Veritas Investment Research Stock Recommendations and Price Targets

This is a list of recent ratings by Veritas Investment Research.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
4/12/2024	LUG Lundin Gold	Boost Price Target	C$19.00	C$20.90 ➝ C$28.00		N/A
4/12/2024	ABX Barrick Gold	Boost Price Target	C$23.00	C$20.70 ➝ C$25.00		N/A
4/12/2024	WPM Wheaton Precious Metals	Boost Price Target	C$74.00	C$67.00 ➝ C$84.00		N/A
4/12/2024	AEM Agnico Eagle Mines	Boost Price Target	C$90.00	C$88.40 ➝ C$118.00		N/A
4/12/2024	FNV Franco-Nevada	Boost Price Target	C$173.00	C$149.00 ➝ C$173.00		N/A
3/4/2024	CWB Canadian Western Bank	Reiterated Rating	C$27.00		Buy	N/A
3/1/2024	IIP.UN InterRent Real Estate Investment Trust	Reiterated Rating	C$12.00		Reduce	N/A
3/1/2024	EQB EQB	Reiterated Rating	C$87.00		Reduce	N/A
3/1/2024	WSP WSP Global	Reiterated Rating	C$214.00		Buy	N/A
2/29/2024	EFN Element Fleet Management	Reiterated Rating	C$23.00		Reduce	N/A
2/29/2024	NA National Bank of Canada	Reiterated Rating	C$114.00		Reduce	N/A
2/16/2024	MFC Manulife Financial	Reiterated Rating	C$33.00		Reduce	N/A
1/26/2024	T TELUS	Downgrade	C$23.00	C$27.00	Buy ➝ Reduce	N/A
1/24/2024	CNR Canadian National Railway	Downgrade	C$172.00	C$168.00	Buy ➝ Reduce	N/A
12/13/2023	CCA Cogeco Communications	Reiterated Rating	C$57.00		Buy	N/A
12/8/2023	LUN Lundin Mining	Reiterated Rating	C$16.00		Reduce ➝ Sell	N/A
11/2/2023	FCR.UN First Capital Real Estate Investment Trust	Reiterated Rating	C$15.00		Buy	N/A
10/31/2023	AC Air Canada	Reiterated Rating	C$19.00		Buy	N/A
10/25/2023	SHOP Shopify	Set Price Target	$77.00	$52.00	Buy	Low
10/4/2023	GOLD Barrick Gold	Downgrade	$17.00		Buy ➝ Reduce	Low
8/25/2023	RY Royal Bank of Canada	Downgrade	C$139.00	C$140.00 ➝ C$122.00	Buy ➝ Reduce	N/A
8/23/2023	DNTL dentalcorp	Reiterated Rating	C$6.00		Sell	N/A
8/10/2023	FNV Franco-Nevada	Lower Price Target	C$173.00	C$201.70 ➝ C$197.10		N/A
7/12/2023	LB Laurentian Bank of Canada	Reiterated Rating	C$26.00		Buy	N/A
7/6/2023	ARX ARC Resources	Reiterated Rating	C$25.00		Buy	N/A
7/6/2023	TOU Tourmaline Oil	Reiterated Rating	C$67.00		Buy	N/A
6/29/2023	NTR Nutrien	Downgrade	C$76.00		Buy ➝ Reduce	N/A
6/22/2023	SAP Saputo	Set Price Target	C$27.00	C$31.00	Reduce	N/A
6/8/2023	CNR Canadian National Railway	Reiterated Rating	C$172.00		Buy	N/A
6/2/2023	ABX Barrick Gold	Upgrade	C$23.00		Reduce ➝ Buy	N/A
5/16/2023	AC Air Canada	Reiterated Rating	C$19.00		Reduce	N/A
5/4/2023	FCR.UN First Capital Real Estate Investment Trust	Reiterated Rating	C$15.00		Reduce	N/A
5/1/2023	IMO Imperial Oil	Reiterated Rating	C$95.00		Buy	N/A
4/4/2023	GSY goeasy	Reiterated Rating	C$185.00		Buy	N/A
4/3/2023	QBR.B Quebecor	Upgrade	C$29.00		Reduce ➝ Buy	N/A
