The Globe and Mail reports in its Tuesday, June 30, edition that Citi analyst Alexander Hacking continues to rate Barrick Gold "neutral." The Globe's David Leeder writes in the Eye On Equities column that Mr. Hacking raised his share target by $8 to $27 (all figures U.S.). Analysts on average target the shares at $29.55. Mr. Hacking says Barrick has "strongly outperformed the broader GDX gold miners index. This appears mostly driven by generalist money returning to the sector and preferring the largest, most diversified names. Note: this may encourage more mid-cap M&A." Mr. Hacking says, "Barrick continues to unwind a 'lost decade' from 2005-15 where stock returns were exceptionally disappointing versus the gold price." Mr. Hacking warns that valuations are not inexpensive currently. He says, however, "The history of gold stocks says they will trade higher with the gold price and Citi's global commodity team is bullish ($2,000/oz in 2H21)." The Globe reported on Feb. 27 that Canaccord analyst Carey MacRury downgraded Barrick Gold to "hold" from "buy." The shares could then be had for $21.09. The Globe reported on March 2 that Raymond James rated the shares "outperform," when they were worth $19.04.