The Globe and Mail reports in its Wednesday, Dec. 10, edition that National Bank Financial analyst Mohamed Sidibe has reaffirmed his "outperform" recommendation for Equinox Gold. The Globe's David Leeder writes in the Eye On Equities column that Mr. Sidibe gave his share target a $5 boost to $28. Analysts on average target the shares at $20.19. Mr. Sidibe says in a note: "Equinox is set up for a rerating as it executes on guidance and ramps up Greenstone and Valentine, moving into a strong free cash flow phase post-Calibre merger. The merger improves jurisdiction mix and operational reset, while valuation remains compelling at a discount to peers. We expect a disciplined capital allocation with deleveraging and potential shareholder returns, and portfolio optimization that could concentrate NAV in Tier-1 jurisdictions with the development of Castle Mountain Phase 2 and Valentine Phase 2. Trading at 0.70 times P/NAV and 4.1 times EV/2026E EBITDA vs. peers at 0.85 times and 4.9 times, Equinox Gold offers compelling valuation upside. FCF next year is very attractive at 17 per cent vs. peers at 12 per cent." The Globe reported on Aug. 15 that Mr. Sidibe continued to rate Equinox Gold "outperform." It was then worth $11.02.