News / Canada / globe_inside_market
Analyst Roundup: Empire Co, Groupe Dynamite, Banyan Gold, Hemlo Mining and Transat A.T. Updates
Others · globe_inside_market · 2026-09-11
EMP, GRGD, BYN, HMMC, TRZ, TXCX
Financial analysts adjust price targets and ratings for several Canadian companies following recent earnings reports and new coverage initiations.
What Happened
Empire Co. Performance: Empire Co. Ltd. (EMP.A-T) reported fiscal 2027 first-quarter earnings that met expectations, though analysts noted mixed underlying trends and soft food same-store sales growth. While the company is expanding its discount store footprint, analysts have trimmed EPS forecasts and price targets due to concerns over consistent long-term growth.
Groupe Dynamite Growth: Groupe Dynamite Inc. (GRGD-T) saw strong second-quarter results with comparable store sales rising 10.3%, leading analysts to raise price targets and praise its high EBITDA margins. The company is actively optimizing its store portfolio to increase the share of investment-grade locations, which analysts believe provides a unique and underappreciated tailwind.
Mining Sector Coverage: Desjardins Securities initiated coverage on Banyan Gold Corp. (BYN-X) and Hemlo Mining Corp. (HMMC-T) with "buy" ratings, citing long-term development potential and infrastructure advantages. Both companies are currently executing significant exploration programs aimed at expanding resources and optimizing production capacity in the Yukon and Ontario regions.
Transat A.T. Outlook: TD Cowen lowered its price target for Transat A.T. Inc. (TRZ-T) to $2 following a sharp share price decline after the company's latest quarterly release. Analysts remain cautious, citing high leverage, narrow margins, and sensitivity to jet fuel prices, suggesting investors wait for a more favorable economic backdrop before entering the stock.