TD Securities Stock Recommendations and Price Targets

This is a list of recent ratings by TD Securities.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
4/16/2025	WHTCF WELL Health Technologies	Reiterated Rating	$3.00		Buy ➝ Buy	N/A
4/16/2025	CEU CES Energy Solutions	Lower Price Target	C$6.00	C$11.00 ➝ C$9.00	Buy	N/A
4/16/2025	EFX Enerflex	Lower Price Target	C$9.00	C$17.00 ➝ C$15.00	Buy	N/A
4/16/2025	ESI Ensign Energy Services	Lower Price Target	C$2.00	C$2.75 ➝ C$2.25	Hold	N/A
4/16/2025	NOA North American Construction Group	Lower Price Target	C$21.00	C$33.00 ➝ C$27.00	Buy	N/A
4/16/2025	PSI Pason Systems	Lower Price Target	C$11.00	C$16.00 ➝ C$13.00	Buy	N/A
4/16/2025	PD Precision Drilling	Lower Price Target	C$61.00	C$89.00 ➝ C$69.00	Hold	N/A
4/16/2025	TCW Trican Well Service	Lower Price Target	C$4.00	C$5.00 ➝ C$4.75	Hold	N/A
4/16/2025	WELL WELL Health Technologies	Lower Price Target	C$4.00	C$8.50 ➝ C$7.50	Buy	N/A
4/15/2025	AGI Alamos Gold	Boost Price Target	C$41.00	C$37.00 ➝ C$48.00		N/A
4/15/2025	AND Andlauer Healthcare Group	Lower Price Target	C$41.00	C$53.00 ➝ C$51.00	Buy	N/A
4/15/2025	CCO Cameco	Lower Price Target	C$57.00	C$90.00 ➝ C$77.00	Buy	N/A
4/15/2025	CJT Cargojet	Lower Price Target	C$77.00	C$165.00 ➝ C$150.00	Buy	N/A
4/15/2025	IVN Ivanhoe Mines	Lower Price Target	C$12.00	C$22.00 ➝ C$17.00		N/A
4/15/2025	LUG Lundin Gold	Boost Price Target	C$57.00	C$46.00 ➝ C$58.00		N/A
4/15/2025	LUN Lundin Mining	Upgrade	C$11.00	C$13.00	Hold ➝ Buy	N/A
4/15/2025	MTL Mullen Group	Lower Price Target	C$13.00	C$21.00 ➝ C$18.00	Buy	N/A
4/15/2025	OR Osisko Gold Royalties	Boost Price Target	C$32.00	C$30.00 ➝ C$35.00		N/A
4/15/2025	TECK.B Teck Resources	Lower Price Target	C$46.00	C$73.00 ➝ C$62.00	Buy	N/A
4/15/2025	TXG Torex Gold Resources	Boost Price Target	C$47.00	C$39.00 ➝ C$57.00		N/A
4/15/2025	LUNMF Lundin Mining	Upgrade	$8.00		Hold ➝ Strong-Buy	Low
4/11/2025	CGO Cogeco	Lower Price Target	C$61.00	C$106.00 ➝ C$105.00	Buy	N/A
4/11/2025	CSU Constellation Software	Upgrade	C$4,665.00	C$5,250.00 ➝ C$5,550.00	Hold ➝ Buy	N/A
4/11/2025	CNSWF Constellation Software	Upgrade	$3,404.00		Hold ➝ Strong-Buy	Low
4/10/2025	NWC North West	Boost Price Target	C$53.00	C$59.00 ➝ C$63.00	Buy	N/A
4/9/2025	AGF.B AGF Management	Lower Price Target	C$9.00	C$13.00 ➝ C$12.00	Buy	N/A
4/9/2025	GSY goeasy	Set Price Target	C$156.00	C$199.00	Buy	N/A
4/9/2025	PSK PrairieSky Royalty	Upgrade	C$24.00	C$27.00	Hold ➝ Buy	N/A
4/9/2025	FORA VerticalScope	Downgrade	C$5.00	C$15.00 ➝ C$6.00	Buy ➝ Hold	N/A
4/8/2025	PRMB Primo Brands	Initiated Coverage	$34.00	$48.00	Buy	Medium
4/8/2025	FORA VerticalScope	Lower Price Target	C$5.00	C$18.00 ➝ C$15.00	Buy	N/A
4/4/2025	SHEL Shell	Reiterated Rating	$66.00		Buy ➝ Buy	High
