Cormark Stock Recommendations and Price Targets

This is a list of recent ratings by Cormark.

Date	Company Name	Action	Current Price	Price Target	Rating
11/11/2025	ABX Barrick Gold	Upgrade	C$51.00		Hold ➝ Buy
11/11/2025	VLE Valeura Energy	Upgrade	C$7.00		Moderate Buy
11/11/2025	B Barrick Mining	Upgrade	$36.00		Hold ➝ Moderate Buy
11/7/2025	DRT DIRTT Environmental Solutions	Upgrade	C$1.00		Moderate Buy
11/7/2025	BTO B2Gold	Downgrade	C$6.00		Moderate Buy ➝ Hold
11/7/2025	BTG B2Gold	Downgrade	$4.00		Moderate Buy ➝ Hold
11/6/2025	AG First Majestic Silver	Upgrade	$12.00		Hold ➝ Moderate Buy
11/6/2025	AG First Majestic Silver	Upgrade	C$17.00		Hold ➝ Moderate Buy
11/3/2025	TLG Troilus Gold	Upgrade	C$1.00		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$20.00	C$44.00 ➝ C$39.00
10/30/2025	CGAU Centerra Gold	Upgrade	$12.00		Hold ➝ Moderate Buy
10/30/2025	BYD Boyd Group Services	Upgrade	C$224.00		Hold ➝ Moderate Buy
10/30/2025	CG Centerra Gold	Upgrade	C$17.00		Hold ➝ Moderate Buy
10/29/2025	AG First Majestic Silver	Downgrade	$12.00		Moderate Buy ➝ Hold
10/29/2025	CDE Coeur Mining	Downgrade	$15.00		Moderate Buy ➝ Hold
10/29/2025	KGC Kinross Gold	Downgrade	$26.00		Moderate Buy ➝ Hold
10/29/2025	AG First Majestic Silver	Downgrade	C$17.00		Moderate Buy ➝ Hold
10/29/2025	K Kinross Gold	Downgrade	C$36.00		Moderate Buy ➝ Hold
10/23/2025	PME Patriot Batry	Upgrade	C$4.00		Moderate Buy
10/8/2025	TMQ Trilogy Metals	Downgrade	C$5.00		Moderate Buy ➝ Hold
10/8/2025	TMQ Trilogy Metals	Downgrade	$4.00		Moderate Buy ➝ Hold
10/6/2025	AG First Majestic Silver	Boost Price Target	C$17.00	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$6.00		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	$7.00		Moderate Buy
9/25/2025	SVM Silvercorp Metals	Upgrade	C$10.00		Moderate Buy
9/25/2025	VNP 5N Plus	Upgrade	C$20.00		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$51.00	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$15.00	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$19.00	C$16.50 ➝ C$20.00
9/12/2025	D.UN Dream Office Real Estate Investment Trst	Boost Price Target	C$17.00	C$20.00 ➝ C$23.50
9/12/2025	HAI Haivision Systems	Boost Price Target	C$5.00	C$5.85 ➝ C$6.25
9/10/2025	NEO Neo Performance Materials	Upgrade	C$16.00		Moderate Buy
9/8/2025	TCL.A Transcontinental	Lower Price Target	C$20.00	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$17.00	C$14.00 ➝ C$17.50
8/28/2025	USA Americas Silver	Boost Price Target	C$6.00	C$2.00 ➝ C$5.00
8/21/2025	SGML Sigma Lithium	Upgrade	$6.00		Moderate Buy
8/21/2025	SGM Sutter Gold Mining	Upgrade	C$0.00		Moderate Buy
8/20/2025	LAR Lithium Americas (Argentina)	Upgrade	$4.00		Moderate Buy
8/20/2025	LAC Lithium Americas	Upgrade	C$6.00		Moderate Buy
8/20/2025	LAR Lithium Americas (Argentina)	Upgrade	C$6.00		Moderate Buy
