Overview
Saputo Inc. is a prominent Canadian multinational dairy company headquartered in Montreal, Quebec. Founded in 1954, the company has grown to become one of the top ten dairy processors globally, acting as a key player in the production and sale of an expansive array of dairy products including cheese, fluid milk, and cream products. Saputo Inc. operates in Canada, the United States, Australia, Argentina, and the UK, with extensive distribution networks ensuring a robust global presence. Key projects often involve strategic acquisitions aimed at expanding its market share and enhancing operational efficiencies, including the recent buyouts in the dairy sector that serve to broaden its product offerings and international reach. The company is focused on growth through innovation in dairy products while promoting sustainable and ethical business practices across its operations.
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Basic Stats
The share price of Saputo Inc. as of September 9, 2025 is $34.21 / share. This is an increase of 0.47% from the prior week. The market cap (or net worth) of Saputo Inc. as of September 10, 2025 is $14,150.63 MM.
The Factor Analysis chart (below right) shows a view of Saputo Inc. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 14,150.63 MM |
| EV | 16,892.63 MM |
| Shares Out. | 413.64 MM |
| Earnings Date | |
| EPS (TTM) | -0.37 |
| Dividend Yield | 2.16 % |
| Ex-Dividend Date | 2025-09-02 |
| Borrow Rate | 0.86 |
| Short Shares Avail. | 0.85 MM |
| Short Interest | |
| Short Float | |
| Days to Cover | |
| Risk Free Rate | 4.08 % |
| Price Change (1 yr) | 15.19 % |
| Volatility (1 yr) | 0.22 |
| Beta | 0.34 |
| Sharpe Ratio (1 yr) | 0.50 |
| Sortino Ratio (1 yr) | 0.87 |
| PE Ratio | -92.49 |
| Price/Book | 2.13 |
| Price/TBV | 4.51 |
| Book/Market | 0.47 |
| EBIT/EV | 0.00 |
| EBIT(3yr avg)/EV | 0.02 |
| ROA | -0.01 |
| ROE | -0.02 |
| ROIC | -0.02 |
| CROIC | -0.01 |
| OCROIC | 0.12 |
| Implied Volatility | |
| Put/Call OI Ratio |
| Growth | 42.95 /100 |
| Profitability | 42.78 /100 |
| Quality Score | 66.86 /100 |
| Value Score | 49.44 /100 |
| Momentum Score | 79.22 /100 |
| Stability (Low Vol) Score | 85.27 /100 |
| Analyst Sentiment | 53.10 /100 |
| Fund Sentiment | 68.71 /100 |
| Insider Sentiment | |
| Officer Sentiment | |
| Dividend Score | 47.97 /100 |
| QVM Score | |
| Piotroski F-SCORE | 5.00 /9 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Saputo Inc. is $36.38. The forecasts range from a low of $31.31 to a high of $39.90. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Saputo Inc.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2022-11-30 | STA Research | Hold | Maintains | |
| 2022-06-10 | Morningstar | Hold | Upgrade | |
| 2022-06-10 | CIBC Capital Markets | Outperform | Downgrade | |
| 2022-05-27 | Scotiabank Capital | Outperform | Downgrade | |
| 2022-05-19 | National Bank of Canada Financial | Outperform | Downgrade | |
| 2022-11-30 | Morningstar Inc. | Sell | Maintains | |
| 2022-11-18 | STA Research | Hold | Maintains | |
| 2022-11-18 | Morningstar Inc. | Sell | Upgrade | |
| 2022-11-14 | TD Research | Buy | Upgrade | |
| 2022-11-14 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-11-14 | National Bank of Canada Financial | Upgrade | ||
| 2022-11-11 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-10-05 | National Bank of Canada Financial | Outperform | Maintains | |
| 2022-10-03 | STA Research | Hold | Maintains | |
| 2022-10-03 | Scotiabank Capital | Sector Perform | Downgrade | |
| 2022-09-27 | TD Research | Buy | Maintains | |
| 2022-08-30 | Scotiabank Capital | Outperform | Upgrade | |
| 2022-08-23 | STA Research | Hold | Maintains | |
| 2022-08-08 | National Bank of Canada Financial | Outperform | Upgrade | |
| 2022-08-05 | TD Research | Buy | Upgrade | |
| 2022-08-05 | RBC Royalbank | Outperform | Upgrade | |
