The Globe and Mail reports in its Wednesday, Oct. 18, edition that National Bank Financial analyst Shane Nagle cut his share target for Capstone Copper to $6.75 from $7.25 ahead of the third quarter earnings season for base metals producers. The Globe's David Leeder writes in the Eye On Equities column that Mr. Nagle continues to rate Capstone Copper "outperform." Analysts on average target the shares at $7.90. Mr. Nagle says in a note: "Despite pressure on the copper price from increasing interest rates and recession fears, equities have maintained a fair valuation, suggesting the market has been looking through near-term price/earnings volatility toward the potential of a more favourable copper price environment given the anticipated copper deficit in the coming years and further M&A activity. There is the risk operational underperformance and/or any material impact to any growth initiatives could lead to volatility in share prices." The Globe reported on Feb. 14 that Mr. Nagle had an unchanged "outperform" recommendation on Capstone Copper. It was then worth $6. The Globe reported on July 19 that Canaccord analyst Dalton Baretto had reaffirmed his "buy" recommendation for Capstone, which was then worth $6.44.