8/20/2025	LAC Lithium Americas	Upgrade	$5.00		Moderate Buy
8/15/2025	EQX Equinox Gold	Upgrade	$13.00		Hold ➝ Moderate Buy
8/15/2025	BRE Bridgemarq Real Estate Services	Downgrade	C$13.00		Moderate Buy ➝ Hold
8/15/2025	EQX Equinox Gold	Upgrade	C$18.00		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$39.00	C$54.00 ➝ C$57.00
8/11/2025	VRNOF Verano	Upgrade	$1.00		Hold ➝ Moderate Buy
8/8/2025	AAUC Allied Gold	Upgrade	$17.00		Moderate Buy
8/8/2025	CURLF Curaleaf	Upgrade	$3.00		Hold ➝ Moderate Buy
8/6/2025	FRFHF Fairfax Financial	Downgrade	$1,599.00		Moderate Buy ➝ Hold
8/6/2025	FFH Fairfax Financial	Downgrade	C$2,249.00		Moderate Buy ➝ Hold
8/1/2025	LSPD Lightspeed Commerce	Boost Price Target	C$17.00	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$77.00	C$67.00 ➝ C$78.50	Buy
7/30/2025	IAG iA Financial	Downgrade	C$166.00		Moderate Buy ➝ Hold
7/29/2025	TFII TFI International	Downgrade	$85.00		Moderate Buy ➝ Hold
7/10/2025	PRL Propel	Upgrade	C$22.00		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$69.00		Hold ➝ Moderate Buy
6/4/2025	KBL K-Bro Linen	Downgrade	C$37.00		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$18.00		Moderate Buy ➝ Hold
5/12/2025	DCBO Docebo	Lower Price Target	C$32.00	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$29.00		Hold ➝ Moderate Buy
5/6/2025	HAI Haivision Systems	Upgrade	C$5.00		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$2,249.00	C$2,250.00 ➝ C$2,700.00
5/5/2025	TSU Trisura Group	Boost Price Target	C$39.00	C$47.00 ➝ C$54.00
5/2/2025	XTC Exco Technologies	Upgrade	C$6.00		Hold ➝ Moderate Buy
4/24/2025	GSY goeasy	Lower Price Target	C$123.00	C$240.00 ➝ C$210.00
4/24/2025	MTL Mullen Group	Lower Price Target	C$14.00	C$18.50 ➝ C$17.00
4/22/2025	BTG B2Gold	Upgrade	$4.00		Hold ➝ Moderate Buy
4/22/2025	SSRM Silver Standard Resources	Upgrade	$21.00		Hold ➝ Moderate Buy
4/22/2025	BTO B2Gold	Upgrade	C$6.00		Hold ➝ Moderate Buy
4/22/2025	LUG Lundin Gold	Downgrade	C$112.00		Moderate Buy ➝ Hold
4/21/2025	VNP 5N Plus	Upgrade	C$20.00		Moderate Buy
4/14/2025	LUG Lundin Gold	Upgrade	C$112.00	C$42.00 ➝ C$54.00	Market Perform ➝ Buy
4/14/2025	TXG Torex Gold Resources	Boost Price Target	C$64.00	C$46.00 ➝ C$55.00
4/3/2025	CF Canaccord Genuity Group	Upgrade	C$12.00		Hold ➝ Moderate Buy
4/1/2025	WPRT Westport Fuel Systems	Lower Price Target	$2.00	$11.50 ➝ $10.80
3/31/2025	BTG B2Gold	Downgrade	$4.00		Moderate Buy ➝ Hold
3/31/2025	BTO B2Gold	Downgrade	C$6.00		Moderate Buy ➝ Hold
3/27/2025	LSPD Lightspeed Commerce	Lower Price Target	C$17.00	C$24.00 ➝ C$21.00	Buy
3/27/2025	PBL Pollard Banknote	Lower Price Target	C$19.00	C$42.00 ➝ C$37.00
3/25/2025	MAU Montage Gold	Boost Price Target	C$4.00	C$3.00 ➝ C$4.50	Buy
3/20/2025	BYD Boyd Group Services	Lower Price Target	C$224.00	C$240.00 ➝ C$200.00
3/20/2025	OLA Orla Mining	Boost Price Target	C$17.00	C$10.00 ➝ C$12.00