The Globe and Mail reports in its Friday, May 2, edition that Ventum Capital Markets analyst Connor MacKay has reiterated his "buy" ranking for Montage Gold. The Globe's David Leeder writes in the Eye On Equities column that Mr. MacKay gave his share target a 35-cent boost to $5.25. Mr. MacKay says in a note: "Our new, fully financed NAV estimate benefits from the early exploration success Montage has demonstrated in its aim to quickly define new high-grade satellite deposits. We see these additions filling out and extending the elevated production profile over the first several years of Kone's mine life. The company is in a unique position to simultaneously deliver a construction-fuelled rerate as Kone is built while demonstrating continuous improvement in the project through aggressive exploration programs. Ultimately, we see Kone becoming a cash cow for Montage which, as the company's recent corporate moves may hint at, could allow it to become a consolidator in one of West Africa's safest, yet relatively untapped—mining jurisdictions." 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.