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 Don DeMarco has reaffirmed his "outperform" recommendation for Torex Gold Resources. He gave his share target a $4 boost to $89. Analysts on average target the shares at $90.09. Mr. DeMarco says in a note, "Strong FCF profile with elevated double-digit FCF yields, supported by a largely completed transition to Media Luna and a relatively straightforward operating profile with limited near-term development capital requirements." The Globe reported on Dec. 10 that Mr. DeMarco continued to rate Torex Gold Resources "outperform." The shares could then be had for $62.33.