The Globe and Mail reports in its Thursday, July 17, edition that TD Cowan analyst Wayne Lam has elevated his recommendation for Equinox Gold to "buy" from "hold." The Globe's Darcy Keith writes that Mr. Lam boosted his share target by a loonie to $12. Analysts on average target the shares at $11.07. The Globe says Mr. Lam linked his rating upgrade to higher metal price assumptions. Mr. Lam says in a note: "We view the risk/reward profile as attractive, given the underperformance since the Calibre Mining deal announcement in late February, with recent guidance reset representing a risk-clearing event. We anticipate focus on operational execution ahead with upside catalysts on potential portfolio optimization." Equinox Gold announced an agreement to acquire Calibre Mining in a $2.6-billion all-stock deal that would make the combined company Canada's second-largest gold producer. The Globe reported on March 20 that National Bank Financial analyst Mike Parkin continued to rate Equinox Gold "outperform." The shares could then be had for $10. The Globe reported on June 19 that Scotia Capital analyst Ovais Habib had reaffirmed his "sector perform" recommendation for Equinox Gold. It was then worth $8.47.