The Globe and Mail reports in its Tuesday, Jan. 9, edition that National Bank Financial analysts Shane Nagle and Rabi Nizami have reaffirmed their "outperform" recommendation for Teck Resources. The Globe's David Leeder writes in the Eye On Equities column that Mr. Nagle and Mr. Nizami trimmed their share target by $2 to $68. Analysts on average target the Class B shares at $63.72. Mr. Nagle says in a note: "Our 'outperform' rating is based on Teck's strong financial performance and robust copper growth pipeline. Divestiture of the steelmaking coal business in 2024 will provide significant cash to bolster the balance sheet ahead of delivering the next leg of copper growth as well as returning cash to shareholders -- supportive of a rerating. Teck's base metal portfolio remains attractive to potential acquirers, leading to multiple expansion of the business following separation from its coal assets." The Globe reported on April 20, 2022, and Nov. 16, 2023, that Canaccord Genuity analyst Dalton Baretto had rated Teck to "hold" and then "buy." The shares could then be had for $54.49 and $48.72.