4 Canadian Miners with the Highest Analyst Price Targets

Four Canadian mining names are trading well below what Wall Street's own analysts think they're worth, gaps running from 27.6% up to a striking 80.7%. Is the market missing something real, or just slow to catch up?

One analyst's price target is a single opinion. But when several analysts at different banks, working independently, land on similar numbers, that agreement says more than any one call, it means the case has been stress-tested by multiple sets of eyes rather than resting on one model. That's the bar every stock on this list had to clear.

None of this is a guarantee. Price targets are each analyst's own opinion and model, they change often, and a stock trading below a target is not the same as a recommendation to buy it. Mining stocks carry sector-specific risks, including commodity price volatility, jurisdictional and regulatory risk, and, for smaller companies, financing and execution risk. Always do your own research and consult a licensed financial advisor before making any investment decision.

Figures reflect Investing.com's analyst consensus data as of July 16, 2026. Prices and targets shift as new research is published, treat this as a snapshot, not a current quote.

Torex Gold Resources runs the flagship Morelos Complex in Guerrero, Mexico, and just completed a smooth CEO transition to Andrew Snowden in June 2026. With 2026 production guided at 420,000 to 470,000 gold-equivalent ounces, that steady execution has earned Torex the strongest analyst consensus on this list: 11 analysts, a "Strong Buy" rating, and a CA$95.64 average target against a CA$52.94 share price, an 80.7% gap.

That confidence shows up in continued target hikes: Scotiabank raised its target to C$105.00 from C$100.00 on July 13, 2026, while Desjardins raised its own target to C$100.00 from C$95.00 back in February 2026.

SSR Mining is a free cash flow focused gold and silver producer with mines across the Americas. After closing the US$1.49 billion sale of its Çöpler mine in Türkiye and launching an expanded US$800 million buyback, the company sharpened its North American focus, a shift ten analysts have rewarded with a "Strong Buy" consensus and a CA$59.05 average target against a CA$35.84 share price, a 64.8% gap.

That agreement shows up in the individual actions: CIBC upgraded SSR Mining to Outperformer from Neutral with a target of $48, up from $35.50, Canaccord raised its own target to C$58 from C$46, and Scotiabank has raised its target three times since April 2026, most recently to C$60.00 from C$58.00 on July 13, 2026, four different firms moving the same direction within a short stretch.

GoGold Resources funds its growth the simple way: letting the producing Parral mine pay for what comes next. That approach just passed its biggest test yet, GoGold's board approved construction at Los Ricos South after securing final permits, backed by a debt-free balance sheet and roughly US$262 million in cash, more than the project's US$227 million price tag. Only three analysts cover the stock, but all three are pointing the same direction.

The Globe and Mail's Canadian Analyst Updates column recorded Desjardins initiating coverage with a Buy rating and a $5.50 target in April 2026, while BMO Capital's analyst raised his target to C$5.00 from C$4.00 in January 2026 and again to C$5.50 on June 8, 2026, moves that put the average at CA$5.25 against a CA$2.93 share price, a 79.2% gap.

Wesdome Gold Mines runs two high-grade underground mines, Eagle River in Ontario and Kiena in Québec, and just reaffirmed 2026 production guidance of 180,000 to 205,000 ounces on the back of rising Kiena output. Eight analysts cover the stock, a "Buy" consensus near CA$32.31 against a CA$25.32 share price, about 27.6% upside, the narrowest gap on this list.

The split shows up clearly in the record: National Bank Financial's Don DeMarco upgraded Wesdome to outperform and raised his target to C$37.00 from C$34.00 in early July 2026, reversing an earlier note from the same firm that had trimmed its target to C$28.00 back in February. Not everyone's converged since, RBC Capital and Canaccord still hold more cautious "Hold" ratings even as Stifel initiated coverage with a "Buy" in June 2026, a genuine, named disagreement rather than uniform consensus.