The Globe and Mail reports in its Friday, March 1, edition that Eight Capital analyst Puneet Singh rates Vancouver-based GoviEx Uranium "buy" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Singh set a share target of 70 cents. Analysts on average target the shares at 73 cents. Mr. Singh says in a note: "We believe the market thinks of GoviEx Uranium as just a Niger story, and the Zambian Muntanga angle is essentially forgotten. For context in our project NAV, including our in-situ valuation for unmodelled resources, Madaouela represents 31 per cent and Muntanga represents 69 per cent of our valuation. As a feasibility study is tabled for Muntanga in H2/24, we would expect this narrative to change. Our target price implies a $3 per pound valuation for GoviEx Uranium, which is still lower than where a prefinanced GLO trades. Near-production Paladin Energy in Namibia trades at $6/lb, which is the upper bound for African developer peers. Australian/Canadian developers trade at $9.50/lb on average. At 64 cents/lb, GoviEx Uranium is the cheapest trading developer amongst our list of comparables."