The Globe and Mail reports in its Tuesday, Sept. 23, edition that National Bank Financial analyst Shane Nagle has elevated his recommendation for Barrick Mining to "outperform" from "sector perform." The Globe's David Leeder writes that Mr. Nagle's share target soared $15 to $51. Analysts on average target the shares at $46.18. The upgrade was issued after Mr. Nagle hiked his target multiple for its shares to reflect recent cost control performance across its assets and "the growing value of Fourmile both improving the growth outlook for the company and shifting more value into the company's U.S.-based portfolio, improving the overall geopolitical risk profile as the value of Mali essentially remains a free option as well." Mr. Nagle says in a note: "He made the change after a site visit to the Nevada Gold Mines, a joint venture between Barrick (61.5-per-cent ownership and operator) and Newmont. This JV represents 31.5 per cent of Barrick's project net asset value and 12.7 per cent for Newmont. ... NGM contains three Tier One gold deposits and, if operated as a single company, would have been the world's 5th-largest gold producer in 2024. ... The tour was well attended by both sell-side and buy-side participants."