Cormark Stock Recommendations and Price Targets

This is a list of recent ratings by Cormark.

Date	Company Name	Action	Current Price	Price Target	Rating
1/19/2026	FDR Founders Metals	Upgrade	C$4.00		Moderate Buy
1/14/2026	LUG Lundin Gold	Boost Price Target	C$102.00	C$100.00 ➝ C$115.00
1/12/2026	AFN Ag Growth International	Set Price Target	C$29.00	C$35.00	Hold
12/22/2025	LUNMF Lundin Mining	Upgrade	$25.00		Hold ➝ Moderate Buy
12/22/2025	LUN Lundin Mining	Upgrade	C$34.00		Hold ➝ Moderate Buy
12/18/2025	MAU Montage Gold	Boost Price Target	C$4.00	C$9.75 ➝ C$10.50	Buy
12/18/2025	TMQ Trilogy Metals	Upgrade	C$7.00		Hold ➝ Moderate Buy
12/18/2025	TMQ Trilogy Metals	Upgrade	$5.00		Hold ➝ Moderate Buy
12/16/2025	EQX Equinox Gold	Lower Price Target	C$19.00	C$22.50 ➝ C$21.00
12/8/2025	OMG Omai Gold Mines	Upgrade	C$2.00		Moderate Buy
12/3/2025	EXE Extendicare	Boost Price Target	C$23.00	C$25.00 ➝ C$30.00
12/2/2025	NOW NowVertical Group	Upgrade	C$0.00		Moderate Buy
11/25/2025	ABX Barrick Gold	Boost Price Target	C$62.00	C$66.00 ➝ C$78.00
11/25/2025	PNG Kraken Robotics	Downgrade	C$8.00		Moderate Buy ➝ Hold
11/24/2025	MAU Montage Gold	Boost Price Target	C$4.00	C$9.50 ➝ C$9.75	Buy
11/21/2025	LAC Lithium Americas	Upgrade	$5.00		Hold ➝ Moderate Buy
11/21/2025	LAC Lithium Americas	Upgrade	C$7.00		Hold ➝ Moderate Buy
11/21/2025	AIF Altus Group	Upgrade	C$46.00	C$61.00 ➝ C$65.00	Hold ➝ Buy
11/18/2025	RUA Rua Gold	Upgrade	C$1.00		Moderate Buy
11/13/2025	LUNMF Lundin Mining	Downgrade	$25.00		Moderate Buy ➝ Hold
11/13/2025	LUN Lundin Mining	Downgrade	C$34.00		Moderate Buy ➝ Hold
11/11/2025	ABX Barrick Gold	Upgrade	C$62.00		Hold ➝ Buy
11/11/2025	B Barrick Mining	Upgrade	$46.00		Hold ➝ Moderate Buy
11/11/2025	VLE Valeura Energy	Upgrade	C$10.00		Moderate Buy
11/7/2025	BTO B2Gold	Downgrade	C$7.00		Moderate Buy ➝ Hold
11/7/2025	DRT DIRTT Environmental Solutions	Upgrade	C$1.00		Moderate Buy
11/6/2025	AG First Majestic Silver	Upgrade	$21.00		Hold ➝ Moderate Buy
11/6/2025	AG First Majestic Silver	Upgrade	C$28.00		Hold ➝ Moderate Buy
11/3/2025	TLG Troilus Gold	Upgrade	C$2.00		Moderate Buy ➝ Strong-Buy
11/3/2025	SIG Sitka Gold	Upgrade	C$1.00		Moderate Buy
10/31/2025	TOY Spin Master	Lower Price Target	C$19.00	C$44.00 ➝ C$39.00
10/30/2025	CGAU Centerra Gold	Upgrade	$17.00		Hold ➝ Moderate Buy
10/30/2025	BYD Boyd Group Services	Upgrade	C$223.00		Hold ➝ Moderate Buy
10/30/2025	CG Centerra Gold	Upgrade	C$23.00		Hold ➝ Moderate Buy
10/29/2025	AG First Majestic Silver	Downgrade	$21.00		Moderate Buy ➝ Hold
10/29/2025	CDE Coeur Mining	Downgrade	$20.00		Moderate Buy ➝ Hold
10/29/2025	KGC Kinross Gold	Downgrade	$32.00		Moderate Buy ➝ Hold
10/29/2025	AG First Majestic Silver	Downgrade	C$28.00		Moderate Buy ➝ Hold
10/29/2025	K Kinross Gold	Downgrade	C$43.00		Moderate Buy ➝ Hold
10/23/2025	PME Patriot Batry	Upgrade	C$5.00		Moderate Buy
10/8/2025	TMQ Trilogy Metals	Downgrade	C$7.00		Moderate Buy ➝ Hold
10/8/2025	TMQ Trilogy Metals	Downgrade	$5.00		Moderate Buy ➝ Hold
10/6/2025	AG First Majestic Silver	Boost Price Target	C$28.00	C$17.50 ➝ C$22.00
10/2/2025	LAC Lithium Americas	Downgrade	$5.00		Moderate Buy ➝ Hold
10/2/2025	LAC Lithium Americas	Downgrade	C$7.00		Moderate Buy ➝ Hold
9/30/2025	FOM Foran Mining	Boost Price Target	C$3.00	C$3.75 ➝ C$4.25
9/29/2025	ERE.UN European Residential Real Estate Investment Trust	Lower Price Target	C$1.00	C$2.90 ➝ C$1.60
9/25/2025	SVM Silvercorp Metals	Upgrade	$10.00		Moderate Buy
9/25/2025	SVM Silvercorp Metals	Upgrade	C$14.00		Moderate Buy
