ATB Cormark Capital Markets Stock Recommendations and Price Targets

This is a list of recent ratings by ATB Cormark Capital Markets.

Date	Company Name	Action	Current Price	Price Target	Rating
9/17/2026	SGY Surge Energy	Boost Price Target	C$12.00	C$13.00 ➝ C$15.00	Outperform
9/17/2026	VLE Valeura Energy	Boost Price Target	C$16.00	C$18.50 ➝ C$19.50	Outperform
9/15/2026	ENB Enbridge	Boost Price Target	C$68.00	C$83.00 ➝ C$84.00	Outperform
9/14/2026	TCS Tecsys	Boost Price Target	C$36.00	C$40.00 ➝ C$41.00	Outperform
9/11/2026	TCL.A Transcontinental	Boost Price Target	C$5.00	C$6.00 ➝ C$7.00	Outperform
9/10/2026	TLG Troilus Gold	Boost Price Target	C$1.00	C$4.00 ➝ C$4.80	Top Pick
9/10/2026	WGO White Gold	Set Price Target	C$2.00	C$4.50	Speculative Buy
9/10/2026	ELD Eldorado Gold	Boost Price Target	C$60.00	C$45.00 ➝ C$64.00	Sector Perform
9/1/2026	ZOMD Zoomd Technologies	Lower Price Target	C$0.00	C$2.00 ➝ C$1.50	Speculative Buy
9/1/2026	BRAG Bragg Gaming Group Inc. (BRAG.V)	Lower Price Target	C$2.00	C$6.80 ➝ C$3.70	Outperform
9/1/2026	PBL Pollard Banknote	Lower Price Target	C$17.00	C$32.00 ➝ C$31.00	Outperform
8/28/2026	KRKNF Kraken Robotics	Upgrade	$3.00		Strong Sell ➝ Hold
8/28/2026	PNG Kraken Robotics	Upgrade	C$5.00		Strong Sell ➝ Hold
8/25/2026	RDS Radisson Mining Resources	Boost Price Target	C$1.00	C$2.25 ➝ C$2.45	Outperform
8/24/2026	WPRT Westport Fuel Systems	Set Price Target	$2.00	$2.65	Outperform ➝ Speculative Buy
8/24/2026	LUN Lundin Mining	Lower Price Target	C$34.00	C$42.50 ➝ C$41.50	Outperform
8/19/2026	ACB Aurora Cannabis	Downgrade	C$5.00	C$6.50 ➝ C$5.60	Outperform ➝ Tender
8/14/2026	ALYA Alithya Group	Downgrade	C$1.00	C$1.60 ➝ C$1.35	Outperform ➝ Sector Perform
8/14/2026	DIV Diversified Royalty	Lower Price Target	C$4.00	C$7.25 ➝ C$7.00	Outperform
8/14/2026	LCFS Tidewater Renewables	Boost Price Target	C$21.00	C$16.00 ➝ C$19.00	Speculative Buy
8/14/2026	NPI Northland Power	Boost Price Target	C$22.00	C$27.00 ➝ C$28.00	Outperform
8/14/2026	TWM Tidewater Midstream and Infrastructure	Boost Price Target	C$24.00	C$24.00 ➝ C$26.00	Outperform
8/14/2026	BDT Bird Construction	Boost Price Target	C$78.00	C$57.00 ➝ C$87.00	Outperform
8/14/2026	CCL.B CCL Industries	Boost Price Target	C$93.00	C$102.00 ➝ C$104.00	Outperform
8/14/2026	STN Stantec	Boost Price Target	C$96.00	C$130.00 ➝ C$133.00	Outperform
8/13/2026	SYZ Sylogist	Lower Price Target	C$3.00	C$5.50 ➝ C$4.75	Outperform ➝ Speculative Buy
8/13/2026	AC Air Canada	Boost Price Target	C$28.00	C$32.00 ➝ C$45.00	Outperform
8/13/2026	BYD Boyd Group Services	Boost Price Target	C$114.00	C$245.00 ➝ C$250.00	Outperform
8/13/2026	EIF Exchange Income	Boost Price Target	C$118.00	C$146.00 ➝ C$165.00	Outperform
8/12/2026	MAU Montage Gold	Boost Price Target	C$21.00	C$19.00 ➝ C$22.00	Outperform
8/12/2026	CSH.UN Chartwell Retirement Residences	Lower Price Target	C$20.00	C$25.50 ➝ C$25.00	Outperform
8/12/2026	CJT Cargojet	Boost Price Target	C$82.00	C$110.00 ➝ C$120.00	Outperform
