Equities analysts expect Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) to announce $2.20 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Barrick Gold Corporation’s earnings, with the lowest sales estimate coming in at $2.18 billion and the highest estimate coming in at $2.23 billion. Barrick Gold Corporation posted sales of $2.32 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.2%. The business is expected to issue its next earnings report on Wednesday, February 21st.

On average, analysts expect that Barrick Gold Corporation will report full year sales of $2.20 billion for the current financial year, with estimates ranging from $7.48 billion to $8.42 billion. For the next fiscal year, analysts forecast that the company will post sales of $7.80 billion per share, with estimates ranging from $7.60 billion to $8.27 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Barrick Gold Corporation.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last posted its earnings results on Wednesday, October 25th. The basic materials company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Barrick Gold Corporation had a net margin of 25.72% and a return on equity of 7.73%. The company’s quarterly revenue was down 15.8% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share.

Several brokerages have issued reports on ABX. Royal Bank Of Canada reissued an “outperform” rating on shares of Barrick Gold Corporation in a research report on Friday, August 18th. UBS AG lowered their price objective on shares of Barrick Gold Corporation from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. Jefferies Group LLC set a $20.00 price objective on shares of Barrick Gold Corporation and gave the stock a “buy” rating in a research report on Thursday, October 19th. Credit Suisse Group reissued a “buy” rating and set a $22.00 price objective on shares of Barrick Gold Corporation in a research report on Sunday, September 24th. Finally, TD Securities lowered their price objective on shares of Barrick Gold Corporation from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Monday, November 6th. Thirteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Barrick Gold Corporation currently has an average rating of “Hold” and an average price target of $19.13.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. First Eagle Investment Management LLC lifted its stake in shares of Barrick Gold Corporation by 1.6% in the third quarter. First Eagle Investment Management LLC now owns 35,354,891 shares of the basic materials company’s stock valued at $568,860,000 after purchasing an additional 546,654 shares during the period. Franklin Resources Inc. lifted its stake in shares of Barrick Gold Corporation by 41.7% in the second quarter. Franklin Resources Inc. now owns 34,981,711 shares of the basic materials company’s stock valued at $556,558,000 after purchasing an additional 10,291,973 shares during the period. Flossbach Von Storch AG lifted its stake in shares of Barrick Gold Corporation by 8.1% in the third quarter. Flossbach Von Storch AG now owns 28,677,838 shares of the basic materials company’s stock valued at $461,427,000 after purchasing an additional 2,148,150 shares during the period. Vanguard Group Inc. lifted its stake in shares of Barrick Gold Corporation by 4.5% in the second quarter. Vanguard Group Inc. now owns 27,435,727 shares of the basic materials company’s stock valued at $436,503,000 after purchasing an additional 1,190,761 shares during the period. Finally, Majedie Asset Management Ltd lifted its stake in shares of Barrick Gold Corporation by 7.8% in the second quarter. Majedie Asset Management Ltd now owns 18,856,140 shares of the basic materials company’s stock valued at $300,001,000 after purchasing an additional 1,360,514 shares during the period. Hedge funds and other institutional investors own 56.22% of the company’s stock.

Barrick Gold Corporation (NYSE:ABX) traded up $0.13 during midday trading on Friday, hitting $14.05. 3,390,000 shares of the company were exchanged, compared to its average volume of 9,510,000. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.73 and a quick ratio of 1.56. The stock has a market cap of $16,390.00, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 9.30 and a beta of -0.39. Barrick Gold Corporation has a 1 year low of $13.81 and a 1 year high of $20.78.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Wednesday, November 29th. Barrick Gold Corporation’s dividend payout ratio (DPR) is 6.42%.

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Barrick Gold Corporation Company Profile

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

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Earnings History and Estimates for Barrick Gold Corporation (NYSE:ABX)

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