The Globe and Mail reports in its Thursday edition that Stifel analyst Cole McGill has reaffirmed his "buy" ranking and $4.60 share target for Montage Gold. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $3.66. Mr. McGill says in a note: "As we see it, Montage's Kone project is well on its way to becoming a more than 300koz/yr producer with very attractive economics. This is driven by its top-third 'strip adjusted grade' globally paired with a West African cost structure. We expect the stock to rerate through to the start of production as management rapidly pushes the project forward. The project sits on a massive land package hosting multiple mineralized faults in a greenstone setting, with a full pipeline of excellent high-grade exploration targets that can be quickly advanced and will provide NAV growth as they are pulled into the mine plan. The management team led by Martino De Ciccio has extensive experience in discovery, advancing and building mining assets in Africa and strong capital market expertise." The Globe reported on Sept. 27 that Ventum Capital Markets analyst Alex Terentiew rated Montage Gold "buy" in new coverage. It was then worth $1.93.