The Globe and Mail reports in its Friday, Jan. 16, edition that National Bank Financial analyst Mohamed Sidibe is keeping his "outperform" call on Equinox Gold intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Sidibe hiked his share target to $25 from $24. Analysts on average target the shares at $22.11. Mr. Sidibe says in a note: "Overall, our model now shows lower contribution from Brazil in Q1/26 than we previously expected, trimmed production at Greenstone and in Nicaragua, while Valentine is largely unchanged with total production decreasing from 836 koz to 792 koz (770 koz excluding Brazil). Our AISC [all-in sustaining cost] of $1,935/oz and capex of $668-million increase 9 per cent and 21 per cent to reflect the guidance provided. As a result of our changes, our 2026 EBITDA decreases 12 per cent to $2.05-billion (down $271-million) and our 2026 FCF decreases 24 per cent to $1.13-billion (down $352-million)." The Globe reported on Aug. 15, Dec. 10 and Jan. 8 that Mr. Sidibe continued to rate Equinox Gold "outperform." It was then worth $11, $19.84 and $20.07.