9/25/2025	VNP 5N Plus	Upgrade	C$24.00		Moderate Buy ➝ Strong-Buy
9/25/2025	LTH Lithium Ionic	Upgrade	C$1.00		Moderate Buy
9/18/2025	ABX Barrick Gold	Boost Price Target	C$62.00	C$35.00 ➝ C$45.00
9/18/2025	DND Dye & Durham	Lower Price Target	C$4.00	C$17.00 ➝ C$15.00
9/16/2025	AYA Aya Gold & Silver	Boost Price Target	C$22.00	C$12.50 ➝ C$17.50
9/16/2025	DSV Discovery Silver	Boost Price Target	C$1.00	C$5.00 ➝ C$6.00
9/16/2025	IMG IAMGOLD	Boost Price Target	C$25.00	C$16.50 ➝ C$20.00
9/12/2025	D.UN Dream Office Real Estate Investment Trst	Boost Price Target	C$19.00	C$20.00 ➝ C$23.50
9/12/2025	HAI Haivision Systems	Boost Price Target	C$8.00	C$5.85 ➝ C$6.25
9/10/2025	NEO Neo Performance Materials	Upgrade	C$19.00		Moderate Buy
9/8/2025	TCL.A Transcontinental	Lower Price Target	C$23.00	C$27.00 ➝ C$26.00
9/8/2025	BRO Barksdale Resources	Downgrade	C$0.00		Moderate Buy ➝ Hold
9/8/2025	RDS Radisson Mining Resources	Upgrade	C$1.00		Moderate Buy
9/5/2025	AG First Majestic Silver	Boost Price Target	C$28.00	C$14.00 ➝ C$17.50
8/28/2025	USA Americas Silver	Boost Price Target	C$10.00	C$2.00 ➝ C$5.00
8/21/2025	SGML Sigma Lithium	Upgrade	$11.00		Moderate Buy
8/21/2025	SGM Sutter Gold Mining	Upgrade	C$0.00		Moderate Buy
8/20/2025	LAC Lithium Americas	Upgrade	$5.00		Moderate Buy
8/20/2025	LAR Lithium Americas (Argentina)	Upgrade	$7.00		Moderate Buy
8/20/2025	LAC Lithium Americas	Upgrade	C$7.00		Moderate Buy
8/20/2025	LAR Lithium Americas (Argentina)	Upgrade	C$9.00		Moderate Buy
8/15/2025	EQX Equinox Gold	Upgrade	$14.00		Hold ➝ Moderate Buy
8/15/2025	BRE Bridgemarq Real Estate Services	Downgrade	C$14.00		Moderate Buy ➝ Hold
8/15/2025	EQX Equinox Gold	Upgrade	C$19.00		Hold ➝ Moderate Buy
8/15/2025	PVT Pivotree	Upgrade	C$2.00		Hold ➝ Moderate Buy
8/12/2025	MAG MAG Silver	Boost Price Target	C$34.00	C$25.10 ➝ C$31.70
8/11/2025	TSU Trisura Group	Boost Price Target	C$42.00	C$54.00 ➝ C$57.00
8/11/2025	VRNOF Verano	Upgrade	$1.00		Hold ➝ Moderate Buy
8/8/2025	AAUC Allied Gold	Upgrade	$32.00		Moderate Buy
8/8/2025	CURLF Curaleaf	Upgrade	$2.00		Hold ➝ Moderate Buy
8/6/2025	FRFHF Fairfax Financial	Downgrade	$1,649.00		Moderate Buy ➝ Hold
8/6/2025	FFH Fairfax Financial	Downgrade	C$2,247.00		Moderate Buy ➝ Hold
8/1/2025	LSPD Lightspeed Commerce	Boost Price Target	C$15.00	C$20.00 ➝ C$25.00
8/1/2025	PIF Polaris Renewable Energy	Downgrade	C$12.00		Strong-Buy ➝ Moderate Buy
7/31/2025	EIF Exchange Income	Boost Price Target	C$95.00	C$67.00 ➝ C$78.50	Buy
7/30/2025	IAG iA Financial	Downgrade	C$167.00		Moderate Buy ➝ Hold
7/29/2025	TFII TFI International	Downgrade	$108.00		Moderate Buy ➝ Hold
7/10/2025	PRL Propel	Upgrade	C$24.00		Moderate Buy
6/13/2025	ALYA Alithya Group	Boost Price Target	C$2.00	C$3.00 ➝ C$3.50
6/11/2025	DFY Definity Financial	Upgrade	C$67.00		Hold ➝ Moderate Buy
6/4/2025	KBL K-Bro Linen	Downgrade	C$34.00		Moderate Buy ➝ Hold
6/3/2025	DND Dye & Durham	Upgrade	C$4.00		Hold ➝ Moderate Buy
5/20/2025	VCM Vecima Networks	Upgrade	C$10.00		Hold ➝ Moderate Buy
5/15/2025	NPI Northland Power	Downgrade	C$19.00		Moderate Buy ➝ Hold
5/12/2025	DCBO Docebo	Lower Price Target	C$27.00	C$60.00 ➝ C$55.00
5/12/2025	DE Decisive Dividend	Upgrade	C$7.00		Hold ➝ Moderate Buy
5/12/2025	VRNOF Verano	Downgrade	$1.00		Moderate Buy ➝ Hold
5/7/2025	PET Pet Valu	Upgrade	C$27.00		Hold ➝ Moderate Buy
5/6/2025	HAI Haivision Systems	Upgrade	C$8.00		Moderate Buy
5/5/2025	RCG RF Capital Group	Downgrade	C$20.00		Moderate Buy ➝ Hold
5/5/2025	FFH Fairfax Financial	Boost Price Target	C$2,247.00	C$2,250.00 ➝ C$2,700.00