Analyst Ratings Published by CIBC

5/11/21	Downgrades	Neutral Sec Underperform	X
ACB Aurora Cannabis CIBC
7/26/19	Downgrades	Neutral Sec Underperform	X
APHA Aphria CIBC
1/18/19	Initiated	Neutral	X
APHA Aphria CIBC
1/22/19	Upgrades	Neutral Sec Outperform	X
AUY Yamana Gold CIBC
12/16/21	Initiated	Neutral	X
AY Atlantica Yield CIBC
12/16/22	Initiated	Sector Outperform	X
BAM Brookfield Asset Mgmt CIBC
$37
6/27/24	Upgrades	Neutral Sec Outperform	X
BB BlackBerry CIBC
5/18/23	Upgrades	Sec Underperform Neutral	X
BB BlackBerry CIBC
$4.20 $6.50
6/25/21	Downgrades	Neutral Sec Underperform	X
BB BlackBerry CIBC
4/23/24	Upgrades	Neutral Sec Outperform	X
BCE BCE Inc CIBC
1/11/22	Upgrades	Neutral Sec Outperform	X
BEP Brookfield Renewable Partners CIBC
$42 $40
6/22/21	Resumed	Sector Outperform	X
BIP Brookfield Infrastructure CIBC
$55 $60
3/16/18	Initiated	Sector Outperform	X
BIP Brookfield Infrastructure CIBC
$47
2/1/21	Initiated	Neutral	X
BLDP Ballard Power CIBC
$38
12/6/24	Upgrades	Neutral Sec Outperform	X
BMO Bank of Montreal CIBC
2/18/25	Downgrades	Sec Outperform Neutral	X
BNS Bank of Nova Scotia CIBC
4/11/22	Downgrades	Sec Outperform Neutral	X
BNS Bank of Nova Scotia CIBC
3/2/21	Upgrades	Neutral Sec Outperform	X
BNS Bank of Nova Scotia CIBC
$83 $86
2/27/19	Downgrades	Sec Outperform Neutral	X
BNS Bank of Nova Scotia CIBC
8/7/19	Initiated	Sector Outperform	X
BPY Brookfield Property Partners CIBC
11/8/21	Downgrades	Neutral Sec Underperform	X
CGC Canopy Growth CIBC
1/18/19	Initiated	Sector Outperform	X
CGC Canopy Growth CIBC
3/4/25	Initiated	Sector Outperform	X
CIGI Colliers CIBC
$160
1/31/25	Upgrades	Neutral Sec Outperform	X
CLS Celestica CIBC
$150
4/26/24	Downgrades	Sec Outperform Neutral	X
CLS Celestica CIBC
7/28/23	Upgrades	Neutral Sec Outperform	X
CLS Celestica CIBC
$14 $25
12/2/22	Downgrades	Sec Outperform Sec Perform	X
CM CIBC CIBC
1/10/24	Downgrades	Sec Outperform Neutral	X
CNI Canadian Nat’l Rail CIBC
6/3/22	Upgrades	Neutral Sec Outperform	X
CNI Canadian Nat’l Rail CIBC
5/1/18	Downgrades	Sec Outperform Sec Perform	X
CNI Canadian Natl Rail CIBC
10/5/18	Initiated	Sector Outperform	X
CNQ Canadian Natrl Res CIBC
5/10/19	Upgrades	Neutral Sec Outperform	X
CPG Crescent Point Energy CIBC
5/11/22	Upgrades	Neutral Sec Outperform	X
CRON Cronos Group CIBC
2/22/21	Downgrades	Sec Outperform Neutral	X
CRON Cronos Group CIBC
$8 $12.50
1/18/19	Initiated	Sector Outperform	X
CRON Cronos Group CIBC
1/15/21	Initiated	Sector Outperform	X
CVE Cenovus Energy CIBC
1/31/19	Downgrades	Sec Outperform Neutral	X
CVE Cenovus Energy CIBC
10/5/18	Initiated	Sector Outperform	X
CVE Cenovus Energy CIBC
6/10/22	Initiated	Neutral	X
CWEN Clearway Energy CIBC
