The Globe and Mail reports in its Tuesday edition that despite inflation and interest rate hikes, analysts at National Bank Financial view metal prices positively, citing strong central bank buying, demand from China and India, a weakening greenback due to high debt levels, and geopolitical uncertainty. The Globe's David Leeder writes that National Bank analysts upgraded their price forecasts for all metals and foreign exchange rates. The analysts updated their long-term prices to reflect ongoing inflationary pressures and anticipated cost increases as mining companies optimize mine planning in a high commodity price environment. National analyst Andrew Dusome has reaffirmed his "outperform" recommendation for Faraday Copper. He gave his share target a 25-cent boost to $7.50. Analysts on average target the shares at $7.25. Mr. Dusome says in a note, "With the acquisition of San Manuel from BHP set to close in Q3/26, we view Faraday as advancing toward creating a multi-decade copper district in a Tier 1 mining jurisdiction with strong cornerstone investors in BHP and the Lundin Group." The Globe reported on July 15, that National analysts Shane Nagle and Rabi Nizami rated Faraday "outperform." It was then worth $5.46.
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