The Globe and Mail reports in its Tuesday, Oct. 24, edition that National Bank Financial Markets analysts have reaffirmed their "sector perform" recommendation for Torex Gold Resources. The Globe's David Leeder writes that the National Bank stockpickers shaved their share target by $6 to $19. Analysts on average target the shares at $25. Ahead of third quarter earnings season in the precious metals sector, the National Bank analysts say they remain constructive on spot gold prices over the next year. They warn, however, of near-term volatility. The analysts say in a note: "For concentrate producers, provisional pricing adjustments are generally expected to be modestly net negative for 3Q23 earnings with gold, silver, copper finishing lower quarter-over-quarter while lead was higher. A number of producers have guided to a back-half-weighted production year, and thus, we expect several companies to have increased production quarter-over-quarter. Several currencies including the BRL and MXN gained strength against the [U.S. dollar] and could prove to be headwinds for cost guidance." The Globe reported on July 21 that National Bank analysts rated Torex "sector perform." The shares could then be had for $18.63.