The Globe and Mail reports in its Friday, April 5, edition that National Bank Financial analysts Shane Nagle and Rabi Nizami think a "sentiment driven" rally has pushed copper prices higher. The Globe's David Leeder writes in the Eye On Equities column that Mr. Nagle and Mr. Nizami say in a note: "Despite elevated copper inventories and pending supply growth through H2/24 -- 2025, improving manufacturing numbers out of China, pending rate cuts and view of more long-term electrification demand resulting from AI have driven a significant increase in speculative interest in copper markets over recent weeks. As a result, we have increased our near-term copper price outlook." Accordingly, Mr. Nagle and Mr. Nizami have reaffirmed their "outperform" recommendation for Filo, while boosting their share target to $36 from $35. Analysts on average target the shares at $31.27. Mr. Nagle adds, "The 2024 drill program, while continually stepping into new mineralization is now also closing off large gaps to connect multiple discoveries." The Globe reported on Jan. 9 that Mr. Nagle and Mr. Nizami had reaffirmed their "outperform" recommendation for Filo. It was then worth $20.60.