$36
9/26/24	Initiated	Sector Outperform	X
DNN Denison Mines CIBC
4/16/24	Upgrades	Neutral Sec Outperform	X
DSGX Descartes CIBC
$96.50 $101
6/27/22	Downgrades	Sec Outperform Neutral	X
DSGX Descartes CIBC
$89 $71
4/11/19	Downgrades	Sec Outperform Neutral	X
DSGX Descartes CIBC
1/31/19	Upgrades	Sec Underperform Neutral	X
ECA Encana CIBC
11/1/18	Downgrades	Neutral Sec Underperform	X
ECA Encana CIBC
10/5/18	Initiated	Neutral	X
ECA Encana CIBC
2/1/19	Downgrades	Neutral Sec Underperform	X
EGO Eldorado Gold CIBC
4/5/18	Upgrades	Sec Underperform Neutral	X
EGO Eldorado Gold CIBC
1/12/23	Downgrades	Neutral Sec Underperform	X
EQX Equinox Gold CIBC
11/2/22	Downgrades	Sec Outperform Neutral	X
ERO Ero Copper CIBC
5/2/18	Upgrades	Neutral Sec Outperform	X
FCX Freeport-McMoRan CIBC
2/18/25	Downgrades	Neutral Sec Underperform	X
FSM Fortuna Silver Mines CIBC
3/5/19	Downgrades	Sec Outperform Neutral	X
FSM Fortuna Silver Mines CIBC
4/28/21	Downgrades	Sec Outperform Neutral	X
FSV FirstService CIBC
$161 $180
2/16/18	Upgrades	Neutral Sec Outperform	X
FTS Fortis CIBC
5/22/24	Upgrades	Neutral Sec Outperform	X
GATO Gatos Silver CIBC
1/26/22	Downgrades	Sec Outperform Neutral	X
GATO Gatos Silver CIBC
$17 $7
4/14/21	Initiated	Sector Outperform	X
GATO Gatos Silver CIBC
$14
12/17/18	Upgrades	Neutral Sec Outperform	X
GG Goldcorp CIBC
10/15/24	Upgrades	Neutral Sec Outperform	X
GIB CGI Group CIBC
6/21/24	Downgrades	Sec Outperform Neutral	X
GIB CGI Group CIBC
7/15/21	Upgrades	Neutral Sec Outperform	X
GIB CGI Group CIBC
4/26/19	Downgrades	Sec Outperform Neutral	X
GIB CGI Group CIBC
11/25/24	Downgrades	Sec Outperform Neutral	X
GOLD Barrick CIBC
11/8/21	Downgrades	Sec Outperform Neutral	X
GOOS Canada Goose CIBC
3/10/21	Upgrades	Sec Underperform Neutral	X
GTE Gran Tierra Energy CIBC
1/22/19	Downgrades	Sec Outperform Neutral	X
HBM Hudbay Minerals CIBC
12/15/21	Downgrades	Neutral Sec Underperform	X
HEXO HEXO CIBC
2/17/21	Upgrades	Neutral Sec Outperform	X
HEXO HEXO CIBC
6/17/19	Downgrades	Sec Outperform Neutral	X
HEXO HEXO CIBC
12/2/24	Upgrades	Neutral Sec Outperform	X
IAG IAMGOLD CIBC
12/20/22	Upgrades	Sec Underperform Neutral	X
IAG IAMGOLD CIBC
10/5/18	Initiated	Sector Underperform	X
IMO Imperial Oil CIBC
8/16/19	Downgrades	Neutral Sec Underperform	X
JE Just Energy CIBC
8/10/18	Downgrades	Sec Outperform Neutral	X
JE Just Energy CIBC
12/2/21	Upgrades	Neutral Sec Outperform	X
JKS JinkoSolar CIBC
$66.10
6/22/21	Downgrades	Sec Outperform Neutral	X
KGC Kinross Gold CIBC
$11.25 $8.50
6/3/22	Downgrades	Sec Outperform Neutral	X
LEV Lion Electric CIBC
$9
2/3/23	Downgrades	Sec Outperform Neutral	X
LSPD Lightspeed CIBC
4/14/21	Initiated	Neutral	X
MAG MAG Silver CIBC
