The Globe and Mail reports in its Thursday, Oct. 12, edition that BMO Capital Markets analyst Rene Cartier has reaffirmed his "outperform" recommendation for Foran Mining. The Globe's David Leeder writes in the Eye On Equities column that Mr. Cartier raised his share target for Foran Mining by 50 cents to $5.25. Analysts on average target the shares at $4.79. Mr. Cartier says in a note: "Overall, the tour highlighted the expansion and optionality on the ore bodies and mine, the state of advancement at site, the thinking of a larger mine and plant design that will be delivered sooner than expected, and the relative project simplicity, including lower technical and social risk. Foran has opportunities for positive news flow as it progresses permitting the mine, as new project studies are released, and as the project is developed. Moreover, in our view, continued exploration success at McIlvenna Bay, and throughout the district, will support an increase in resources to meaningfully enhance ore feed at a centralized facility, which is staged for expansion." The Globe reported on March 8 that Mr. Cartier was keeping his "outperform" recommendation for Foran Mining intact. It was then worth $3.88.