The Globe and Mail reports in its Thursday, Aug. 3, edition that National Bank Financial analyst Rupert Merer has reaffirmed his "outperform" recommendation for 5N Plus. The Globe's David Leeder writes that Mr. Merer gave his share target a 50-cent boost to $4.75. Analysts on average target the shares at $4.50. Mr. Mere says in a note: "We updated our model for Q2 results and for an improved outlook for the remainder of this year. 5N plus maintains guidance for $35-million to $40-million in adjusted EBITDA this year, though we believe it could beat this if the semiconductor business remains strong with growth in its space solar and terrestrial solar operations. With the strength of Q2 and an increase to our forecasts, we are increasing our target to reflect our confidence in 5N Plus's execution. This multiple remains at a discount to our peer group of speciality materials companies, which generally have lower growth and lower margins than 5N Plus." The Globe reported on Jan. 17 that Mr. Merer rated 5N Plus "outperform." It was then worth $2.90. The Globe reported on Feb. 24 that Desjardins Securities analyst Frederic Tremblay had reiterated his "buy" call for 5N Plus. The shares could then be had for $2.57.