Definitely a buy rating The Globe and Mail reports in its Wednesday, May 22, edition that Stifel analyst Cole McGill sees a "rationalized" lithium market for the second half of 2024 "with a largely balanced supply/demand outlook driving a 'Goldilocks Zone' of pricing." The Globe's David Leeder writes in the Eye On Equities column that Mr. McGill has reaffirmed his "buy" call on Critical Elements Lithium. Mr. McGill gave his share target a 60-cent trim to $2.65. Analysts on average target the shares at $3.11. Mr. McGill says in a note: "In a market that needs to more than double size in six years, we think price has to trend more toward incentive ($20-25k/t) than marginal ($12k/t), providing asymmetric upside to equity exposure. A short term approach to capital allocation can exacerbate the volatility of an immature market. Industry conversations leave us thinking OEM/vertical interest in counter cycle sourcing has the ability to put a floor in equities, and would provide a lift on valuations due to easing liquidity in less dilutive manner." The Globe reported on April 3 that Eight Capital analyst Puneet Singh rated Critical Elements "buy."