Wall Street brokerages predict that Barrick Gold Corp (NYSE:ABX) (TSE:ABX) will report $1.91 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Barrick Gold’s earnings, with estimates ranging from $1.84 billion to $1.97 billion. Barrick Gold reported sales of $2.23 billion during the same quarter last year, which would suggest a negative year over year growth rate of 14.3%. The firm is expected to report its next quarterly earnings results on Wednesday, February 13th.

According to Zacks, analysts expect that Barrick Gold will report full year sales of $7.25 billion for the current fiscal year, with estimates ranging from $7.18 billion to $7.31 billion. For the next year, analysts expect that the company will post sales of $7.00 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Barrick Gold.

Barrick Gold (NYSE:ABX) (TSE:ABX) last announced its quarterly earnings results on Wednesday, October 24th. The basic materials company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.80 billion. Barrick Gold had a positive return on equity of 5.38% and a negative net margin of 8.75%. The business’s revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 earnings per share.

A number of equities analysts have weighed in on the company. Raymond James set a $17.00 price target on Barrick Gold and gave the stock a “hold” rating in a research report on Friday. ValuEngine raised Barrick Gold from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. TD Securities boosted their price objective on Barrick Gold from $15.00 to $15.50 and gave the stock a “buy” rating in a report on Wednesday, October 31st. UBS Group set a $15.00 price objective on Barrick Gold and gave the stock a “hold” rating in a report on Monday, October 29th. Finally, Royal Bank of Canada boosted their price objective on Barrick Gold from $14.00 to $16.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $14.96.

NYSE ABX traded down $0.19 during trading on Friday, reaching $12.91. 12,943,721 shares of the company’s stock were exchanged, compared to its average volume of 22,392,850. The company has a market cap of $15.16 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 15.51 and a beta of -0.57. The company has a quick ratio of 1.42, a current ratio of 2.65 and a debt-to-equity ratio of 0.53. Barrick Gold has a fifty-two week low of $9.53 and a fifty-two week high of $15.52.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Thursday, November 29th. Barrick Gold’s dividend payout ratio is presently 16.00%.

Large investors have recently modified their holdings of the company. Stevens Capital Management LP bought a new stake in shares of Barrick Gold in the second quarter valued at approximately $1,582,000. BlueMountain Capital Management LLC bought a new stake in shares of Barrick Gold in the second quarter valued at approximately $790,000. Ronna Sue Cohen bought a new stake in shares of Barrick Gold in the third quarter valued at approximately $222,000. Nomura Holdings Inc. boosted its stake in shares of Barrick Gold by 351.6% in the second quarter. Nomura Holdings Inc. now owns 184,254 shares of the basic materials company’s stock valued at $2,420,000 after buying an additional 257,484 shares during the period. Finally, Greenline Partners LLC boosted its stake in shares of Barrick Gold by 2.6% in the third quarter. Greenline Partners LLC now owns 568,519 shares of the basic materials company’s stock valued at $6,319,000 after buying an additional 14,140 shares during the period. Institutional investors own 52.08% of the company’s stock.

About Barrick Gold

Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.

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