8/11/2026	CFW Calfrac Well Services	Upgrade	C$7.00	C$7.50 ➝ C$9.00	Hold ➝ Moderate Buy
8/11/2026	CAR.UN Canadian Apartment Properties REIT	Lower Price Target	C$31.00	C$48.00 ➝ C$43.00	Outperform
8/11/2026	ABX Barrick Gold	Lower Price Target	C$60.00	C$60.00 ➝ C$57.00	Sector Perform
8/10/2026	BTG B2Gold	Upgrade	$5.00		Hold ➝ Moderate Buy
8/10/2026	BTO B2Gold	Upgrade	C$8.00	C$6.50 ➝ C$11.00	Hold ➝ Moderate Buy
8/10/2026	CF Canaccord Genuity Group	Boost Price Target	C$13.00	C$18.25 ➝ C$19.50	Outperform
8/10/2026	NFI NFI Group	Boost Price Target	C$24.00	C$31.00 ➝ C$32.00	Outperform
8/10/2026	DCBO Docebo	Boost Price Target	C$32.00	C$35.00 ➝ C$44.00	Outperform
8/10/2026	MDA MDA Space	Lower Price Target	C$42.00	C$51.00 ➝ C$48.00	Sector Perform
8/10/2026	TXG Torex Gold Resources	Downgrade	C$68.00		Moderate Buy ➝ Hold
8/7/2026	PRL Propel	Boost Price Target	C$25.00	C$29.00 ➝ C$38.00	Outperform
8/7/2026	POU Paramount Resources	Boost Price Target	C$32.00	C$35.00 ➝ C$37.00	Outperform
8/7/2026	SIS Savaria	Boost Price Target	C$29.00	C$35.00 ➝ C$38.00	Outperform
8/7/2026	AIF Altus Group	Boost Price Target	C$45.00	C$56.00 ➝ C$57.10	Outperform
8/7/2026	QBR.B Quebecor	Boost Price Target	C$64.00	C$69.00 ➝ C$77.00	Outperform
8/7/2026	PBH Premium Brands	Lower Price Target	C$76.00	C$150.00 ➝ C$130.00	Outperform
8/7/2026	WSP WSP Global	Lower Price Target	C$176.00	C$330.00 ➝ C$325.00	Outperform
8/6/2026	SIA Sienna Senior Living	Boost Price Target	C$20.00	C$26.00 ➝ C$27.00	Outperform
8/6/2026	KBL K-Bro Linen	Boost Price Target	C$42.00	C$50.00 ➝ C$55.00	Outperform
8/6/2026	SHOP Shopify	Boost Price Target	C$179.00	C$240.00 ➝ C$260.00	Outperform
8/5/2026	AKT Akita Drilling	Downgrade	C$4.00	C$5.00 ➝ C$4.25	Moderate Buy ➝ Hold
7/31/2026	REAL Real Matters	Downgrade	C$4.00	C$8.00 ➝ C$6.00	Outperform ➝ Sector Perform
7/31/2026	AFN Ag Growth International	Lower Price Target	C$13.00	C$25.00 ➝ C$18.00	Sector Perform
7/31/2026	KGC Kinross Gold	Upgrade	$28.00		Hold ➝ Moderate Buy
7/31/2026	K Kinross Gold	Upgrade	C$39.00	C$41.00 ➝ C$45.00	Hold ➝ Moderate Buy
7/31/2026	ALA AltaGas	Boost Price Target	C$54.00	C$60.00 ➝ C$63.00	Outperform
7/31/2026	TRP TC Energy	Boost Price Target	C$86.00	C$98.00 ➝ C$100.00	Sector Perform
7/30/2026	CG Centerra Gold	Boost Price Target	C$32.00	C$26.00 ➝ C$27.00	Sector Perform
7/30/2026	HBM Hudbay Minerals	Lower Price Target	C$38.00	C$35.50 ➝ C$35.00	Outperform
7/30/2026	PD Precision Drilling	Lower Price Target	C$123.00	C$165.00 ➝ C$160.00	Outperform
7/30/2026	CP Canadian Pacific Kansas City	Boost Price Target	C$122.00	C$137.00 ➝ C$143.00	Outperform
7/29/2026	BRO Barksdale Resources	Upgrade	C$0.00	C$0.40 ➝ C$0.25	Hold ➝ Moderate Buy
7/29/2026	QTRH Quarterhill	Upgrade	C$3.00	C$4.40 ➝ C$5.00	Outperform ➝ Top Pick
7/29/2026	GEI Gibson Energy	Boost Price Target	C$32.00	C$32.00 ➝ C$34.00	Outperform
7/29/2026	GSY goeasy	Downgrade	C$43.00	C$35.00	Market Perform ➝ Underperform