3/9/2023	CU Canadian Utilities	Upgrade	C$31.00		Sell ➝ Buy	N/A
3/9/2023	ACO.X ATCO	Upgrade	C$39.00		Reduce ➝ Buy	N/A
3/9/2023	LNR Linamar	Downgrade	C$65.00		Buy ➝ Reduce	N/A
3/7/2023	IMO Imperial Oil	Reiterated Rating	C$95.00		Sell ➝ Reduce	N/A
2/27/2023	BNS Bank of Nova Scotia	Reiterated Rating	C$65.00		Reduce	N/A
2/27/2023	NA National Bank of Canada	Reiterated Rating	C$114.00		Buy	N/A
2/27/2023	RY Royal Bank of Canada	Reiterated Rating	C$139.00		Buy	N/A
2/17/2023	CVE Cenovus Energy	Reiterated Rating	C$28.00		Buy	N/A
2/6/2023	TRP TC Energy	Upgrade	C$51.00		Reduce ➝ Buy	N/A
2/1/2023	IMO Imperial Oil	Reiterated Rating	C$95.00		Sell	N/A
1/16/2023	CCA Cogeco Communications	Reiterated Rating	C$57.00		Sell	N/A
12/21/2022	AEM Agnico Eagle Mines	Set Price Target	C$90.00	C$82.10	Buy	N/A
12/19/2022	WSP WSP Global	Downgrade	C$214.00	C$147.00	Sell	N/A
8/31/2022	BMO Bank of Montreal	Downgrade	C$126.00	C$134.00	Buy ➝ Reduce	N/A
8/25/2022	LEV Lion Electric	Initiated Coverage	$1.00		Sell	Low
5/9/2022	FTS Fortis	Upgrade	C$55.00		Reduce ➝ Buy	N/A
5/6/2022	GWO Great-West Lifeco	Reiterated Rating	C$43.00		Sell	N/A
5/5/2022	WCN Waste Connections	Downgrade	C$227.00		Buy ➝ Reduce	N/A
5/5/2022	SHOP Shopify	Downgrade	$77.00		Buy ➝ Sell	High
5/5/2022	SHOP Shopify	Reiterated Rating	C$106.00		Sell	N/A
4/20/2022	SLF Sun Life Financial	Reiterated Rating	C$73.00		Reduce	N/A
2/14/2022	GOOS Canada Goose	Upgrade	$11.00		Reduce ➝ Buy	Low
2/14/2022	FTS Fortis	Downgrade	C$55.00	C$57.50	Sell	N/A
2/10/2022	LB Laurentian Bank of Canada	Reiterated Rating	C$26.00		Sell	N/A
1/26/2022	CNR Canadian National Railway	Reiterated Rating	C$172.00		Reduce	N/A
12/21/2021	BMO Bank of Montreal	Reiterated Rating	C$126.00		Buy	N/A
12/13/2021	LB Laurentian Bank of Canada	Upgrade	C$26.00		Reduce ➝ Buy	N/A
12/6/2021	CWB Canadian Western Bank	Upgrade	C$27.00		Reduce ➝ Buy	N/A
12/3/2021	FTS Fortis	Lower Price Target	C$55.00	C$58.00	NA	N/A
12/3/2021	TD Toronto-Dominion Bank	Downgrade	$55.00		Sell	N/A
12/3/2021	NTIOF National Bank of Canada	Reiterated Rating	$83.00		Sell	Low
12/3/2021	TD Toronto-Dominion Bank	Downgrade	C$76.00		Buy ➝ Reduce	N/A
12/2/2021	RY Royal Bank of Canada	Reiterated Rating	C$139.00		Reduce ➝ Buy	N/A
11/12/2021	BNS Bank of Nova Scotia	Reiterated Rating	$47.00		Buy	Low
11/12/2021	BNS Bank of Nova Scotia	Upgrade	C$65.00		Reduce ➝ Buy	N/A
11/8/2021	TRP TC Energy	Downgrade	C$51.00		Buy ➝ Reduce	N/A
11/5/2021	SLF Sun Life Financial	Downgrade	C$73.00		Buy ➝ Reduce	N/A
10/14/2021	MTYFF MTY Food Group	Downgrade	$35.00		Sell	Low
10/13/2021	GWO Great-West Lifeco	Reiterated Rating	C$43.00		Reduce	N/A
10/13/2021	MTY MTY Food Group	Downgrade	C$49.00		Buy ➝ Reduce	N/A
9/29/2021	CAR.UN Canadian Apartment Properties REIT	Upgrade	C$45.00		Sell ➝ Buy	N/A