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 Teck Resources share target a $2 trim to $70. He continues to rate Teck Resources shares "sector perform." Analysts on average target the Class B shares at $66.10. Mr. Nagle says in a note: "We account for unplanned downtime impacting production/costs at QB2 with more consistent operations by H2/25. More confidence in achieving 2025 operating guidance as well as increased pace of the ongoing share buyback would make us more constructive on Teck at these levels relative to peers."