The Globe and Mail reports in its Thursday, Aug. 13, edition that Canaccord analyst Carey MacRury upgraded Barrick Gold to "buy" from "hold." The Globe's David Leeder writes in the Eye On Equities column that Mr. MacRury continues to target the shares at $47. Analysts on average target the shares at $41.85. Mr. MacRury says in a note, "In our view, Barrick has a steady production profile of 5 million ounces through 2026, strong FCF [free cash flow] generation (8-per-cent 2021 estimated FCF yield at spot prices) and we expect the company to achieve a net cash position in 2021." The Globe says Mr. MacRury views Barrick's second quarter financial results, released before the bell on Monday, as largely matching his expectations. Adjusted earnings per share of 23 cents topped the 18-cent projection of both Mr. MacRury and the Street due to lower-than-anticipated taxes. The Globe reported on March 2 that Raymond James analysts Brian MacArthur and Farooq Hamed rated the shares "outperform," when they were worth $25.50. The Globe's Gordon Pape was bullish on Barrick on July 16. It was then worth $36.27. The Globe reported on July 30 that Mr. MacRury continued to rate the shares "hold," which were then trading at $38.35.