CIBC analyst Cosmos Chiu raised the firm’s price target on Torex Gold Resources (TORXF) to C$100 from C$90 and keeps an Outperformer rating on the shares. CIBC increased targets across the precious metals group after upped its gold price forecasts to $6,000 per ounce in 2026 and $6,500 in 2027. It also upped copper price assumptions. The same demand drivers from 2025 will remain in place in 2026 but there is heightened geopolitical uncertainty, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TORXF:
- Torex Gold Resources price target raised to C$95 from C$72 at Scotiabank
- Torex Gold Resources price target raised to C$95 from C$89.50 at Canaccord
- Torex Gold Targets Higher 2026 Output and Ramps Up Exploration at Morelos Complex
- Torex Gold Caps 2025 With Strong Output as Media Luna Ramp-Up Outpaces Plan