The Globe and Mail reports in its Wednesday, March 26, edition that Cormark Securities analyst Nicolas Dion has reaffirmed his "buy" recommendation for Montage Gold. The Globe's David Leeder writes that Mr. Dion gave his share target a $1.50 boost to $4.50. Analysts on average target the shares at $3.96. Mr. Dion issued his share price upgrade in response to Monday's construction update on Montage Gold's Kone project in Cote d'Ivory. The miner broke ground in mid-December. Mr. Dion says in a note: "Montage appears to be off to a strong start, making the most of the dry season and tracking slightly ahead of schedule (though it is still early days). Once built, Kone will be among the largest and lowest cost gold mines in West Africa. We model a 17-year mine life producing over 300,000 oz/yr in the first eight years (Montage Gold targeting over 300,000 oz/yr for 10-plus years through exploration) at $1,250/oz AISC [all-in sustaining cost] mine-level." The Globe reported on Sept. 27 that Ventum Capital rated Montage Gold "buy" in new coverage. It was then worth $1.93. The Globe reported on March 20 that Stifel analyst Cole McGill had reaffirmed his "buy" ranking for Montage Gold when it could be had for $2.97.