The Globe and Mail reports in its Friday, May 30, edition that National Bank analyst Mohamed Sidibe continues to rate Montage Gold "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Sidibe boosted his share target by $1.05 to $5.25. Analysts on average target the shares at $5.13. Mr. Sidibe says in a note: "We have notably updated our resource estimate to reflect the higher grade satellite deposits delineated and increased our EV/oz attributable for the unmodelled ounces from $75 (U.S.)/oz to $200 (U.S.)/oz to reflect a more appropriate exploration upside as Montage delivers positive results and advances toward production. Our model now reflects value for the equity interest taken in Aurum Resources, Sanu Gold and African Gold. Finally, we have rolled forward our NAV to the Q2/25 quarter and fine-tuned our capex estimate to reflect the spend to date of $84.6-million (U.S.) incurred at the project ($750-million (U.S.) left). Given the company's recent graduation from the TSXV to the TSX, which will boost future odds of index inclusion, strong institutional and financial backing and construction remaining on track, we have increased our NAV target multiple to 0.7 times from 0.6 times."