Canadian Imperial Bank of Commerce Boosts Topaz Energy (TSE:TPZ) Price Target to C$33.50

Topaz Energy (TSE:TPZ) had its price objective hoisted by research analysts at Canadian Imperial Bank of Commerce from C$29.00 to C$33.50 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Canadian Imperial Bank of Commerce’s price target indicates a potential upside of 7.89% from the company’s current price.

Other equities analysts have also recently issued reports about the company. National Bank Financial set a C$33.50 target price on Topaz Energy and gave the stock an “outperform” rating in a research report on Friday, January 9th. ATB Cormark Capital Markets lifted their price target on Topaz Energy from C$31.00 to C$33.00 and gave the company a “moderate buy” rating in a research report on Wednesday. Raymond James Financial boosted their price objective on Topaz Energy from C$32.00 to C$34.00 in a report on Tuesday, December 9th. Jefferies Financial Group decreased their price target on shares of Topaz Energy from C$31.00 to C$30.00 in a report on Tuesday, January 20th. Finally, Scotiabank raised Topaz Energy to a “strong-buy” rating in a report on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat.com, Topaz Energy currently has an average rating of “Buy” and an average target price of C$33.28.

Topaz Energy Stock Up 1.7%

TPZ opened at C$31.05 on Wednesday. The firm has a market capitalization of C$4.78 billion, a P/E ratio of 83.92 and a beta of 0.27. Topaz Energy has a one year low of C$21.00 and a one year high of C$31.21. The company has a fifty day moving average price of C$28.17 and a 200-day moving average price of C$26.76. The company has a debt-to-equity ratio of 36.45, a current ratio of 1.89 and a quick ratio of 7.17.

Topaz Energy News Roundup

Here are the key news stories impacting Topaz Energy this week:

• Positive Sentiment: Royal Bank of Canada raised its price target to C$34.00 and set an “outperform” rating (≈9.3% upside vs referenced C$31.10). BayStreet Article
• Positive Sentiment: Desjardins bumped its target to C$32.50 and maintained a “buy” rating (≈4.5% upside vs C$31.10). BayStreet Article
• Positive Sentiment: Canaccord Genuity raised its target to C$35.00 and kept a “buy” call (≈14.6% upside vs C$30.53). BayStreet Article
• Positive Sentiment: TD Securities increased its target to C$33.00 with a “buy” rating (≈8.1% upside vs C$30.53). BayStreet Article
• Positive Sentiment: Canadian Imperial Bank of Commerce lifted its target to C$33.50 and issued an “outperform” (≈9.7% upside vs C$30.53). BayStreet Article TickerReport
• Positive Sentiment: Raymond James raised its target to C$35.00 and kept an “outperform” rating (≈14.6% upside vs C$30.53). BayStreet Article
• Positive Sentiment: ATB Cormark increased its target to C$33.00 and rates TPZ a “moderate buy” (≈6.3% upside vs C$31.05). BayStreet Article Zacks
• Positive Sentiment: Market coverage pieces note an evolving narrative and updated valuation assumptions that support higher targets and helped push TPZ to a new 1‑year high. Yahoo Finance AmericanBankingNews

Topaz Energy Company Profile

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with Canada’s natural gas producers, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies, while maintaining its commitment to environmental, social and governance practices. It generates revenue from the Royalty Assets, which generate the company’s Royalty Production Revenue; and the Infrastructure Assets, which generate the company’s Processing Revenue and Other Income.