The company is starting to pick substantial analyst support. Goldman Sachs just added the gold miner to its "Conviction Buy" list. Goldman sees improvement in Barrick's operational profile and lower costs as it starts to get 80% of production from high grade deposits and believes the company can produce some $5B in free cash flow between 2014 and 2018. Yesterday, RBC Capital Markets moved its price target from $23 a share to $25 a share. RBC sees Barrick improving with or without a merger with Newmont and also sees the same reduction in costs and improving free cash flow profile as Goldman.