7/28/2026	ALYA Alithya Group	Upgrade	C$1.00	C$1.60	Sector Perform ➝ Outperform
7/28/2026	T TELUS	Lower Price Target	C$12.00	C$19.00 ➝ C$16.50	Sector Perform
7/28/2026	TSU Trisura Group	Lower Price Target	C$42.00	C$55.00 ➝ C$51.00	Outperform
7/27/2026	CNR Canadian National Railway	Boost Price Target	C$167.00	C$166.00 ➝ C$185.00	Sector Perform
7/22/2026	AD.UN Alaris Equity Partners Income Trust (AD.UN)	Boost Price Target	C$24.00	C$29.00 ➝ C$32.00	Outperform
7/20/2026	BRE Bridgemarq Real Estate Services	Upgrade	C$3.00	C$12.50 ➝ C$11.25	Market Perform ➝ Moderate Buy
7/20/2026	DCBO Docebo	Lower Price Target	$23.00	$36.00 ➝ $35.00	Outperform
7/17/2026	MDA MDA Space	Lower Price Target	C$42.00	C$62.00 ➝ C$51.00	Sector Perform
7/15/2026	EIF Exchange Income	Boost Price Target	C$118.00	C$125.00 ➝ C$146.00	Outperform
7/14/2026	ALS Altius Minerals	Boost Price Target	C$68.00	C$68.00 ➝ C$79.00
7/10/2026	ACX ACT Energy Technologies	Boost Price Target	C$8.00	C$9.25 ➝ C$9.50	Outperform
7/10/2026	CFW Calfrac Well Services	Downgrade	C$7.00	C$7.50	Moderate Buy ➝ Hold
7/10/2026	AG First Majestic Silver	Upgrade	$20.00		Hold ➝ Moderate Buy
7/10/2026	TOT Total Energy Services	Boost Price Target	C$36.00	C$32.00 ➝ C$33.00	Outperform
7/10/2026	AG First Majestic Silver	Upgrade	C$28.00	C$36.00 ➝ C$37.00	Hold ➝ Moderate Buy
7/10/2026	EFX Enerflex	Boost Price Target	C$32.00	C$46.00 ➝ C$47.00	Outperform
7/10/2026	NEO Neo Performance Materials	Boost Price Target	C$30.00	C$43.00 ➝ C$53.50	Outperform
7/10/2026	PD Precision Drilling	Lower Price Target	C$123.00	C$175.00 ➝ C$165.00	Outperform
7/10/2026	CP Canadian Pacific Kansas City	Boost Price Target	C$122.00	C$130.00 ➝ C$137.00	Outperform
7/10/2026	CNR Canadian National Railway	Boost Price Target	C$167.00	C$150.00 ➝ C$166.00	Sector Perform
7/9/2026	TWM Tidewater Midstream and Infrastructure	Boost Price Target	C$24.00	C$17.00 ➝ C$19.00	Sector Perform
7/8/2026	TRP TC Energy	Boost Price Target	C$86.00	C$87.00 ➝ C$92.00	Sector Perform
7/7/2026	DIV Diversified Royalty	Lower Price Target	C$4.00	C$7.50 ➝ C$7.25	Outperform
7/7/2026	PNG Kraken Robotics	Lower Price Target	C$5.00	C$6.50 ➝ C$5.00	Underperform
7/3/2026	PPL Pembina Pipeline	Boost Price Target	C$67.00	C$70.00 ➝ C$72.00	Outperform
6/30/2026	NEO Neo Performance Materials	Boost Price Target	C$30.00	C$37.50 ➝ C$43.00	Outperform
6/29/2026	SYZ Sylogist	Lower Price Target	C$3.00	C$6.00 ➝ C$5.50	Outperform
6/24/2026	DXT Dexterra Group	Boost Price Target	C$15.00	C$14.25 ➝ C$19.50	Outperform
6/24/2026	FTG Firan Technology Group	Set Price Target	C$21.00	C$30.00	Outperform
6/24/2026	LUN Lundin Mining	Boost Price Target	C$34.00	C$32.50 ➝ C$40.00	Outperform
6/22/2026	MDA MDA Space	Lower Price Target	C$42.00	C$67.00 ➝ C$62.00	Sector Perform
6/22/2026	MEQ Mainstreet Equity	Lower Price Target	C$166.00	C$245.00 ➝ C$225.00	Outperform
6/19/2026	RAY Stingray Digitl	Set Price Target	C$15.00	C$24.00	Buy