The Globe and Mail reports in its Thursday, Nov. 2, edition that Desjardins Securities analyst Chris MacCulloch has reaffirmed his "buy" recommendation for Topaz Energy. The Globe's David Leeder writes in the Eye On Equities column that Mr. MacCulloch bumped his share target for Topaz Energy by 50 cents to $28.50. Analysts on average target the shares at $27.73. Mr. MacCulloch says in a note: "We are increasing our target on Topaz reflecting positive estimate revisions following the release of preliminary 2024 guidance and the acquisition of royalty acreage and infrastructure at West Nipisi. Even following back-to-back tuck-in acquisitions in recent quarters, we still believe the company is searching for accretive opportunities to expand the portfolio as industry M&A activity accelerates. We continue highlighting the stock as our top pick in the royalty space." The Globe reported on March 28 that equity analysts at BMO Nesbitt Burns rated Topaz "outperform." The shares could then be had for $18.74. The Globe reported on Aug. 3 that Mr. MacCulloch had reaffirmed his "buy" recommendation for Topaz Energy. The shares could then be had for $21.16.