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
10/30/2026	ELD Eldorado Gold	Lower Price Target	C$44.00	C$64.00 ➝ C$61.00	Sector Perform
10/29/2026	CP Canadian Pacific Kansas City	Lower Price Target	C$128.00	C$146.00 ➝ C$144.00	Outperform
10/29/2026	PD Precision Drilling	Boost Price Target	C$135.00	C$170.00 ➝ C$190.00	Outperform
10/27/2026	LGN Logan Energy	Downgrade	C$1.00	C$1.50	Outperform ➝ Tender
10/27/2026	AC Air Canada	Lower Price Target	C$21.00	C$45.00 ➝ C$43.00	Outperform
10/27/2026	HLF High Liner Foods	Downgrade	C$27.00	C$21.00 ➝ C$27.00	Speculative Buy ➝ Tender
10/26/2026	MGM Maple Gold Mines	Upgrade	C$2.00		Moderate Buy
10/26/2026	NOA North American Construction Group	Upgrade	$12.00		Hold ➝ Moderate Buy
10/26/2026	NOA North American Construction Group	Upgrade	C$17.00	C$23.50	Hold ➝ Moderate Buy
10/26/2026	CEU CES Energy Solutions	Downgrade	C$20.00	C$21.00 ➝ C$23.50	Moderate Buy ➝ Hold
10/26/2026	PXT Parex Resources	Set Price Target	C$26.00	C$35.00	Outperform
10/23/2026	SVI StorageVault Canada	Lower Price Target	C$4.00	C$6.00 ➝ C$5.15	Outperform
10/23/2026	LCFS Tidewater Renewables	Boost Price Target	C$21.00	C$19.00 ➝ C$21.00	Speculative Buy
10/23/2026	TWM Tidewater Midstream and Infrastructure	Boost Price Target	C$24.00	C$26.00 ➝ C$28.00	Outperform
10/23/2026	PXT Parex Resources	Upgrade	C$26.00		Moderate Buy
10/23/2026	GEI Gibson Energy	Boost Price Target	C$34.00	C$35.00 ➝ C$37.00	Outperform
10/23/2026	PPL Pembina Pipeline	Boost Price Target	C$69.00	C$77.00 ➝ C$79.00	Outperform
10/22/2026	WILD WildBrain	Boost Price Target	C$1.00	C$1.35 ➝ C$1.45	Sector Perform
10/22/2026	TVE Tamarack Valley Energy	Boost Price Target	C$13.00	C$16.00 ➝ C$17.25	Outperform
10/22/2026	WCP Whitecap Resources	Boost Price Target	C$19.00	C$19.00 ➝ C$23.00	Outperform
10/22/2026	SCR Strathcona Resources	Boost Price Target	C$38.00	C$46.00 ➝ C$50.00	Sector Perform
10/22/2026	CVE Cenovus Energy	Boost Price Target	C$43.00	C$49.00 ➝ C$55.00	Outperform
10/22/2026	TOU Tourmaline Oil	Boost Price Target	C$66.00	C$70.00 ➝ C$75.00	Outperform
10/22/2026	CNQ Canadian Natural Resources	Boost Price Target	C$75.00	C$70.00 ➝ C$85.00	Outperform
10/22/2026	SU Suncor Energy	Boost Price Target	C$105.00	C$100.00 ➝ C$125.00	Outperform
10/22/2026	SHOP Shopify	Downgrade	$143.00		Moderate Buy ➝ Hold
10/22/2026	IMO Imperial Oil	Boost Price Target	C$188.00	C$140.00 ➝ C$175.00	Sector Perform
10/21/2026	FLT Volatus Aerospace	Set Price Target	C$0.00	C$1.00	Speculative Buy
10/19/2026	T TELUS	Lower Price Target	C$12.00	C$13.50 ➝ C$12.00	Hold
10/19/2026	IPO InPlay Oil	Boost Price Target	C$20.00	C$23.00 ➝ C$25.00	Outperform
10/15/2026	SGM Sutter Gold Mining	Upgrade	C$0.00		Hold ➝ Moderate Buy
10/15/2026	SGML Sigma Lithium	Upgrade	$6.00		Hold ➝ Moderate Buy
10/14/2026	EFX Enerflex	Boost Price Target	C$33.00	C$52.00 ➝ C$56.00	Outperform
10/14/2026	ERO Ero Copper	Boost Price Target	C$43.00	C$50.00 ➝ C$55.00	Outperform
10/13/2026	DXT Dexterra Group	Boost Price Target	C$20.00	C$19.50 ➝ C$25.00	Outperform
10/9/2026	FTG Firan Technology Group	Boost Price Target	C$34.00	C$30.00 ➝ C$40.00	Outperform
10/9/2026	HBM Hudbay Minerals	Boost Price Target	C$30.00	C$35.00 ➝ C$40.00	Outperform
10/9/2026	HPS.A Hammond Power Solutions	Boost Price Target	C$237.00	C$350.00 ➝ C$400.00	Outperform