3/1/19	Downgrades	Neutral Sec Underperform	X
MAXR Maxar Technologies Ltd CIBC
11/1/18	Downgrades	Sec Outperform Neutral	X
MAXR Maxar Technologies Ltd CIBC
1/12/24	Upgrades	Sec Underperform Neutral	X
MERC Mercer Intl CIBC
7/20/23	Downgrades	Neutral Sec Underperform	X
MERC Mercer Intl CIBC
$8
1/10/23	Downgrades	Sec Outperform Neutral	X
MERC Mercer Intl CIBC
$13
7/5/19	Downgrades	Sec Outperform Neutral	X
MERC Mercer Intl CIBC
12/16/21	Downgrades	Neutral Sec Underperform	X
MFC Manulife Financial CIBC
2/12/21	Downgrades	Sec Outperform Neutral	X
MFC Manulife Financial CIBC
4/15/19	Downgrades	Sec Outperform Neutral	X
MGA Magna CIBC
12/10/24	Resumed	Neutral	X
MOS Mosaic CIBC
$60 $55
8/7/19	Downgrades	Sec Outperform Neutral	X
MOS Mosaic CIBC
2/12/18	Upgrades	Sec Underperform Neutral	X
MOS Mosaic CIBC
10/28/24	Downgrades	Sec Outperform Neutral	X
NEM Newmont Corporation CIBC
7/10/24	Upgrades	Neutral Sec Outperform	X
NEM Newmont Corporation CIBC
$61
7/21/23	Downgrades	Sec Outperform Neutral	X
NEM Newmont Goldcorp CIBC
1/15/19	Downgrades	Sec Outperform Neutral	X
NEM Newmont Mining CIBC
5/8/23	Upgrades	Sec Perform Sec Outperform	X
NEP NextEra Energy Partners CIBC
6/10/22	Initiated	Neutral	X
NEP NextEra Energy Partners CIBC
$79
2/3/21	Downgrades	Sec Outperform Neutral	X
NGD New Gold CIBC
2/15/19	Downgrades	Neutral Sec Underperform	X
NGD New Gold CIBC
12/5/24	Upgrades	Neutral Sec Outperform	X
NOA North American Construction Group CIBC
1/25/22	Initiated	Neutral	X
NOA North American Construction Group CIBC
4/17/19	Initiated	Sector Outperform	X
NOA North American Construction Group CIBC
3/9/23	Upgrades	Neutral Sec Outperform	X
NVEI Nuvei Corporation CIBC
8/10/22	Downgrades	Sec Outperform Neutral	X
NVEI Nuvei Corporation CIBC
5/11/21	Upgrades	Sec Underperform Neutral	X
OGI OrganiGram CIBC
4/14/21	Downgrades	Neutral Sec Underperform	X
OGI OrganiGram CIBC
5/7/19	Upgrades	Sec Underperform Neutral	X
OSB Norbord CIBC
1/14/19	Downgrades	Neutral Sec Underperform	X
OSB Norbord CIBC
8/26/22	Downgrades	Sec Outperform Neutral	X
OTEX Open Text CIBC
6/18/21	Upgrades	Neutral Sec Outperform	X
PBA Pembina Pipeline CIBC
5/7/21	Downgrades	Sec Outperform Neutral	X
PBA Pembina Pipeline CIBC
1/17/23	Upgrades	Neutral Sec Outperform	X
PDS Precision Drilling CIBC
7/14/21	Downgrades	Sec Outperform Neutral	X
PDS Precision Drilling CIBC
1/19/21	Initiated	Sector Outperform	X
PDS Precision Drilling CIBC
2/24/23	Downgrades	Sec Outperform Neutral	X
PRMW Primo Water CIBC
6/18/24	Initiated	Sector Outperform	X
RBA RB Global CIBC
1/10/22	Upgrades	Neutral Sec Outperform	X
RFP Resolute Forest Products CIBC
$14 $19
10/21/21	Downgrades	Sec Outperform Neutral	X
