The Globe and Mail reports in its Friday, May 31, edition that BMO Capital analyst Greg Jones has reiterated his "outperform" recommendation for Patriot Battery Metals. The Globe's David Leeder writes in the Eye On Equities column that Mr. Jones jacked his share target ahead by $1.50 to $14. Analysts on average target the shares at $16.56. Mr. Jones says in a note: "We resume coverage of [Patriot Battery Metals] following a period of restriction after its recent $75-million flow-through financing. We view the financing as an opportunistic way to secure additional capital to advance Corvette exploration activities. Proceeds were raised at a 51-per-cent premium, and in advance of potential changes proposed in the Canadian federal budget that could reduce flow-through financing premiums after June 25, 2024. Pro forma (as at April 30, 2024), [Patriot Battery's] cash position is $120-million. We update our model for a revised exploration spend profile and increase our target price." The Globe reported on April 3 that Eight Capital rated Patriot "buy." It was then worth $8.21. The Globe reported on May 22 that Stifel had reaffirmed its "speculative buy" call for Patriot. It was then worth $8.52.