The Globe and Mail reports in its Friday, Jan. 17, edition that National Bank Financial analyst Mike Parkin has reaffirmed his "sector perform" ranking for Barrick Gold. The Globe's David Leeder writes in the Eye On Equities column that Mr. Parkin gave his share target a $2 trim to $24. Analysts on average target the shares at $32.95. Mr. Parkin says in a note, "The Loulo-Gounkoto mine is a large FCF contributor to Barrick and we would expect a prolonged shutdown of the mine to weigh on future FCF generation of the company." The Globe reported on Oct. 18 that TD Cowen analysts continued to rate Barrick "buy." It was then worth $20.92. The Globe reported on Nov. 22 that Mr. Parkin had reaffirmed his "sector perform" rating for Barrick Gold when it was worth $24.52. The Globe reported on Nov. 26 that CIBC analyst Anita Soni had lowered her recommendation for Barrick Gold to "neutral" from "outperformer." The shares were then going for $24.73. The Globe reported on Dec. 3 that Stifel analyst Ingrid Rico had reiterated her "buy" recommendation for Barrick Gold. The shares could then be had for $24.23.
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