| 2022-08-05 | National Bank of Canada Financial | Upgrade | ||
| 2022-08-05 | Morningstar | Sell | Downgrade | |
| 2022-08-05 | CIBC Capital Markets | Outperform | Upgrade | |
| 2022-08-05 | BMO Financial | Upgrade | ||
| 2022-07-19 | National Bank of Canada Financial | Outperform | Upgrade | |
| 2022-07-19 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-07-18 | Scotiabank Capital | Outperform | Maintains | |
| 2022-07-01 | STA Research | Hold | Downgrade | |
| 2022-07-01 | Morningstar | Hold | Maintains | |
| 2022-06-10 | Scotiabank Capital | Outperform | Downgrade | |
| 2022-06-10 | National Bank of Canada Financial | Outperform | Downgrade | |
| 2021-09-24 | TD Securities | BUY | Upgrade | |
| 2021-09-21 | TD Securities | Buy | Downgrade | |
| 2021-09-21 | Sbank | Outperform | Downgrade | |
| 2021-09-21 | RBC Capital | Outperform | Downgrade | |
| 2021-09-21 | National Bank Financial | Sector Perform | Downgrade | |
| 2021-09-21 | CIBC World Markets | Outperform | Downgrade | |
| 2021-08-16 | Cfra | Upgrade | ||
| 2021-08-06 | RBC Capital | Outperform | Upgrade | |
| 2021-08-06 | National Bank Financial | Sector Perform | Upgrade | |
| 2021-08-06 | CIBC World Markets | Outperform | Downgrade | |
| 2021-08-05 | CIBC World Markets | Outperform | Initiate | |
| 2021-07-27 | CIBC World Markets | Outperform | Downgrade | |
| 2021-07-26 | RBC Capital | Outperform | Reiterate | |
| 2021-07-23 | National Bank Financial | Sector Perform | Downgrade | |
| 2021-07-09 | Desjardins Securities | Downgrade | ||
| 2021-06-10 | BMO Capital Markets | Upgrade | ||
| 2021-06-07 | National Bank Financial | Sector Perform | Upgrade | |
| 2021-06-04 | Sbank | Outperform | Upgrade | |
| 2021-06-04 | RBC Capital | Outperform | Initiate | |
| 2021-06-04 | National Bank Financial | Sector Perform | Upgrade | |
| 2021-06-04 | CIBC World Markets | Outperform | Upgrade | |
| 2021-05-27 | Desjardins Securities | Upgrade | ||
| 2021-05-26 | Desjardins Securities | Buy | Upgrade | |
| 2021-05-26 | CIBC World Markets | Outperform | Maintains | |
| 2021-05-25 | National Bank Financial | Sector Perform | Upgrade | |
| 2021-02-05 | National Bank Financial | Sector Perform | Upgrade | |
| 2021-02-05 | CIBC World Markets | Neutral | Outperform | Upgrade |
| 2021-02-05 | BMO Capital Markets | Upgrade | ||
| 2021-02-01 | National Bank Financial | Sector Perform | Downgrade | |
| 2020-07-22 | RBC Capital | Outperform | Downgrade | |
| 2020-06-05 | TD Securities | Buy | Downgrade | |
| 2020-06-05 | National Bank Financial | Sector Perform | Downgrade | |
| 2020-06-05 | CIBC World Markets | Downgrade | ||
| 2020-04-13 | CIBC World Markets | Outperform | Neutral | Downgrade |
| 2020-03-31 | BMO Capital Markets | Downgrade | ||
| 2020-03-27 | National Bank Financial | Sector Perform | Downgrade | |
| 2020-02-07 | TD Securities | Buy | Upgrade | |
| 2019-11-08 | RBC Capital | Outperform | Downgrade | |
| 2019-11-08 | National Bank Financial | Sector Perform | Upgrade | |
| 2019-11-08 | CIBC World Markets | Upgrade | ||
| 2019-09-12 | RBC Capital | Outperform | Downgrade | |
| 2019-09-12 | National Bank Financial | Sector Perform | Initiate | |
| 2019-08-09 | TD Securities | Hold | Upgrade | |
| 2019-08-09 | National Bank Financial | Sector Perform | Upgrade | |
| 2019-06-07 | TD Securities | Downgrade | ||
| 2019-06-07 | RBC Capital | Outperform | Downgrade | |
| 2019-06-07 | National Bank Financial | Downgrade | ||
| 2019-06-07 | CIBC World Markets | Neutral | Downgrade | |
| 2019-04-23 | RBC Capital | Outperform | Upgrade | |
| 2019-02-25 | TD Securities | Hold | Upgrade | |
| 2019-02-25 | National Bank Financial | Sector Perform | Upgrade | |
| 2019-02-25 | Desjardins Securities | Buy | Upgrade | |
| 2019-02-25 | CIBC World Markets | Upgrade | ||
| 2019-02-25 | BMO Capital Markets | Upgrade | ||
