National Bank keeps ratings on Canadian Natural, Greenfire and Newmont
National Bank kept its ratings on three companies, raising the Canadian Natural Resources target to C$86 and lowering the Newmont target to $135 per share.
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what happened
National Bank kept its Sector Perform rating on Canadian Natural Resources shares and lifted its price target to C$86 per share from C$84, according to Dow Jones Newswires, citing Baystreet.
For Greenfire Resources, the bank maintained its Outperform rating, and the report gives no new price target. For Newmont Corp., the Sector Perform rating stays in place, but the price target was cut to $135 per share from $140.
why it matters
Analyst rating changes like these usually move sentiment around individual stocks rather than the market as a whole. The higher Canadian Natural target points to slightly stronger analyst expectations, while the lower Newmont target reflects a more restrained view of the gold producer.
tags
instruments
sources
- Canadian Natural Resources Ltd. Is Maintained at Sector Perform by National Bank — Dow Jones Newswires, 20 October 2026 at 15:27 UTC
- Greenfire Resources Ltd. Is Maintained at Outperform by National Bank — Dow Jones Newswires, 20 October 2026 at 15:27 UTC
- Newmont Corp. Is Maintained at Sector Perform by National Bank — Dow Jones Newswires, 20 October 2026 at 15:27 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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