The Globe and Mail reports in its Tuesday, Sept. 22, 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 Mohamed Sidibe has reaffirmed his "outperform" recommendation for Montage Gold. He gave his share target a $2 boost to $24. Analysts on average target the shares at $20.67. Mr. Sidibe says in a note, "Montage offers a large-scale, high-quality development asset in Kone, with construction advancing on schedule toward first gold in Q4/26 and a funded path through to production, supporting continued project derisking." The Globe reported on Nov. 27 that Sidibe was keeping his "outperform" recommendation for Montage Gold intact. The shares were then going for $7.88.
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