| 2019-02-08 | TD Securities | Hold | Upgrade | |
| 2019-02-08 | National Bank Financial | Sector Perform | Upgrade | |
| 2022-04-28 | RBC Royalbank | Outperform | Downgrade | |
| 2022-03-01 | Morningstar | Sell | Maintains | |
| 2022-02-16 | Morningstar | Sell | Initiate | |
| 2022-02-11 | Scotiabank Capital | Outperform | Upgrade | |
| 2022-02-11 | National Bank of Canada Financial | Outperform | Upgrade | |
| 2022-02-11 | CIBC Capital Markets | Outperform | Downgrade | |
| 2022-01-28 | RBC Royalbank | Outperform | Downgrade | |
| 2022-01-27 | Scotiabank Capital | Outperform | Maintains | |
| 2022-01-19 | National Bank Financial | Sector Perform | Downgrade | |
| 2021-12-24 | Morningstar | Hold | Maintains | |
| 2021-11-09 | ScotiaBankFinancial | Outperform | Maintains | |
| 2021-11-09 | Scotiabank Financial | Outperform | Maintains | |
| 2021-11-09 | Sbank | Outperform | Maintains | |
| 2021-11-08 | Cfra | Upgrade | ||
| 2021-11-05 | Sbank | Downgrade | ||
| 2021-11-05 | RY Bank | Outperform | Downgrade | |
| 2021-11-05 | RBCRoyalBank | Outperform | Downgrade | |
| 2021-11-05 | NB Financial | Sector Perform | Downgrade | |
| 2021-11-05 | NationalBankFinancial | Sector Perform | Downgrade | |
| 2021-11-05 | CM Bank | Outperform | Downgrade | |
| 2021-11-05 | CIBC WG | Outperform | Downgrade | |
| 2021-11-05 | BMONesbitt | Downgrade | ||
| 2021-11-02 | Desjardins Securities | Buy | Downgrade | |
| 2021-10-22 | RBC Capital | Outperform | Downgrade | |
| 2021-10-15 | Sbank | Outperform | Maintains | |
| 2021-09-27 | TD Securities | Buy | Downgrade | |
| 2019-02-08 | CIBC World Markets | Upgrade | ||
| 2019-01-29 | BMO Capital Markets | Downgrade | ||
| 2019-01-23 | National Bank Financial | Sector Perform | Downgrade | |
| 2019-01-21 | RBC Capital | Outperform | Downgrade | |
| 2018-11-02 | National Bank Financial | Sector Perform | Downgrade | |
| 2018-11-02 | CIBC World Markets | Outperform | Neutral | Downgrade |
| 2018-10-15 | RBC Capital | Outperform | Downgrade | |
| 2018-09-12 | Desjardins Securities | Hold | Buy | Upgrade |
| 2018-08-08 | National Bank Financial | Sector Perform | Downgrade | |
| 2018-08-08 | CIBC World Markets | Downgrade | ||
| 2018-08-01 | National Bank Financial | Sector Perform | Upgrade | |
| 2018-06-08 | TD Securities | Hold | Downgrade | |
| 2018-06-08 | Sbank | Outperform | Downgrade | |
| 2018-06-08 | RBC Capital | Outperform | Upgrade | |
| 2018-06-08 | National Bank Financial | Sector Perform | Downgrade | |
| 2018-06-08 | Desjardins Securities | Buy | Hold | Downgrade |
| 2018-06-08 | CIBC World Markets | Downgrade | ||
| 2018-04-19 | BMO Capital Markets | Market Perform | Initiate | |
| 2018-04-04 | Desjardins Securities | Buy | Downgrade | |
| 2018-04-03 | TD Securities | Buy | Hold | Downgrade |
| 2018-02-02 | TD Securities | Buy | Downgrade | |
| 2018-02-02 | RBC Capital | Downgrade | ||
| 2018-02-02 | National Bank Financial | Sector Perform | Downgrade | |
| 2018-02-02 | CIBC World Markets | Outperform | Downgrade | |
| 2018-02-02 | BMO Capital Markets | Market Perform | Downgrade | |
| 2017-11-05 | National Bank Financial | Sector Perform | Downgrade | |
| 2017-11-03 | Sbank | Outperform | Downgrade | |
| 2017-10-30 | National Bank Financial | Sector Perform | Reiterate | |
| 2017-10-27 | TD Securities | Buy | Upgrade | |
| 2017-10-27 | BMO Capital Markets | Market Perform | Reiterate | |
| 2017-07-26 | National Bank Financial | Sector Perform | Downgrade | |
| 2017-06-02 | TD Securities | Hold | Maintains | |
| 2017-06-02 | Desjardins Securities | Hold | Buy | Maintains |
| 2017-06-02 | CIBC World Markets | 51 | Maintains | |
| 2017-04-13 | BMO Capital Markets | Market Perform | Maintains | |
| 2017-02-03 | Sbank | Outperform | Maintains | |
| 2017-01-26 | RBC Capital | Sector Perform | Maintains | |
| 2016-11-04 | TD Securities | Buy | Hold | Downgrade |