10/8/2026	GLAD Gladstone Capital	Upgrade	$19.00		Moderate Buy
10/8/2026	FFH Fairfax Financial	Lower Price Target	C$2,489.00	C$2,600.00 ➝ C$2,500.00	Sector Perform
10/6/2026	ACB Aurora Cannabis	Boost Price Target	C$7.00	C$5.60 ➝ C$7.00	Tender
10/6/2026	CVE Cenovus Energy	Boost Price Target	C$43.00	C$42.50 ➝ C$49.00	Outperform
10/6/2026	SU Suncor Energy	Boost Price Target	C$105.00	C$108.00 ➝ C$110.00	Outperform
10/2/2026	SGM Sutter Gold Mining	Downgrade	C$0.00		Moderate Buy ➝ Hold
10/2/2026	SGML Sigma Lithium	Downgrade	$6.00	$19.50 ➝ $13.00	Moderate Buy ➝ Hold
10/2/2026	EFX Enerflex	Boost Price Target	C$33.00	C$47.00 ➝ C$52.00	Outperform
10/1/2026	AFN Ag Growth International	Lower Price Target	C$9.00	C$18.00 ➝ C$11.00	Sector Perform
10/1/2026	SSRM SSR Mining	Boost Price Target	C$37.00	C$59.00 ➝ C$64.00	Outperform
9/30/2026	BRO Barksdale Resources	Upgrade	C$0.00	C$0.25 ➝ C$0.30	Sector Perform ➝ Speculative Buy
9/30/2026	ETL E3 Lithium	Lower Price Target	C$1.00	C$4.00 ➝ C$3.75
9/30/2026	YGR Yangarra Resources	Upgrade	C$2.00	C$1.80 ➝ C$2.20	Sector Perform ➝ Outperform
9/30/2026	SGR.UN Slate Grocery REIT	Downgrade	C$18.00	C$8.00 ➝ C$13.00	Underperform ➝ Tender
9/30/2026	GEI Gibson Energy	Boost Price Target	C$34.00	C$34.00 ➝ C$35.00
9/28/2026	TXG Torex Gold Resources	Upgrade	C$65.00		Hold ➝ Moderate Buy
9/24/2026	TOT Total Energy Services	Boost Price Target	C$36.00	C$36.50 ➝ C$42.00	Outperform
9/21/2026	TLRY Tilray Brands	Lower Price Target	$3.00	$8.00 ➝ $6.00	Hold
9/21/2026	TCS Tecsys	Boost Price Target	C$39.00	C$41.00 ➝ C$46.00	Outperform
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$69.00	C$83.00 ➝ C$84.00	Outperform
9/14/2026	TCS Tecsys	Boost Price Target	C$39.00	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$44.00	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$16.00	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$4.00		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$30.00	C$42.50 ➝ C$41.50	Outperform
8/19/2026	ACB Aurora Cannabis	Downgrade	C$7.00	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$75.00	C$57.00 ➝ C$87.00	Outperform
8/14/2026	CCL.B CCL Industries	Boost Price Target	C$99.00	C$102.00 ➝ C$104.00	Outperform
8/14/2026	STN Stantec	Boost Price Target	C$109.00	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$21.00	C$32.00 ➝ C$45.00	Outperform
8/13/2026	BYD Boyd Group Services	Boost Price Target	C$123.00	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$14.00	C$19.00 ➝ C$22.00	Outperform
8/12/2026	CSH.UN Chartwell Retirement Residences	Lower Price Target	C$22.00	C$25.50 ➝ C$25.00	Outperform
8/12/2026	CJT Cargojet	Boost Price Target	C$94.00	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$52.00	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$7.00	C$6.50 ➝ C$11.00	Hold ➝ Moderate Buy
8/10/2026	CF Canaccord Genuity Group	Boost Price Target	C$14.00	C$18.25 ➝ C$19.50	Outperform
8/10/2026	NFI NFI Group	Boost Price Target	C$26.00	C$31.00 ➝ C$32.00	Outperform
8/10/2026	DCBO Docebo	Boost Price Target	C$42.00	C$35.00 ➝ C$44.00	Outperform
8/10/2026	MDA MDA Space	Lower Price Target	C$38.00	C$51.00 ➝ C$48.00	Sector Perform
8/10/2026	TXG Torex Gold Resources	Downgrade	C$65.00		Moderate Buy ➝ Hold
8/7/2026	PRL Propel	Boost Price Target	C$27.00	C$29.00 ➝ C$38.00	Outperform