The Globe and Mail reports in its Thursday, June 4, edition that Canaccord Genuity analyst Tony Lesiak is maintaining his "sell" rating on Barrick Gold ($14.94 (Canadian)), while hiking his share target to $14 (Canadian) from $12.50 (Canadian). The Globe's David Leeder writes in the Eye On Equities column that the analyst believes Barrick Gold is "making good" on its pledge to divest non-core assets. As well, Mr. Lesiak is pleased that two recent deals garnered prices above his estimates. Barrick Gold topped Mr. Lesiak's forecasts with both the $550-million (U.S.) sale of its Cowal mine in New South Wales, Australia to Evolution Mining and the sale of 50 per cent of its 95-per-cent interest in its Porgera gold mine in Papua New Guinea to Zijin Mining. Barrick now needs to secure another $2-billion (U.S.) in asset sales to fulfill its debt reduction target for the year, says Mr. Lesiak. He predicts Barrick will achieve the goal. Analysts on average target the shares at $14.07 (Canadian). The Canaccord stockpicker says, "[Barrick] is currently trading at a [premium to net asset value] of 1.12 times, an unsustainable (in our opinion) 41-per-cent premium to [its peer] group."