The Globe and Mail reports in its Wednesday, April 26, edition that Scotia Capital analyst Eric Winmill has resumed coverage on Torex Gold Resources with a "sector perform" ranking and $23 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $24.67. Mr. Winmill calls Torex Gold a "top-tier operator." Mr. Winmill says in a note: "We see Torex as an excellent operator with a clearly-articulated growth strategy. The company has been generating strong margins and cash flow in recent quarters to fund development at Media Luna; as production ramps up there in 2025 with an increased focus on copper production, we see an opportunity for Torex shares to rerate higher and as exploration and project potential is further showcased that could boost production in 2027 and beyond." The Globe reported on Feb. 1, 2022, and May 21, 2022, that Canaccord Genuity analyst Michael Fairbairn rated Torex "buy." The shares could then be had for $12.72 and $13.45. In the final item Mr. Fairbairn said he saw a buying opportunity in junior precious metals producers. The Globe reported on Sept. 24, 2022, that Torex insiders were buying shares, which were then worth $8.24.
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