Raymond James analyst Brian MacArthur lowered the price target on Barrick Mining (NYSE: B) to $61.00 (from $62.00) while maintaining a Outperform rating.

The analyst commented, "Barrick has a controlling interest in numerous high-quality gold mines and copper assets that allows it to generate strong cash flow. The no-premium deal with Randgold provided more tierone assets and free cash flow, but also increased Barrick’s jurisdictional risk given Randgold's large African portfolio. 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."