The Globe and Mail reports in its Thursday, Jan. 23, edition that National Bank analyst Shane Nagle is keeping his "outperform" call for Capstone Copper intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Nagle, however, gave his share target a 50-cent trim to $11. Analysts on average target the shares at $12.92. Mr. Nagle says in a note: "We continue to see expansion opportunities and potential cost savings through the Mantoverde-Santo Domingo district integration plan in the coming years. However, in the near-term our estimates have come down given softer Q4/24 production and adjusting our estimates for 2025. Capstone Copper is in a unique position to benefit from an improved backdrop for copper prices given several transformational growth projects in the pipeline, further exploration success to better define longer-term growth opportunities will help support the premium valuation. ... We continue to believe Capstone will benefit from an improved backdrop for copper prices given several transformational growth projects in the pipeline and a management team in place to deliver its stated growth objectives. Further exploration success is anticipated throughout 2025."