| 2016-11-04 | Sbank | Outperform | Maintains | |
| 2016-11-04 | RBC Capital | Sector Perform | Maintains | |
| 2016-11-04 | CIBC World Markets | 54 | Maintains | |
| 2016-10-27 | RBC Capital | Sector Perform | Maintains | |
| 2016-10-18 | National Bank Financial | 45 | Maintains | |
| 2016-09-29 | Desjardins Securities | Hold | Maintains | |
| 2016-09-15 | RBC Capital | Sector Perform | Maintains | |
| 2016-08-04 | RBC Capital | Sector Perform | Maintains | |
| 2016-08-04 | National Bank Financial | Sector Perform | Maintains | |
| 2016-08-04 | Desjardins Securities | Hold | Maintains | |
| 2016-08-04 | CIBC World Markets | 45 | Maintains | |
| 2016-07-29 | TD Securities | Hold | Maintains | |
| 2016-06-03 | Sbank | Outperform | Maintains | |
| 2016-06-03 | CIBC World Markets | 44 | Maintains | |
| 2016-05-31 | Sbank | Outperform | Maintains | |
| 2016-05-25 | National Bank Financial | 42 | Maintains | |
| 2016-02-08 | National Bank Financial | Sector Perform | Maintains | |
| 2016-02-05 | RBC Capital | Outperform | Maintains | |
| 2016-01-27 | CIBC World Markets | Sector Performer | Maintains | |
| 2016-01-26 | RBC Capital | Outperform | Maintains | |
| 2015-11-06 | RBC Capital | 38 | Maintains | |
| 2015-11-06 | CIBC World Markets | 35 | Maintains | |
| 2015-11-04 | TD Securities | Hold | Maintains | |
| 2015-08-21 | Credit Suisse | Neutral | Maintains | |
| 2015-08-06 | TD Securities | 33 | Maintains | |
| 2015-08-05 | National Bank Financial | Sector Perform | Maintains | |
| 2015-08-05 | BMO Capital Markets | At Market Perform | Maintains | |
| 2015-06-09 | BMO Capital Markets | At Market Perform | Maintains | |
| 2015-02-06 | Desjardins Securities | Hold | Buy | Upgrade |
| 2015-01-28 | RBC Capital | Outperform | Maintains | |
| 2014-11-04 | BMO Capital Markets | Outperform | Maintains | |
| 2014-10-09 | Sbank | 37.5 | Maintains | |
| 2014-10-02 | National Bank Financial | Sector Perform | Maintains | |
| 2014-08-08 | Sbank | 75 | Maintains | |
| 2014-08-07 | TD Securities | Hold | Maintains | |
| 2014-08-07 | RBC Capital | Outperform | Maintains | |
| 2014-08-07 | National Bank Financial | Sector Perform | Maintains | |
| 2014-08-07 | Desjardins Securities | Hold | Maintains | |
| 2014-07-23 | National Bank Financial | Sector Perform | Maintains | |
| 2014-06-09 | Sbank | 64 | Maintains | |
| 2014-06-09 | Desjardins Securities | Buy | Maintains | |
| 2014-06-06 | TD Securities | Hold | Maintains | |
| 2014-06-06 | RBC Capital | Outperform | Maintains | |
| 2014-06-06 | National Bank Financial | 63 | Maintains | |
| 2014-06-06 | CIBC World Markets | Sector Perform | Maintains | |
| 2014-06-03 | RBC Capital | Outperform | Maintains | |
| 2014-05-27 | BMO Capital Markets | Outperform | Maintains | |
| 2014-05-22 | National Bank Financial | 59 | Maintains | |
| 2014-02-10 | Sbank | 60 | Maintains | |
| 2014-02-07 | Desjardins Securities | Buy | Maintains | |
| 2014-02-05 | BMO Capital Markets | Outperform | Maintains | |
| 2014-01-24 | Sbank | 58 | Maintains | |
| 2014-01-20 | RBC Capital | Outperform | Maintains | |
| 2014-01-17 | CIBC World Markets | Sector Perform | Maintains | |
| 2013-11-11 | Desjardins Securities | Buy | Maintains | |
| 2013-11-04 | RBC Capital | Outperform | Maintains | |
| 2013-10-28 | National Bank Financial | Outperform | Maintains | |
| 2013-10-09 | Sbank | Sector Outperform | Maintains | |
| 2013-10-08 | TD Securities | Hold | Maintains | |
| 2013-10-08 | RBC Capital | Outperform | Maintains | |
| 2013-08-07 | TD Securities | Hold | Maintains | |
| 2013-08-07 | National Bank Financial | 52 | Maintains | |
| 2013-06-07 | BMO Capital Markets | 55 | Maintains | |
| 2013-06-06 | TD Securities | Buy | Hold | Downgrade |
| 2013-03-20 | BMO Capital Markets | Outperform | Maintains | |
| 2013-02-15 | RBC Capital | Outperform | Maintains | |
| 2023-02-16 | ARC INDEPENDENT RESEARCH | Sell | Hold | Upgrade |