4/4/2025	VVV Valvoline	Initiated Coverage	$33.00	$40.00	Buy	High
4/4/2025	DOL Dollarama	Boost Price Target	C$169.00	C$160.00 ➝ C$185.00	Buy	N/A
4/4/2025	KRUS Kura Sushi USA	Reiterated Rating	$59.00	$72.00 ➝ $72.00	Hold ➝ Hold	Medium
4/3/2025	SUUIF Superior Plus	Reiterated Rating	$5.00		Buy ➝ Buy	Low
4/3/2025	GWLIF Great-West Lifeco	Reiterated Rating	$38.00		Buy ➝ Buy	Low
4/3/2025	CTS Converge Technology Solutions	Boost Price Target	C$6.00	C$5.50 ➝ C$6.00	Sell	N/A
4/3/2025	GWO Great-West Lifeco	Boost Price Target	C$53.00	C$53.00 ➝ C$62.00	Buy	N/A
4/3/2025	SPB Superior Plus	Boost Price Target	C$7.00	C$9.00 ➝ C$9.50	Buy	N/A
4/3/2025	TMQ Trilogy Metals	Boost Price Target	C$2.00	C$2.00 ➝ C$2.25	Hold	N/A
4/2/2025	RCI.B Rogers Communications	Lower Price Target	C$36.00	C$64.00 ➝ C$62.00	Buy	N/A
4/1/2025	FWRG First Watch Restaurant Group	Upgrade	$19.00	$21.00 ➝ $22.00	Hold ➝ Buy	High
4/1/2025	LSPK LifeSpeak	Lower Price Target	C$0.00	C$0.35 ➝ C$0.30	Hold	N/A
4/1/2025	MIST Milestone Pharmaceuticals	Downgrade	$1.00		Buy ➝ Hold	Low
4/1/2025	PZA Pizza Pizza Royalty	Boost Price Target	C$14.00	C$13.00 ➝ C$14.00	Hold	N/A
3/31/2025	YUM Yum! Brands	Reiterated Rating	$144.00	$164.00 ➝ $164.00	Hold ➝ Hold	High
3/31/2025	DPZ Domino's Pizza	Reiterated Rating	$467.00	$490.00 ➝ $490.00	Buy ➝ Buy	High
3/31/2025	AIM Aimia	Reiterated Rating	C$2.00	C$4.00	Buy	N/A
3/31/2025	REI.UN RioCan Real Estate Investment Trust	Lower Price Target	C$17.00	C$23.00 ➝ C$22.00	Buy	N/A
3/31/2025	TLO Talon Metals	Lower Price Target	C$0.00	C$0.25 ➝ C$0.20	Buy	N/A
3/31/2025	VHI Vitalhub	Boost Price Target	C$10.00	C$13.00 ➝ C$14.00	Buy	N/A
3/28/2025	BROS Dutch Bros	Reiterated Rating	$58.00	$89.00 ➝ $89.00	Buy ➝ Buy	High
3/28/2025	SAP Saputo	Lower Price Target	C$26.00	C$37.00 ➝ C$35.00	Buy	N/A
3/27/2025	DOOO BRP	Reiterated Rating	$33.00		Hold ➝ Hold	Low
3/27/2025	DOO BRP	Lower Price Target	C$46.00	C$70.00 ➝ C$65.00	Hold	N/A
3/26/2025	FSV FirstService	Lower Price Target	C$238.00	C$199.00 ➝ C$197.00	Hold	N/A
3/25/2025	CWXZF Doman Building Materials Group	Initiated Coverage	$5.00		Buy	Low
3/25/2025	DBM Doman Building Materials Group	Set Price Target	C$7.00	C$9.50	Buy	N/A
3/24/2025	KBRLF K-Bro Linen	Reiterated Rating	$24.00		Buy ➝ Buy	Low
3/24/2025	KBL K-Bro Linen	Boost Price Target	C$36.00	C$48.00 ➝ C$49.00	Buy	N/A
3/21/2025	DRI Darden Restaurants	Boost Price Target	$202.00	$180.00 ➝ $190.00	Hold ➝ Hold	Medium
3/21/2025	ATZ Aritzia	Lower Price Target	C$41.00	C$75.00 ➝ C$74.00	Buy	N/A
3/20/2025	POW Power Co. of Canada	Boost Price Target	C$50.00	C$53.00 ➝ C$54.00	Buy	N/A
3/20/2025	SU Suncor Energy	Lower Price Target	C$48.00	C$63.00 ➝ C$61.00	Buy	N/A
