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
6/19/2026	RAY Stingray Digitl	Set Price Target	C$15.00	C$24.00	Buy
6/18/2026	TGO TeraGo	Boost Price Target	C$1.00	C$0.80 ➝ C$1.25	Sector Perform
6/16/2026	KEY Keyera	Boost Price Target	C$56.00	C$55.00 ➝ C$58.00	Sector Perform
6/10/2026	TA TransAlta	Set Price Target	C$20.00	C$28.00	Outperform
6/5/2026	TCL.A Transcontinental	Lower Price Target	C$5.00	C$7.00 ➝ C$6.00	Outperform
6/2/2026	SGY Surge Energy	Boost Price Target	C$10.00	C$12.00 ➝ C$13.00	Outperform
6/2/2026	MAL Magellan Aerospace	Boost Price Target	C$32.00	C$31.00 ➝ C$46.00	Outperform
5/29/2026	MDA MDA Space	Downgrade	$39.00		Moderate Buy ➝ Hold
5/29/2026	MDA MDA Space	Downgrade	C$59.00	C$53.00 ➝ C$67.00	Moderate Buy ➝ Hold
5/25/2026	VNP 5N Plus	Boost Price Target	C$44.00	C$45.00 ➝ C$56.50	Top Pick
5/21/2026	DIV Diversified Royalty	Boost Price Target	C$5.00	C$5.00 ➝ C$5.50	Outperform
5/21/2026	AP.UN Allied Properties Real Estate Investment Trust	Set Price Target	C$10.00	C$11.00	Sector Perform
5/21/2026	KEY Keyera	Boost Price Target	C$56.00	C$54.00 ➝ C$55.00	Sector Perform
5/20/2026	PBL Pollard Banknote	Lower Price Target	C$17.00	C$41.00 ➝ C$32.00	Outperform
5/19/2026	ACQ AutoCanada	Lower Price Target	C$22.00	C$22.00 ➝ C$21.00	Sector Perform
5/19/2026	CGY Calian Group	Boost Price Target	C$77.00	C$92.50 ➝ C$98.50	Outperform
5/15/2026	SPB Superior Plus	Boost Price Target	C$8.00	C$8.50 ➝ C$9.00	Outperform
5/15/2026	NPI Northland Power	Boost Price Target	C$23.00	C$24.00 ➝ C$26.00	Outperform
5/15/2026	KEY Keyera	Boost Price Target	C$56.00	C$52.00 ➝ C$54.00	Sector Perform
5/15/2026	BDT Bird Construction	Boost Price Target	C$62.00	C$48.00 ➝ C$57.00	Outperform
5/15/2026	QBR.B Quebecor	Boost Price Target	C$68.00	C$63.00 ➝ C$69.00	Outperform
5/15/2026	STN Stantec	Upgrade	$68.00		Hold ➝ Moderate Buy
5/15/2026	CCL.B CCL Industries	Boost Price Target	C$88.00	C$101.00 ➝ C$102.00	Outperform
5/15/2026	STN Stantec	Upgrade	C$96.00	C$157.00 ➝ C$130.00	Hold ➝ Moderate Buy
5/14/2026	NOA North American Construction Group	Boost Price Target	C$19.00	C$21.00 ➝ C$24.00	Sector Perform
5/14/2026	GSY goeasy	Lower Price Target	C$42.00	C$42.00 ➝ C$35.00	Sector Perform
5/14/2026	BYD Boyd Group Services	Lower Price Target	C$129.00	C$285.00 ➝ C$245.00	Outperform
5/13/2026	CFW Calfrac Well Services	Boost Price Target	C$6.00	C$7.25 ➝ C$7.50	Outperform
5/13/2026	TCW Trican Well Service	Boost Price Target	C$7.00	C$8.00 ➝ C$8.50	Outperform
5/13/2026	PET Pet Valu	Lower Price Target	C$18.00	C$40.00 ➝ C$30.00	Outperform
5/12/2026	ESI Ensign Energy Services	Upgrade	C$4.00	C$4.00 ➝ C$5.00	Sector Perform ➝ Outperform
5/8/2026	BTE Baytex Energy	Boost Price Target	C$6.00	C$7.00 ➝ C$8.50	Sector Perform
5/8/2026	LCFS Tidewater Renewables	Boost Price Target	C$12.00	C$8.00 ➝ C$12.00	Speculative Buy