RFP Resolute Forest Products CIBC
$15
9/19/18	Downgrades	Sec Outperform Neutral	X
RFP Resolute Forest Products CIBC
7/12/18	Upgrades	Neutral Sec Outperform	X
RFP Resolute Forest Products CIBC
8/2/19	Downgrades	Sec Outperform Neutral	X
RGLD Royal Gold CIBC
3/4/25	Upgrades	Neutral Sec Outperform	X
RSG Republic Services CIBC
5/16/23	Downgrades	Sec Outperform Neutral	X
RY Royal Bank of Canada CIBC
$4
4/11/22	Upgrades	Neutral Sec Outperform	X
RY Royal Bank of Canada CIBC
12/7/22	Upgrades	Neutral Sec Outperform	X
SHOP Shopify CIBC
6/20/19	Downgrades	Sec Outperform Neutral	X
SHOP Shopify CIBC
6/6/18	Upgrades	Sec Perform Sec Outperform	X
SJR Shaw Comms CIBC
2/10/23	Downgrades	Sec Outperform Neutral	X
SLF Sun Life CIBC
10/5/21	Upgrades	Neutral Sec Outperform	X
SLF Sun Life CIBC
3/14/19	Downgrades	Neutral Sec Underperform	X
SLF Sun Life CIBC
5/29/18	Downgrades	Sec Outperform Neutral	X
SLF Sun Life CIBC
11/10/21	Downgrades	Sec Outperform Neutral	X
SMTS Sierra Metals CIBC
2/14/24	Downgrades	Sec Outperform Neutral	X
SSRM SSR Mining CIBC
$18.50 $6
7/5/18	Downgrades	Sec Outperform Neutral	X
STN Stantec CIBC
4/27/18	Upgrades	Sec Perform Sec Outperform	X
STN Stantec CIBC
10/5/18	Initiated	Sector Outperform	X
SU Suncor Energy CIBC
7/25/23	Initiated	Sector Outperform	X
SVV Savers Value Village CIBC
$27
8/3/18	Upgrades	Sec Underperform Neutral	X
SWIR Sierra Wireless CIBC
2/18/25	Upgrades	Neutral Sec Outperform	X
TAC TransAlta CIBC
1/8/25	Downgrades	Sec Outperform Neutral	X
TAC TransAlta CIBC
11/22/23	Downgrades	Sec Outperform Neutral	X
TD Toronto-Dominion Bank CIBC
4/18/23	Upgrades	Neutral Sec Outperform	X
TD Toronto-Dominion Bank CIBC
4/11/22	Downgrades	Sec Outperform Neutral	X
TD Toronto-Dominion Bank CIBC
1/26/21	Upgrades	Neutral Sec Outperform	X
TFII TFI International CIBC
4/14/23	Upgrades	Neutral Sec Outperform	X
TFPM Triple Flag Precious Metals Corp. CIBC
8/6/24	Downgrades	Sec Outperform Neutral	X
TIXT TELUS International CIBC
3/1/21	Initiated	Sector Outperform	X
TIXT TELUS International CIBC
$37
6/11/21	Downgrades	Sec Outperform Neutral	X
TLRY Tilray CIBC
$25
8/3/23	Downgrades	Sec Outperform Neutral	X
TRI Thomson Reuters CIBC
$140
6/14/22	Upgrades	Neutral Sec Outperform	X
TRI Thomson Reuters CIBC
5/5/21	Downgrades	Sec Outperform Neutral	X
TRI Thomson Reuters CIBC
$95 $102
2/24/21	Upgrades	Neutral Sec Outperform	X
TRI Thomson Reuters CIBC
7/25/23	Downgrades	Sec Outperform Neutral	X
TRP TC Energy CIBC
2/2/23	Upgrades	Neutral Sec Outperform	X
TRP TC Energy CIBC
5/12/22	Upgrades	Neutral Sec Outperform	X
TRP TC Energy CIBC
5/11/18	Downgrades	Sec Outperform Neutral	X
TU Telus CIBC
1/15/25	Upgrades	Neutral Sec Outperform	X
WY Weyerhaeuser CIBC
$35