The Globe and Mail reports in its Friday, March 29, edition that BMO Capital analyst Brian Quast, in response to Alamos Gold's acquisition of Argonaut Gold, raised his share target for Alamos to $26 from $23, with an unchanged "outperform" ranking. The Globe's David Leeder writes that analysts on average target Alamos shares at $22.35. Mr. Quast also lowered Argonaut Gold to "market perform" from an "outperform" and his share target to 40 cents from 75 cents, expecting the transaction to proceed. Mr. Quast says in a note, "Adding Argonaut Gold's Magino Gold project, located in Ontario, and immediately adjacent to the Island Gold Mine, provides significant integration of resources, furthers the company's exposure to a top jurisdiction (with 88 per cent of assets with Canada) and adds a long life asset to its portfolio." The Globe reported on Jan. 12 that RBC Dominion Securities analyst Michael Siperco had boosted his recommendation for Alamos Gold to "outperform" from "sector perform." Alamos shares were then worth $17.23. The Globe's David Berman recommended buying Argonaut Gold on March 11. Argonaut shares could then be had for 28 cents.