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Average Street target versus last close for $1B+ names. Not a forecast.
Your week on the TSX
This week, Avalon Advanced Materials Ltd (AVL.TO) saw a remarkable surge, climbing 125.62% as it announced an updated mineral resource estimate for its Nechalacho Basal Zone, positioning it as a key player in the North American rare earth elements market. In contrast, Telesat Corp (TSAT.TO) faced significant challenges, dropping 16.09% following disappointing Q2 financial results that revealed a substantial loss per share.
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Biggest gainers this week
Symbol | Name | Last | Week |
Avalon Advanced Materials Ltd | $11.80 | +125.62% | |
China Gold International Resources | $44.11 | +28.94% | |
Predictive Discovery Limited | $0.92 | +17.95% | |
Agnico Eagle Mines Limited | $292.11 | +16.14% | |
Kinross Gold Corp | $43.38 | +15.96% |
Avalon Advanced Materials Ltd's substantial gain was driven by its updated mineral resource estimate for the Nechalacho Basal Zone, which underscores the project's potential as a significant source of rare earth elements in North America. Additionally, the company successfully closed a brokered private placement, raising approximately C$18.65 million to further its projects.
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Biggest decliners this week
Symbol | Name | Last | Week |
Telesat Corp | $61.29 | -16.09% | |
Magellan Aerospace Corporation | $35.45 | -15.33% | |
Celestica Inc. | $416.76 | -14.02% | |
MDA Ltd | $43.07 | -11.18% | |
Terravest Capital Inc | $118.62 | -11.10% |
Telesat Corp's decline was largely influenced by its Q2 2026 earnings report, which showed a loss of C$10.89 per share, a stark contrast to the prior year's profit. The revenue drop to C$79.5 million, down from C$106.1 million, has raised concerns about the company's financial health moving forward.
CGG.TO: China Gold International Resources (CGG.TO) gained 28.94% this week, buoyed by strong demand for gold and positive market sentiment surrounding its operations.
AEM.TO: Agnico Eagle Mines Limited (AEM.TO) increased by 16.14%, reflecting ongoing strength in gold prices and the company's solid operational performance.
MAL.TO: Magellan Aerospace Corporation (MAL.TO) faced a 15.33% decline this week, as investors reacted to broader market trends impacting aerospace and defense sectors.
Looking ahead, keep an eye on the upcoming earnings reports and market developments that could influence these stocks, particularly in the commodities and technology sectors.
These are larger Canadian companies ($1B+) where the average analyst target sits furthest above the last close. Targets are opinions, not forecasts.
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