$TXG.TO

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

National Bank of Canada Thursday maintained Torex Gold Resources (TXG.TO)'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%

National Bank of Canada Increases Torex Gold's Price Target to C$101 form C$98

National Bank of Canada on Wednesday raised Torex Gold Resources' (TXG.TO) price target to C$101 from $98 with an outperform rating.The higher price target was based on a higher NTM EBITDA window and using a 6.5x EV/EBITDA multiple, National Bank said.The price target reflects the company's results for the first quarter, with financials mixed and higher-than-expected costs, while dividend and share buybacks increased, the bank said.Torex will initially focus on its expanded shareholder program in 2026, and will review the opportunity to continue the program into 2027 as the year progresses, particularly with the buybacks as the dividend is already expected to continue indefinitely, National Bank said.Torex traded at $67.44 per share at last look Thursday on the Toronto Stock Exchange.Price: $67.27, Change: $-1.95, Percent Change: -2.82%

Earnings Flash (TXG.TO) Torex Gold Posts Q1 Adjusted Basic EPS US$2.10 Per Share, Diluted $2.08