5/8/2026	TWM Tidewater Midstream and Infrastructure	Boost Price Target	C$17.00	C$9.00 ➝ C$17.00	Sector Perform
5/8/2026	VNP 5N Plus	Boost Price Target	C$44.00	C$37.50 ➝ C$45.00	Top Pick
5/8/2026	EFX Enerflex	Boost Price Target	C$35.00	C$42.00 ➝ C$46.00	Outperform
5/8/2026	MDA MDA Space	Lower Price Target	C$59.00	C$54.00 ➝ C$53.00	Outperform
5/8/2026	LUG Lundin Gold	Upgrade	C$78.00	C$130.00	Sector Perform ➝ Outperform
5/8/2026	WSP WSP Global	Lower Price Target	C$177.00	C$335.00 ➝ C$330.00	Outperform
5/7/2026	KITS Kits Eyecare	Lower Price Target	C$13.00	C$20.00 ➝ C$16.75	Speculative Buy
5/7/2026	AFN Ag Growth International	Boost Price Target	C$21.00	C$22.00 ➝ C$25.00	Sector Perform
5/7/2026	SIA Sienna Senior Living	Boost Price Target	C$22.00	C$25.00 ➝ C$26.00	Outperform
5/7/2026	HPS.A Hammond Power Solutions	Boost Price Target	C$350.00	C$250.00 ➝ C$350.00	Outperform
5/6/2026	BLDP Ballard Power Systems	Boost Price Target	$4.00	$3.50 ➝ $4.30	Sector Perform
5/6/2026	SDE Spartan Delta	Upgrade	C$11.00	C$13.25 ➝ C$17.00	Sector Perform ➝ Outperform
5/6/2026	TPZ Topaz Energy	Boost Price Target	C$30.00	C$34.00 ➝ C$35.00	Outperform
5/6/2026	SHOP Shopify	Lower Price Target	C$152.00	C$250.00 ➝ C$240.00	Outperform
5/5/2026	KSI kneat.com	Boost Price Target	C$6.00	C$6.00 ➝ C$7.00	Outperform
5/4/2026	AEM Agnico Eagle Mines	Upgrade	$167.00		Hold ➝ Outperform
5/4/2026	EGO Eldorado Gold	Downgrade	$33.00		Moderate Buy ➝ Hold
5/4/2026	ELD Eldorado Gold	Downgrade	C$45.00		Moderate Buy ➝ Hold
5/4/2026	TRP TC Energy	Boost Price Target	C$96.00	C$82.00 ➝ C$87.00	Sector Perform
5/4/2026	AEM Agnico Eagle Mines	Upgrade	C$231.00		Sector ➝ Outperform
5/1/2026	KGC Kinross Gold	Upgrade	$27.00		Hold ➝ Moderate Buy
5/1/2026	K Kinross Gold	Upgrade	C$37.00	C$56.00	Hold ➝ Moderate Buy
5/1/2026	ALA AltaGas	Boost Price Target	C$54.00	C$54.00 ➝ C$56.00	Outperform
5/1/2026	PD Precision Drilling	Boost Price Target	C$119.00	C$165.00 ➝ C$175.00	Outperform
4/30/2026	WCP Whitecap Resources	Boost Price Target	C$16.00	C$17.50 ➝ C$18.50	Outperform
4/30/2026	ARE Aecon Group	Boost Price Target	C$44.00	C$42.00 ➝ C$49.00	Sector Perform
4/29/2026	AC Air Canada	Lower Price Target	C$24.00	C$33.00 ➝ C$32.00	Outperform
4/28/2026	NOA North American Construction Group	Downgrade	$14.00		Moderate Buy ➝ Hold
4/28/2026	NOA North American Construction Group	Downgrade	C$19.00		Outperform ➝ Sector Perform
4/28/2026	ARX ARC Resources	Downgrade	C$30.00	C$31.00	Outperform ➝ Tender
4/23/2026	SPB Superior Plus	Boost Price Target	C$8.00	C$8.00 ➝ C$8.50	Outperform
4/23/2026	DCBO Docebo	Boost Price Target	C$24.00	C$35.00 ➝ C$36.00	Outperform
4/23/2026	ALA AltaGas	Boost Price Target	C$54.00	C$52.00 ➝ C$54.00	Outperform
