The Globe and Mail reports in its Thursday, April 17, edition that National Bank Financial analysts Shane Nagle and Rabi Nizami think copper price tailwinds are likely to support the first quarter financial results for producers "ahead of recent volatility." The Globe's David Leeder writes in the Eye On Equities column that the RBC analysts, citing "increased uncertainty from the impact of tariffs on the global economy/copper consumption," lowered their valuation multiples for stocks in their coverage universe on Wednesday, remaining "cautious on the near-term supply/demand outlook for 2025 with expected deferral of growth projects to offer fundamental long-term support." Accordingly, Mr. Nagle gave his Capstone Copper share target a $1.50 trim to $8.50. He continues to rate Capstone shares "outperform." Analysts on average target the shares at $11.75. Mr. Nagle says in a note: "While our Q1/25 estimates are broadly in-line with Consensus, the primary focus will be on the company's pending FCF inflection, which the market has discounted amidst copper price uncertainty. A deferral in some higher cost growth initiatives (Santo Domingo) could offer some support to the valuation."