Wall Street analysts expect Barrick Gold Corp (NYSE:ABX) (TSE:ABX) to post $2.21 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Barrick Gold’s earnings. The highest sales estimate is $2.24 billion and the lowest is $2.18 billion. Barrick Gold posted sales of $2.32 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.7%. The business is expected to report its next quarterly earnings results on Wednesday, February 21st.

According to Zacks, analysts expect that Barrick Gold will report full year sales of $2.21 billion for the current financial year, with estimates ranging from $7.48 billion to $8.42 billion. For the next year, analysts anticipate that the company will post sales of $7.83 billion per share, with estimates ranging from $7.60 billion to $8.27 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for Barrick Gold.

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

Several equities analysts have weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barrick Gold in a research report on Thursday, September 7th. BMO Capital Markets set a $18.00 price objective on shares of Barrick Gold and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. Jefferies Group reiterated a “buy” rating and set a $20.00 price objective on shares of Barrick Gold in a research report on Thursday, September 21st. TD Securities lowered their price objective on shares of Barrick Gold from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Monday, November 6th. Finally, Citigroup cut shares of Barrick Gold from a “buy” rating to a “sell” rating and set a $13.00 price objective on the stock. in a research report on Thursday, November 30th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.69.

Institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. grew its holdings in shares of Barrick Gold by 116.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 6,588 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 3,543 shares in the last quarter. FNY Partners Fund LP acquired a new stake in shares of Barrick Gold in the 2nd quarter valued at $159,000. Neuberger Berman Group LLC acquired a new stake in shares of Barrick Gold in the 2nd quarter valued at $161,000. ETRADE Capital Management LLC acquired a new stake in shares of Barrick Gold in the 2nd quarter valued at $180,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Barrick Gold in the 3rd quarter valued at $187,000. Institutional investors and hedge funds own 55.72% of the company’s stock.

Barrick Gold (ABX) opened at $13.91 on Tuesday. Barrick Gold has a 52-week low of $13.46 and a 52-week high of $20.78. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.56 and a current ratio of 2.73. The firm has a market cap of $16,402.44, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 9.54 and a beta of -0.42.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Wednesday, November 29th. Barrick Gold’s dividend payout ratio is currently 6.45%.

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About Barrick Gold

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 (NYSE:ABX)

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