| 2023-02-13 | DESJARDINS SECURITIES | Hold | Buy | Upgrade |
| 2023-02-12 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-02-12 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-02-10 | TD SECURITIES | Buy | Buy | Maintains |
| 2022-09-20 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2021-11-09 | ARC INDEPENDENT RESEARCH | Sell | Sell | Maintains |
| 2021-04-16 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2023-06-03 | DESJARDINS SECURITIES | Hold | Buy | Upgrade |
| 2023-05-30 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-05-25 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-05-16 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-02-15 | ARC INDEPENDENT RESEARCH | Sell | Hold | Upgrade |
| 2022-09-19 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2021-11-08 | ARC INDEPENDENT RESEARCH | Sell | Sell | Maintains |
| 2021-04-15 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2023-08-21 | ARC INDEPENDENT RESEARCH | Hold | Hold | Maintains |
| 2023-08-13 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-08-12 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-08-12 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-08-12 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-12-22 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-12-22 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-11-14 | ARC INDEPENDENT RESEARCH | Hold | Hold | Maintains |
| 2023-11-12 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-11-12 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-08-22 | ARC INDEPENDENT RESEARCH | Hold | Hold | Maintains |
| 2023-08-14 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-08-13 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-08-13 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-08-13 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-06-04 | DESJARDINS SECURITIES | Hold | Buy | Upgrade |
| 2023-05-31 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-05-26 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-05-17 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2024-08-07 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2024-07-17 | TD COWEN | Buy | Buy | Maintains |
| 2024-07-10 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2024-06-12 | ARC INDEPENDENT RESEARCH | Hold | Hold | Maintains |
| 2024-06-08 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-02-11 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-12-21 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-12-21 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-11-13 | ARC INDEPENDENT RESEARCH | Hold | Hold | Maintains |
| 2023-11-11 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-11-11 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-12-12 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2024-12-11 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-11-14 | ARC INDEPENDENT RESEARCH | Hold | Hold | Maintains |
| 2024-11-10 | TD COWEN | Buy | Buy | Maintains |
| 2024-11-09 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-03-30 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2025-03-26 | TD COWEN | Buy | Buy | Maintains |
| 2025-03-24 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2025-02-17 | JEFFERIES | Buy | Buy | Maintains |
| 2025-02-11 | ARC INDEPENDENT RESEARCH | Hold | Hold | Maintains |
| 2025-02-06 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-07-14 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2025-07-08 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-06-12 | ARC INDEPENDENT RESEARCH | Hold | Hold | Maintains |
| 2025-06-08 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2025-06-08 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2025-06-05 | TD COWEN | Buy | Buy | Maintains |
| 2025-06-04 | JEFFERIES | Buy | Buy | Maintains |
