The Globe and Mail reports in its Friday, April 19, edition that Stifel analyst Ingrid Rico has reaffirmed her "buy" recommendation for Barrick Gold. The Globe's David Leeder writes in the Eye On Equities column that Ms. Rico boosted her share target to $27 from $25. Analysts on average target the shares at $28.49. Ms. Rico says in a note: "Barrick's five-year guidance and 10-year roadmap provided a broadly steady production outlook of [plus or minus] 4.5M oz. Nevada Gold Mines anchours future production outlook. The Pueblo Viejo expansion project has unlocked almost 11Moz of reserves (100-per-cent basis) extending mine life to beyond 2040 with projected average annual production of 800k oz (on 100-per-cent basis). Barrick's Top Tier mines are among the top gold mines globally and together represent approximately 70 per cent of our corporate NAV. The integration of Nevada Gold Mines has proven successful, in our view. Tanzania continues to get management's attention with the Bulyanhulu underground operation ramping up. As strong FCF continues to be generated, a new performance dividend policy has been introduced to supplement the base quarterly dividend as well as a share buyback program of up to $1-billion."