The Globe and Mail reports in its Friday, May 30, edition that Stifel analyst Cole McGill continues to rate Meridian Mining UK Societas "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. McGill targets the shares at $2. Analysts on average target the shares at $2.20. Mr. McGill says in a note: "We see outsized asymmetry in Meridian, trading at 0.2 times spot P/NAV for a low cost, buildable open pit volcanogenic massive sulphide (VMS), even before taking a view on belt scale geology. Meridian Mining UK Societas combines what we like best about the development stories: a nimble, low-cost mine build layered with exploration potential in an under explored belt -- a potentially company-building combination if history is a guide. We see the company's flagship gold-weighted Cabacal deposit providing an initial hub that could serve to connect future spokes across a substantial land package, now being actively targeted by the company for additional exploration. In addition to drilling, we see a catalyst-rich near-term that could see the stock's heavily discounted shares begin to rerate; with ample room to the upside given our current valuation estimate of just 0.2 times on a spot P/NAV."