The Globe and Mail reports in its Friday, Aug. 29, edition that Ventum Financial analyst Phil Ker, in response to Prime Mining's definitive agreement to be acquired by Torex Gold Resources, moved his recommendation to "tender" from "buy" and cut his share target to $2.57 from $4.50. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $3.35. Mr. Ker says in a note: "We see Torex being a perfect fit for Prime and its flagship Los Reyes project, given the company's extensive in-country experience in Mexico. Furthermore, we view the immediate exposure to Torex's strong production profile and transition back into FCF as an attractive situation for Prime shareholders to benefit from over the next several years. With a bulk of shareholders already in lockup for the transaction, we are confident this business combination will be completed in the forthcoming shareholder vote in September, 2025." The Globe reported on March 20 that Stifel analyst Ralph Profiti continued to rate Prime Mining "buy," with an unchanged share target of $4.50. The shares could then be had for $1.63.