The Globe and Mail reports in its Thursday, Jan. 23, edition that National Bank analyst Shane Nagle is maintaining his "sector perform" recommendation for Teck Resources. The Globe's David Leeder writes in the Eye On Equities column that Mr. Nagle gave his share target a $2.50 trim to $75. Analysts on average target Teck Resources shares at $72.23. Mr. Nagle says Teck Resources will likely "remain a core holding in the copper sector owing to its diverse its operating base, strong balance sheet liquidity and project pipeline." Mr. Nagle, however, sees "more compelling near-term opportunities" in his coverage universe following the announcement of its 2024 production results and 2025 guidance. Mr. Nagle says in a note: "Teck expects lower capital expenditures in 2025 on lower capitalized stripping costs and on completion of QB2. Growth capital aside from QB2 includes feasibility studies and progressing permitting and advancing detailed engineering work at Highland Valley Copper, San Nicolas and Zafranal. We have increased our 2025 capital expenditure estimate slightly and are modestly above Teck guidance range owing to anticipated sanctioning of HVC extension in H2/25 and Zafranel in 2026."