The Globe and Mail reports in its Tuesday edition that Canaccord Genuity analyst Kevin Mackenzie says Auryn Resources is "primed for discovery." The Globe's David Leeder writes in the Eye On Equities column that Mr. Mackenzie rates Auryn "speculative buy" in new coverage. He set a $5 target for Auryn shares. Analysts on average target the shares at $4.84. Mr. Mackenzie says in a note: "Unlike the vast majority of junior exploration companies, which are currently focused on adding peripheral deposit ounces, converting resources ounces or marketing level exploration, Auryn is focused on making novel exploration discoveries, with the goal of creating real shareholder value in today's market. What differentiates Auryn from the rest of the juniors? Its proven management team, industry-leading technical team and catalyst-rich project portfolio. Why is Auryn focused on early stage exploration? Because the structural deficit of discoveries within the industry should place a premium on future discoveries, and with execution, this stage of the project curve yields the greatest return." Echelon Wealth analyst Ryan Walker rated Auryn "speculative buy" in The Globe on Oct. 19, 2016. Its shares were then worth about $2.80.