The Globe and Mail reports in its Wednesday, Nov. 25, edition that Jefferies analyst Christopher LaFemina expects the demand for copper to significantly exceed supply starting in 2021 and shortages leading to substantially higher prices. The Globe's David Leeder writes in the Eye On Equities column that Mr. LaFemina sees the copper market heading into a multiyear period of deficits, in part due to secular demand growth in renewable energy and electric vehicles. Despite the brighter outlook, Mr. LaFemina trimmed his share target Barrick Gold ($22.79) to $27.50 from $32 with an unchanged "hold" rating (all figures U.S.). Analysts on average target the shares at $33.68. The Globe's Gordon Pape was bullish on Barrick on July 16. It was then worth $26. The Globe reported on July 30 that Canaccord continued to rate Barrick shares "hold," which were then trading at $29. The Globe reported on Sept. 12 that National Bank analyst David Parkin rated Barrick "outperform." The shares could then be had for $30.87.