The Globe and Mail reports in its Tuesday, Dec. 5, edition that RBC Capital analyst James McGarragle rates Nanoxplore "outperform" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. McGarragle set a share target of $3.25. Analysts on average target the shares at $4.81. Mr. McGarrage calls Nanoxplore's "leverage to robust trends in graphene and batteries compelling." Mr. McGarragle says in a note: "We see Nanoxplore as an early stage company with leverage to very positive long-term demand trends in graphene, trends we expect it to be able to capitalize on, reflecting its global leadership position. We see Nanoxplore as benefiting from several key drivers, and it is our view these trends are not reflected in the company's current valuation. We are optimistic about the company's graphene technology and facility expansions but highlight in our view commodity, financing, and execution risk." The Globe reported on Nov. 9 that National Bank Financial analyst Rupert Merer had reaffirmed his "outperform" recommendation for Nanoxplore. The shares could then be had for $2.01.