The Globe and Mail reports in its Friday, Feb. 20, edition that Beacon Securities analyst Bereket Berhe is keeping his "buy" recommendation for Montage Gold intact. The Globe's David Leeder writes in the Eye On Equities column that Berhe's share target soared $6 to $18. Analysts on average target the shares at $14.80. Mr. Berhe says in a note: "We had a chance to catch up with Montage Gold at the Indaba Mining Conference. Additionally, Montage Gold previously provided an update on its Kone project in Cote d'Ivoire, announcing that it is expecting first gold pour from the oxide circuit to be brought forward. Montage Gold highlighted that given the advancements in site construction, the company now expects this first gold pour to take place in late Q4/26. The hard-rock comminution circuit remains on schedule for completion in Q2/27. Given the potential for earlier cash flow than we were modeling, we have updated our model and have raised our target price." The Globe reported on Sept. 5 and Jan. 20 that Scotia Capital analyst Ovais Habib rated Montage Gold "sector outperform." The shares could then be had for $5.74 and $11.52.
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