The Globe and Mail reports in its Wednesday, Sept. 10, edition that National Bank Financial analyst Mohamed Sidibe is keeping his "outperform" call on New Gold intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Sidibe gave his share target a $1.50 boost to $9.50. Analysts on average target the shares at $7.94. Mr. Sidibe raised his valuation for New Gold to reflect increasingly bullish gold price conditions and upside from K-Zone at its New Afton mine, which the company said has more than doubled in size. Mr. Sidibe says in a note: "We have updated our model to reflect the positive exploration update provided by New Gold [Monday] morning, as well as the $5-million increase in exploration budget in 2025. The extension of mine life at New Afton is a key catalyst for New Gold that will derisk the growth profile and further strengthen its position as a Canadian focused gold producer with an attractive FCF profile. In our view, the early maiden resource at the K-Zone in 2026 could highlight an attractive resource profile with approximately 650koz at 0.70g/t Au and 482 mln lbs Cu at 0.75-per-cent Cu based on our early stage assessment based on provided drill results."