The Globe and Mail reports in its Friday, July 10, edition that Ventum Capital Markets analyst Taylor Combaluzier commenced coverage on Trident Resources with a "buy" rating and a $7.30 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $7.48. Mr. Combaluzier says in a note: "Trident controls one of the largest land positions in Saskatchewan's La Ronge Gold Belt and has an established 2 million ounce gold resource base. With a fully funded 20,000 metre drill program underway, the company is positioned to advance resource growth and generate multiple exploration catalysts."