4/23/2026	TRP TC Energy	Boost Price Target	C$96.00	C$80.00 ➝ C$82.00	Outperform
4/22/2026	QST Questor Technology	Downgrade	C$0.00	C$0.60 ➝ C$0.45	Speculative Buy ➝ Sector Perform
4/21/2026	RUP Rupert Resources	Downgrade	C$5.00	C$22.00 ➝ C$15.00	Outperform ➝ Tender
4/20/2026	KTO K2 Gold	Set Price Target	C$1.00	C$2.25	Speculative Buy
4/20/2026	MOON Blue Moon Metals	Boost Price Target	C$9.00	C$10.00 ➝ C$13.50	Speculative Buy
4/20/2026	BDT Bird Construction	Boost Price Target	C$62.00	C$38.00 ➝ C$48.00	Outperform
4/17/2026	AIF Altus Group	Boost Price Target	C$45.00	C$54.00 ➝ C$58.00	Outperform
4/17/2026	CP Canadian Pacific Kansas City	Downgrade	$86.00		Strong-Buy ➝ Moderate Buy
4/17/2026	CP Canadian Pacific Kansas City	Boost Price Target	C$121.00	C$127.00 ➝ C$130.00	Strong-Buy ➝ Moderate Buy
4/17/2026	CNR Canadian National Railway	Boost Price Target	C$160.00	C$146.00 ➝ C$150.00	Sector Perform
4/15/2026	SIS Savaria	Boost Price Target	C$29.00	C$32.00 ➝ C$35.00	Outperform
4/8/2026	PPL Pembina Pipeline	Boost Price Target	C$66.00	C$64.00 ➝ C$66.00	Outperform
4/7/2026	TCL.A Transcontinental	Lower Price Target	C$5.00	C$27.00 ➝ C$7.00	Outperform
4/7/2026	B Barrick Mining	Downgrade	$40.00		Moderate Buy ➝ Hold
4/7/2026	ABX Barrick Gold	Downgrade	C$56.00	C$70.00 ➝ C$75.00	Moderate Buy ➝ Hold
4/6/2026	QTRH Quarterhill	Boost Price Target	C$2.00	C$2.00 ➝ C$2.75	Outperform
4/6/2026	HLF High Liner Foods	Lower Price Target	C$15.00	C$24.00 ➝ C$19.50	Speculative Buy
4/6/2026	MAL Magellan Aerospace	Upgrade	C$32.00		Moderate Buy
4/2/2026	TLRY Tilray Brands	Lower Price Target	$5.00	$9.50 ➝ $9.00	Sector Perform
4/2/2026	GSY goeasy	Downgrade	C$42.00	C$85.00 ➝ C$42.00	Moderate Buy ➝ Hold
4/1/2026	JUSHF Jushi	Downgrade	$0.00		Strong-Buy ➝ Moderate Buy
4/1/2026	MAU Montage Gold	Boost Price Target	C$17.00	C$16.50 ➝ C$18.00	Outperform
4/1/2026	SU Suncor Energy	Upgrade	$55.00		Hold ➝ Moderate Buy
4/1/2026	SU Suncor Energy	Upgrade	C$78.00		Hold ➝ Moderate Buy
3/30/2026	ARE Aecon Group	Boost Price Target	C$44.00	C$39.00 ➝ C$42.00	Sector Perform
3/27/2026	LCFS Tidewater Renewables	Boost Price Target	C$12.00	C$5.00 ➝ C$8.00	Speculative Buy
3/27/2026	TWM Tidewater Midstream and Infrastructure	Boost Price Target	C$17.00	C$6.00 ➝ C$9.00	Sector Perform
3/27/2026	VET Vermilion Energy	Upgrade	$10.00		Hold ➝ Buy
3/27/2026	VET Vermilion Energy	Upgrade	C$14.00	C$16.00 ➝ C$24.00	Hold ➝ Moderate Buy
3/27/2026	SU Suncor Energy	Boost Price Target	C$78.00	C$71.00 ➝ C$95.00	Sector Perform
3/25/2026	AFN Ag Growth International	Downgrade	C$21.00	C$36.00	Strong-Buy ➝ Moderate Buy
3/25/2026	MDA MDA Space	Lower Price Target	C$59.00	C$61.00 ➝ C$46.00	Outperform
3/24/2026	TA TransAlta	Boost Price Target	C$20.00	C$27.00 ➝ C$28.00	Outperform
3/24/2026	CDE Coeur Mining	Upgrade	$18.00		Hold ➝ Moderate Buy