Barrick Mining price target raised to $30 from $28.50 at Raymond James

Raymond James raised the firm’s price target on Barrick Mining (B) to $30 from $28.50 and keeps an Outperform rating on the shares. Barrick announced that it has reached an agreement to sell the Hemlo Gold Mine in Canada to Carcetti Capital Corp., the analyst tells investors in a research note. The creation of the Nevada JV with Newmont consolidated management at the world’s largest gold complex and provided the opportunity to create meaningful synergies, the firm says.