The Globe and Mail reports in its Friday, Jan. 9, edition that Canaccord Genuity analyst Yuri Lynk commenced coverage on 5N Plus with a "buy" recommendation and a $26 share target. The Globe's David Leeder writes that analysts on average target the shares at $23.50. Mr. Lynk says in a note: "5N Plus is a key global supplier of ultra-high purity advanced materials and specialty semiconductors. The company enjoys a wide competitive moat in its ability to source and process minor metals outside China, helping its customers meet domestic content requirements. 5N Plus's compounds and wafers are critical to the functioning of its customers' products yet comprise an insignificant portion of the overall production cost. Growth alongside key customers has adjusted EPS set to nearly triple in 2025 with 11-per-cent growth on tap for 2026. ... The stock trades at 13.1 times EV/EBITDA (2026E), a discount to the advanced materials group at 14.9 times despite our view of 5N Plus's superior growth prospects in terrestrial and space solar power. Additionally, management are proven acquirers and looking to put 5N Plus's underleveraged balance sheet to work via acquisition. Any associated accretion would be additive to our forecasts."