Target	C$137.00	C$153.00 ➝ C$161.00	Outperform	N/A
2/26/2025	DXT Dexterra Group	Boost Price Target	C$8.00	C$11.00 ➝ C$11.50	Outperform	N/A
2/26/2025	EQB EQB	Boost Price Target	C$96.00	C$109.00 ➝ C$117.00	Outperform	N/A
2/26/2025	INE Innergex Renewable Energy	Downgrade	C$14.00	C$16.00 ➝ C$13.75	Outperform ➝ Sector Perform	N/A
2/26/2025	IIP.UN InterRent Real Estate Investment Trust	Boost Price Target	C$11.00	C$12.00 ➝ C$12.25	Outperform	N/A
2/26/2025	MFI Maple Leaf Foods	Boost Price Target	C$25.00	C$26.00 ➝ C$27.00	Outperform	N/A
2/26/2025	PAAS Pan American Silver	Lower Price Target	C$37.00	C$47.25 ➝ C$45.25	Outperform	N/A
2/26/2025	TOY Spin Master	Lower Price Target	C$25.00	C$35.00 ➝ C$32.00	Sector Perform	N/A
2/26/2025	STN Stantec	Boost Price Target	C$118.00	C$140.00 ➝ C$143.00	Outperform	N/A
2/25/2025	DOO BRP	Lower Price Target	C$48.00	C$84.00 ➝ C$72.00	Sector Perform	N/A
2/21/2025	CVE Cenovus Energy	Downgrade	C$20.00	C$28.00 ➝ C$25.00	Outperform ➝ Sector Perform	N/A
2/20/2025	DHT.UN DRI Healthcare Trust	Lower Price Target	C$12.00	C$19.50 ➝ C$17.50	Outperform	N/A
2/20/2025	GIL Gildan Activewear	Boost Price Target	C$64.00	C$78.00 ➝ C$83.00	Outperform	N/A
2/20/2025	HBM Hudbay Minerals	Lower Price Target	C$11.00	C$17.00 ➝ C$15.50	Outperform	N/A
2/20/2025	REI.UN RioCan Real Estate Investment Trust	Boost Price Target	C$17.00	C$22.00 ➝ C$22.25	Outperform	N/A
2/19/2025	GEI Gibson Energy	Downgrade	C$23.00	C$29.00 ➝ C$24.00	Outperform ➝ Sector Perform	N/A
2/18/2025	PSO Pearson	Set Price Target	$16.00	$18.00		Low
2/13/2025	GRA NanoXplore	Lower Price Target	C$2.00	C$3.50 ➝ C$3.00	Outperform	N/A
2/13/2025	SLF Sun Life Financial	Lower Price Target	C$81.00	C$95.00 ➝ C$93.00	Outperform	N/A
2/13/2025	TVK TerraVest Industries	Lower Price Target	C$141.00	C$128.00 ➝ C$126.00	Sector Perform	N/A
2/13/2025	TIH Toromont Industries	Boost Price Target	C$112.00	C$126.00 ➝ C$133.00	Outperform	N/A
2/12/2025	ERO Ero Copper	Lower Price Target	C$18.00	C$27.00 ➝ C$23.50	Sector Perform	N/A
2/12/2025	ISO IsoEnergy	Set Price Target	C$4.00	C$4.50	Outperform	N/A
2/12/2025	UEC Uranium Energy	Set Price Target	$5.00	$10.00	Outperform	N/A
2/12/2025	URC Uranium Royalty	Set Price Target	C$3.00	C$4.25	Sector Perform	N/A
2/12/2025	WILD WildBrain	Boost Price Target	C$2.00	C$1.50 ➝ C$1.75	Sector Perform	N/A
2/11/2025	AQN Algonquin Power & Utilities	Lower Price Target	$5.00	$6.75 ➝ $6.25	Outperform	Low
2/11/2025	AND Andlauer Healthcare Group	Boost Price Target	C$40.00	C$45.00 ➝ C$49.00	Sector Perform	N/A
2/11/2025	AYA Aya Gold & Silver	Lower Price Target	C$11.00	C$21.25 ➝ C$20.75	Outperform	N/A
2/11/2025	BLX Boralex	Lower Price Target	C$29.00	C$46.00 ➝ C$43.00	Outperform	N/A
2/11/2025	BEP Brookfield Renewable Partners	Lower Price Target	$23.00	$32.00 ➝ $30.00	Outperform	Low
2/11/2025	CXB Calibre Mining	Boost Price Target	C$3.00	C$3.40 ➝ C$4.00	Outperform	N/A
2/11/2025	IMG IAMGOLD	Boost Price Target	C$9.00	C$12.00 ➝ C$13.50	Outperform	N/A
2/11/2025	INE Innergex Renewable Energy	Lower Price Target	C$14.00	C$17.00 ➝ C$16.00	Outperform	N/A
2/11/2025	K Kinross Gold	Boost Price Target	C$18.00	C$20.00 ➝ C$22.00	Outperform	N/A
2/11/2025	NPI Northland Power	Lower Price Target	C$20.00	C$34.00 ➝ C$32.00	Outperform	N/A
2/11/2025	OR Osisko Gold Royalties	Lower Price Target	C$30.00	C$35.00 ➝ C$34.00	Outperform	N/A
2/11/2025	PAAS Pan American Silver	Boost Price Target	C$37.00	C$45.00 ➝ C$47.25	Outperform	N/A
2/11/2025	PIF Polaris Renewable Energy	Lower Price Target	C$12.00	C$23.00 ➝ C$22.00	Outperform	N/A
2/7/2025	BBD.B Bombardier, Inc. Class B	Lower Price Target	C$80.00	C$134.00 ➝ C$103.00	Outperform	N/A
2/7/2025	CIGI Colliers International Group	Lower Price Target	$122.00	$182.00 ➝ $169.00	Outperform	Medium
2/7/2025	LSPD Lightspeed Commerce	Lower Price Target	C$13.00	C$20.00 ➝ C$15.00	Sector Perform	N/A
2/7/2025	TNZ Tenaz Energy	Set Price Target	C$13.00	C$23.00	Outperform	N/A
2/7/2025	TRI Thomson Reuters	Boost Price Target	C$245.00	C$260.00 ➝ C$286.00	Outperform	N/A
2/3/2025	PWCDF Power Co. of Canada	Reiterated Rating	$36.00		Sector Perform ➝ Sector Perform	Low
2/3/2025	IGIFF IGM Financial	Reiterated Rating	$32.00		Outperform ➝ Outperform	Low
2/3/2025	TMXXF TMX Group	Reiterated Rating	$36.00		Sector Perform ➝ Sector Perform	Low