The Globe and Mail reports in its Wednesday, July 19, edition that Citi analyst Alexander Hacking has reaffirmed his "neutral" recommendation and $20 (U.S.) share target for Barrick Gold. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $23.10 (U.S.). The Globe reports that Mr. Hacking sees the potential for North American large-cap gold miners to rebound moving forward. He predicts a "stronger" second quarter earnings season. Mr. Hacking says in a note: "Positive factors include low operating costs, a stable balance sheet, new management with a strong operating track record, potential upside from synergies at the new Nevada JV. Negative factors include some challenging legacy assets, geopolitical risk, challenges to grow production from such a large base and limited FCF. On balance we see equal upside and downside at current levels." The Globe reported on Jan. 19 that Scotia Capital analyst Tanya Jakusconek had reaffirmed her "sector outperform" recommendation for Barrick. The shares could then be had for $18.80 (U.S.). The Globe reported on April 21 that Stifel analysts continued to rate Barrick "buy." The shares could then be had for $19.07 (U.S.).

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