3/19/2025	SHEL Shell	Boost Price Target	$66.00	$81.00 ➝ $82.00	Buy ➝ Buy	Low
3/19/2025	BP BP	Reiterated Rating	$29.00	$40.00 ➝ $36.00	Buy ➝ Hold	Medium
3/18/2025	BOS AirBoss of America	Lower Price Target	C$4.00	C$8.00 ➝ C$7.00	Buy	N/A
3/18/2025	BDT Bird Construction	Lower Price Target	C$21.00	C$36.00 ➝ C$33.00	Buy	N/A
3/17/2025	MAL Magellan Aerospace	Boost Price Target	C$13.00	C$18.00 ➝ C$19.00	Buy	N/A
3/17/2025	TRZ Transat A.T.	Lower Price Target	C$2.00	C$2.00 ➝ C$1.75	Hold	N/A
3/14/2025	FORA VerticalScope	Boost Price Target	C$5.00	C$17.00 ➝ C$18.00	Buy	N/A
3/14/2025	WPM Wheaton Precious Metals	Boost Price Target	C$116.00	C$78.00 ➝ C$83.00	Buy	N/A
3/13/2025	ALS Altius Minerals	Lower Price Target	C$24.00	C$32.00 ➝ C$31.00	Buy	N/A
3/13/2025	DII.B Dorel Industries	Downgrade	C$2.00	C$4.50 ➝ C$2.00	Hold ➝ Sell	N/A
3/13/2025	LIF Labrador Iron Ore Royalty	Downgrade	C$28.00		Strong-Buy ➝ Hold	N/A
3/12/2025	FWRG First Watch Restaurant Group	Reiterated Rating	$19.00	$21.00 ➝ $21.00	Hold ➝ Hold	High
3/11/2025	FNV Franco-Nevada	Downgrade	$171.00	$152.00	Buy ➝ Hold	Medium
3/11/2025	CDE Coeur Mining	Initiated Coverage	$6.00	$7.00	Buy	Medium
3/11/2025	AFN Ag Growth International	Lower Price Target	C$32.00	C$48.00 ➝ C$46.00	Buy	N/A
3/11/2025	DOO BRP	Lower Price Target	C$46.00	C$83.00 ➝ C$70.00	Hold	N/A
3/11/2025	EDR Endeavour Silver	Lower Price Target	C$5.00	C$7.50 ➝ C$7.00	Buy	N/A
3/11/2025	FNV Franco-Nevada	Downgrade	C$237.00	C$152.00	Buy ➝ Hold	N/A
3/11/2025	HL Hecla Mining	Downgrade	$6.00	$6.50 ➝ $5.50	Buy ➝ Hold	Medium
3/11/2025	PAAS Pan American Silver	Downgrade	$27.00	$28.00 ➝ $27.00	Buy ➝ Hold	High
3/10/2025	AG First Majestic Silver	Upgrade	$7.00		Hold	Low
3/10/2025	EXK Endeavour Silver	Upgrade	$4.00		Strong-Buy	High
3/10/2025	MAG MAG Silver	Upgrade	$15.00		Strong-Buy	N/A
3/10/2025	AG First Majestic Silver	Upgrade	C$9.00		Hold	N/A
3/10/2025	EDR Endeavour Silver	Upgrade	C$5.00		Strong-Buy	N/A
3/10/2025	MAG MAG Silver	Upgrade	C$21.00		Strong-Buy	N/A
3/10/2025	CFP Canfor	Lower Price Target	C$13.00	C$20.00 ➝ C$19.00	Buy	N/A
3/10/2025	ESI Ensign Energy Services	Lower Price Target	C$2.00	C$3.00 ➝ C$2.75	Hold	N/A
3/10/2025	ERO Ero Copper	Lower Price Target	C$15.00	C$23.00 ➝ C$22.00	Buy	N/A
3/7/2025	AEGXF Aecon Group	Reiterated Rating	$12.00		Buy ➝ Buy	Low
3/7/2025	MHCUF Flagship Communities Real Estate Investment Trust	Initiated Coverage	$16.00		Buy	Low
3/7/2025	WEN Wendy's	Reiterated Rating	$13.00	$16.00 ➝ $16.00	Hold ➝ Hold	Medium
3/7/2025	ARE Aecon Group	Lower Price Target	C$18.00	C$35.00 ➝ C$30.00	Buy	N/A
3/7/2025	APR.UN Automotive Properties Real Est Invt TR	Lower Price Target	C$10.00	C$13.00 ➝ C$12.00	Hold	N/A
3/7/2025	CG Centerra Gold	Lower Price Target	C$10.00	C$13.00 ➝ C$12.00	Buy	N/A