The Globe and Mail reports in its Friday, Feb. 27, edition that Ventum Capital Markets analyst Amr Ezzat continues to rank 5N Plus "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Ezzat gave his share target a $5 boost to $35. Analysts on average target the shares at $30.50. Mr. Ezzat says in a note: "The Q4 call reinforced that 2025 was not a one-off phenomenon, and that the next leg of the story is increasingly about duration. Management used the call to sharpen the framework around what matters from here. First, 2026 growth is being underwritten by contracted demand in renewable energy and space, with release timing driving the expected H2 weighting and the remainder of the portfolio framed deliberately and conservatively. Second, incremental strategic programs, particularly germanium recycling and refining and broader defence-adjacent opportunities, are real and expanding, but the financial contribution is staged and weighted to 2028 and beyond. Third, the Q4 step-down in specialty semiconductors margin was largely self-inflicted and consistent with what was telegraphed in Q3, tied primarily to accelerated preventive maintenance with only a modest mix impact."