The Globe and Mail reports in its Thursday, Sept. 25, edition that analysts at National Bank Financial believe the macroeconomic environment supports precious metal prices due to ongoing political uncertainty, declining real rates, persistent inflation and central banks continuing to be net purchasers. The Globe's David Leeder writes that the National Bank analysts continue to rate Torex Gold Resources "outperform." The analysts gave their share target a $4 boost to $75. Analysts on average target the shares at $64.22. On Wednesday the bank reaffirmed its bullish outlook for prices in the months ahead. National Bank analyst Don DeMarco says in a note: "Morelos flirting with world-class status with over 500 oz/year for more than 10 years, AISC in the lower half of the industry cost curve, in premium geological districts with the potential for organic reserve growth. Transitioned to positive FCF in June 2025, with Media Luna currently ramping-up. Mining rates on track for 7,500 tpd in Q2/26. We expect an inaugural dividend announcement and rapid deleveraging to follow." The Globe reported on June 6 that Desjardins analyst Allison Carson had reiterated her "buy" call for Torex Gold. It was then worth $46.33.