TSX:MI.UN Stock Forecast

Stock Price Forecast

The 6 analysts with 12-month price forecasts for TSX:MI.UN stock have an average target of $18.00, which predicts a 3.24% increase from the current stock price of 17.44.

Price Target: $18.00 (+3.24%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$18.00	$18.00	$18.00	$18.00
Change	+3.24%	+3.24%	+3.24%	+3.24%

* Price targets were last updated on May 12, 2026.

Analyst Ratings

The average analyst rating for TSX:MI.UN stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	4	0	0	0	0	0
Buy	2	1	0	0	0	0
Hold	4	5	6	5	5	5
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	10	6	6	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Dean Wilkinson CIBC	CIBC	Hold Maintains $18.00	Hold	Maintains	$18.00	+3.24%	May 12, 2026
Mark Rothschild Canaccord Genuity	Canaccord Genuity	Hold Maintains $18.00	Hold	Maintains	$18.00	+3.24%	Mar 5, 2026
Jimmy Shan RBC Capital	RBC Capital	Hold Downgrades $16.50 → $18.00	Hold	Downgrades	$16.50 → $18.00	+3.24%	Feb 10, 2026
Brad Sturges Raymond James	Raymond James	Hold Maintains $14.25 → $18.00	Hold	Maintains	$14.25 → $18.00	+3.24%	Jan 7, 2026
Unknown Analyst National Bank No rating	National Bank	Hold Maintains $15.00 → $18.00	Hold	Maintains	$15.00 → $18.00	+3.24%	Jan 7, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

161.15M

from 153.23M

5.17%

from 153.23M

Revenue Next Year

166.82M

from 161.15M

3.52%

from 161.15M

EPS This Year

0.57

from -3.86

EPS Next Year

0.59

from 0.57

3.51%

from 0.57

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	123.55M	143.79M	157.93M	157.09M	153.23M	161.15M
Revenue Growth	-1.11%	16.38%	9.83%	-0.53%	-2.46%	5.17%
EPS	-	-	-	-	-3.86	0.57
Dividend / Share	0.46	0.48	0.49	0.51	0.52	0.54
Dividend Growth	-	4.17%	3.14%	3.05%	2.96%	3.36%
Free Cash Flow	5.00M	-8.12M	-92.22M	54.58M	132.13M	31.00M
FFO	48.53M	54.18M	55.26M	64.72M	56.80M	61.72M
FFO / Share	-	-	-	-	-	1.00
P/FFO	-	-	-	-	-	17.52
No. Analysts	-	-	-	-	-	1

EPS based on non-GAAP adjusted numbers. Financial currency is CAD.

Revenue Forecast

Revenue	2026	2027
High	161.2M
Avg	161.2M
Low	161.2M

Revenue Growth

Revenue Growth	2026	2027
High	5.2%
Avg	5.2%
Low	5.2%

EPS Forecast

EPS	2026	2027
High	-
Avg	0.57
Low	-

EPS Growth

EPS Growth	2026	2027
High	-
Avg	-
Low	-