The Globe and Mail reports in its Thursday, March 20, edition that Mike Parkin, an analyst at National Bank Financial, believes that the primary focus of the fourth quarter earnings season in the precious metals industry is cost control, further noting that many companies are facing rising input costs. The Globe's David Leeder writes in the Eye On Equities column that Mr. Parkin says in a note: "Overall, guidance came in relatively light to in line with most of our estimates, with the majority of the misses due to higher unit costs and/or capex intensity vs. our prior estimates. We believe, that meeting and/or exceeding guidance in 2025 should prove to be a key focus of the market across our coverage, as a majority of the share price outperformance in 2024 was associated with companies that delivered well to guidance." Accordingly, Mr. Parkin boosted his share target for Equinox Gold to $14 from $13, while maintaining an "outperform" recommendation. Analysts on average target the shares at $10.14. The Globe reported on April 30 that Mr. Parkin had upgraded Equinox Gold to "outperform" from "sector perform." It was then worth $7.75.