National Bank of Canada Maintains Torex Gold Resources' Outperform Rating, C$101 Target

BY MT Newswires | ECONOMIC | 10:43 AM EDT

10:43 AM EDT, 05/21/2026 (MT Newswires) -- National Bank of Canada Thursday maintained Torex Gold Resources (TORXF) 's outperform rating and a C$101 target.

The company appointed Dan Rollins as chief financial officer from senior vice president of corporate development and investor relations, effective June 17.

The change is effective as Andrew Snowden assumes the role as president and chief executive officer upon the departure of Jody Kuzenko.

National Bank believes Rollins brings a depth of familiarity and capability to maintain a high-functioning executive team, which the company is known for.

Torex Gold at last look lost 1.8% to $58.27 on the Toronto Stock Exchange on Thursday.

Price: 58.27, Change: -1.09, Percent Change: -1.84

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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