The Globe and Mail reports in its Friday, April 4, edition that Desjardins Securities analyst Bryce Adams has a positive long-term outlook for copper prices, viewing the red metal as a key input for global decarbonization efforts, data centre demand and electric vehicle use. The Globe's David Leeder writes in the Eye On Equities column that Mr. Adams, in a research report released Friday, commenced coverage on Teck Resources with a "buy" recommendation and a $74 share target. Analysts on average target the shares at $70.51. Mr. Adams says in a note: "Teck has near-term growth as QB ramps up, as well as several longer-dated growth options in its portfolio. The company is now focused on industrial metals and has a large share buyback program, in which we expect it to stay active in 2025. Key stock drivers this year will be the company accelerating QB to nameplate capacity and operational consistency following ramp-up efforts in 2024 which were below expectations, as well as continued buyback activity." The Globe reported on Feb. 25 that Citi analyst Alexander Hacking had reaffirmed his "neutral" ranking and $68 share target for Teck Resources. The shares could then be had for $58.29.