Clarkson Capital Stock Recommendations and Price Targets

This is a list of recent ratings by Clarkson Capital.

Date	Company Name	Action	Current Price	Price Target	Rating
12/3/2025	BWLP BW LPG	Upgrade	$12.00		Neutral ➝ Buy
11/24/2025	FRO Frontline	Upgrade	$23.00		Hold
11/19/2025	FCX Freeport-McMoRan	Upgrade	$47.00	$46.00	Neutral ➝ Buy
11/18/2025	CS Capstone Copper	Downgrade	C$13.00		Strong-Buy ➝ Hold
11/14/2025	ECO Okeanis Eco Tankers	Upgrade	$36.00		Hold
10/24/2025	KOS Kosmos Energy	Initiated Coverage	$1.00	$4.00	Buy
10/8/2025	TNK Teekay Tankers	Upgrade	$54.00		Strong-Buy
9/25/2025	FCX Freeport-McMoRan	Reiterated Rating	$47.00	$42.00	Buy ➝ Neutral
9/9/2025	SMHI SEACOR Marine	Downgrade	$7.00	$7.00	Buy ➝ Neutral
9/3/2025	VALE Vale	Initiated Coverage	$13.00	$12.00	Buy
9/2/2025	VAL Valaris	Downgrade	$54.00	$54.00	Buy ➝ Neutral
5/22/2025	GSL Global Ship Lease	Downgrade	$34.00	$28.00	Strong-Buy ➝ Hold
5/20/2025	ZIM ZIM Integrated Shipping Services	Downgrade	$19.00	$20.00	Buy ➝ Neutral
3/19/2025	GSL Global Ship Lease	Upgrade	$34.00		Hold ➝ Strong-Buy
2/28/2025	NGLOY Anglo American	Upgrade	$19.00		Strong-Buy
2/28/2025	RIO Rio Tinto	Upgrade	$76.00		Strong-Buy
2/28/2025	BHP BHP Group	Upgrade	$60.00		Strong-Buy
1/14/2025	ALB Albemarle	Initiated Coverage	$133.00	$112.00	Buy
11/22/2024	ZIM ZIM Integrated Shipping Services	Upgrade	$19.00		Hold ➝ Strong-Buy
11/14/2024	GSL Global Ship Lease	Downgrade	$34.00	$27.00	Buy ➝ Neutral
8/22/2024	NVGS Navigator	Upgrade	$17.00	$20.00	Neutral ➝ Buy
8/14/2024	FSLR First Solar	Initiated Coverage	$255.00	$270.00	Buy
8/8/2024	GSL Global Ship Lease	Upgrade	$34.00		Neutral ➝ Buy
3/21/2023	RIG Transocean	Upgrade	$4.00	$7.50	Neutral ➝ Buy