The Globe and Mail reports in its Thursday, Oct. 16, edition that National Bank Financial analysts are maintaining a positive outlook for precious metal prices due to the ongoing global trade war and market uncertainty. The Globe's David Leeder writes in the Eye On Equities column that in a Wednesday report, they updated their estimates for companies in their coverage, resulting in increased share targets for stocks. The analysts say in a note: "Gold price continues to move higher, with a look ahead into how this may impact 2026 budgeting. With spot gold prices now above $4,000/oz and silver prices above $50/oz, we expect further management commentary around capital allocation and anticipate the overall financial leverage of the sector to ease as debt is repaid with strong cash flows. Looking ahead, we expect to get some colour on how the higher commodity prices may impact year-end R&R updates and mine plans as lower-grade tonnes become economical." The National analysts continue to rate Torex Gold Resources "outperform." The National analysts gave their share target an $11 boost to $86. Analysts on average target the shares at $71.40.