FINWIRES · TerminalLIVE
FINWIRES

CIBC Confirms Outperformer Rating and Target of $47.00 on Saputo Ahead of Q4 Results

By

CIBC Capital Markets maintained its outperformer rating on the shares of Saputo (SAP.TO) and its C$47.00 price target ahead of the dairy-product company reporting its fiscal fourth-quarter financial results.

The bank continues to see the underlying fundamentals in the U.S. business as "healthy," particularly as demand for powders and by-products grow, and exports climb, it said. For Canada, it expects volume strength to drive revenue growth.

CIBC expects a "strong" quarter in the U.K. with EBITDA and sales growth year-over-year, while it forecast "more neutral" year-over-year performance in Australia, with seasonality driving lower milk volumes than in Q3 of fiscal 2026. It also said that it is "comfortable looking further ahead" than is its custom given the noise of the Argentina divestment and balance sheet flexibility that will come with the proceeds.

"While fundamentals remain solid across geographies, commodity volatility in the U.S. - particularly for butter - is expected to weigh on margins, along with some additional cost pressures," said analyst Mark Petrie. "Divesting Argentina is a positive step, and a potential catalyst for increased share buybacks."

Price: $41.45, Change: $-0.10, Percent Change: -0.24%

Related Articles

Mining & Metals

General Copper Gold Announces Completion of Financing

General Copper Gold (GGLD.CN) late Wednesday said it closed a private placement of share units that raised $1.75 million.The company placed 35-million units priced at C$0.05 each and made up of a share and one half of a one-year warrant to buy a share for $0.10.Proceeds will be used to pay for an option agreement with Frantier Mining Namibia to acquire an 80% interest in an application for an exclusive prospecting license covering approximately 48,500 hectares of land in Namibia, to advance exploration on the company's Topley Richfield copper-gold property in British Columbia, and for general corporate purposes.Shares of the company were last seen up $0.005 to $0.08 on the Canadian Securities Exchange.Price: $0.08, Change: $+0.01, Percent Change: +6.67%

$GGLD.CN
Mining & Metals

Cameco's Outperform Rating, C$180 Price Target Maintained by National Bank of Canada

National Bank of Canada on Thursday reiterated its outperform rating on the shares of Cameco (CCO.TO, CCJ) and and its C$180 price target after the company resumed much of its its northern Saskatchewan uranium operations.Cameco resumed full production at the McArthur River mine and Key Lake mill in Saskatchewan after a flooding-related logistics disruption announced on May 11. Its Cigar Lake mine was unaffected.While operations were not directly impacted by floodwaters, the Smoothstone River Bridge located on its primary supply route partially collapsed, and restrictions on an alternate route interrupted deliveries of critical operating materials.The company is now able to move enough critical materials through a secondary route to support full operations, although the timing to restore the primary route remains uncertain and further spring thaw or precipitation could cause new restrictions.Cameco's consolidated 2026 production guidance remained unchanged at 19.5 million-21.5 million pounds of uranium."Overall, we view this update as positive with the guidance reiterated, and less stress put on Cameco's use of inventories, purchases, and product loans," National Bank said.Price: $151.19, Change: $+2.49, Percent Change: +1.67%

$CCO.TO
Mining & Metals

WealthSimple to Offer Clients Early Access to Select Canadian and U.S. IPOs

Power Corporation of Canada's (POW.TO) WealthSimple unit will give Canadian retail investors early access to select initial public offerings (IPOs) at the offering price, something that is typically limited to institutional and high-net-worth investors, the company said on Thursday.The new capability, called IPO Access, will allow Wealthsimple clients to request shares, with no minimum requirement, of select companies going public on Canadian and U.S. stock exchanges. There is no fee to participate.Specific IPOs will be announced in the Wealthsimple app. If demand exceeds the shares Wealthsimple has available, participating clients are selected through a transparent process that is disclosed ahead of each IPO. Clients may end up with all the shares they requested, some, or none."Access to IPO shares is one of the starkest divides in public market investing," said Swapnil Parikh, Wealthsimple vice president of product. "Big institutions get to buy in at the offering price, while everyday investors are excluded. Wealthsimple is making it possible for Canadian investors to participate in IPOs on the same terms, at the same price."Power Corp shares were last seen up $0.04 to $80.96 on the Toronto Stock Exchange.Price: $81.02, Change: $+0.10, Percent Change: +0.12%

$IAG.TO$POW.TO