The Globe and Mail reports in its Tuesday, April 1, edition that Citi analyst Alexander Hacking has reaffirmed his "neutral" recommendation for Barrick Gold. The Globe's David Leeder writes in the Eye On Equities column that Mr. Hacking jacked his share target up by $4 to $21 (all figures U.S.). Analysts on average target the shares at $22.11. Mr. Hacking says in a note: "Gold prices are marching higher, to new all-time highs above $3000/oz as the world frets about the impact of President Trump's tariff impact on global growth, and we expect ETF and other bar investment will drive it up to $3,200/oz over the next three months (based on modelling using our fundamental framework for gold pricing), the firm said. We forecast that total gold investment will remain well above the critical 70 per cent of mine supply threshold, for the ninth consecutive quarter. Over the past 15 years when investment demand rose above this level, prices have tended to rise in order to switch off jewelry consumption and raise scrap supply. ... Positive factors include low operating costs, a stable balance sheet, new management with a strong operating track record and potential upside from synergies at the new Nevada JV."