The Globe and Mail reports in its Wednesday, Dec. 11, edition that National Bank Financial analysts Shane Nagle and Rabi Nizami have a cautious outlook for copper as we enter 2025, citing demand uncertainty and near-term supply growth while maintaining a favourable view on long-term fundamentals. The Globe's David Leeder writes in the Eye On Equities column that Mr. Nagle and Mr. Nizami are forecasting a surplus in copper markets in 2025. Mr. Nagle continues to rate Solaris Resources "outperform." Mr. Nagle's share target for Solaris climbed $1.50 to $10. Analysts on average target the shares at $12.40. Mr. Nagle says in a note, "The company continues to advance its large-scale Warintza project toward prefeasibility in H2/25 with our O/P rating supported by a discounted valuation, incremental exploration success and emigration of the company to Switzerland providing more strategic alternatives to crystallize value." The Globe reported on Nov. 23, 2021, that BMO's Rene Cartier rated Solaris "outperform" in new coverage when it could be had for $13.15. The Globe reported on June 12, 2024, that Mr. Cartier continued to rate Solaris "outperform" when it could be had for $4.58.
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