Equities research analysts expect that Barrick Gold Corp (NYSE:ABX) (TSE:ABX) will post sales of $1.81 billion for the current quarter, Zacks reports. Two analysts have provided estimates for Barrick Gold’s earnings, with the highest sales estimate coming in at $1.85 billion and the lowest estimate coming in at $1.76 billion. Barrick Gold reported sales of $1.99 billion during the same quarter last year, which would suggest a negative year over year growth rate of 9%. The firm is expected to report its next quarterly earnings report after the market closes on Wednesday, October 24th.

On average, analysts expect that Barrick Gold will report full year sales of $7.28 billion for the current year, with estimates ranging from $7.10 billion to $7.42 billion. For the next fiscal year, analysts expect that the company will report sales of $7.89 billion, with estimates ranging from $7.00 billion to $9.41 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Barrick Gold.

Barrick Gold (NYSE:ABX) (TSE:ABX) last issued its quarterly earnings data on Wednesday, July 25th. The basic materials company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.05). Barrick Gold had a negative net margin of 3.38% and a positive return on equity of 6.13%. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the business posted $0.22 earnings per share. The firm’s revenue was down 20.7% on a year-over-year basis.

A number of brokerages recently weighed in on ABX. Zacks Investment Research downgraded Barrick Gold from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. ValuEngine raised Barrick Gold from a “sell” rating to a “hold” rating in a research note on Friday. BMO Capital Markets set a $13.00 price objective on Barrick Gold and gave the company a “hold” rating in a research note on Wednesday. Deutsche Bank set a $15.00 price objective on Barrick Gold and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Finally, JPMorgan Chase & Co. set a $14.00 price objective on Barrick Gold and gave the company a “hold” rating in a research note on Thursday, October 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $15.14.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flossbach Von Storch AG grew its holdings in Barrick Gold by 13.8% in the 2nd quarter. Flossbach Von Storch AG now owns 48,397,134 shares of the basic materials company’s stock valued at $635,457,000 after buying an additional 5,873,410 shares during the last quarter. Ashler Capital LLC grew its holdings in Barrick Gold by 78.2% in the 2nd quarter. Ashler Capital LLC now owns 18,297,749 shares of the basic materials company’s stock valued at $240,249,000 after buying an additional 8,030,578 shares during the last quarter. Jupiter Asset Management Ltd. grew its holdings in shares of Barrick Gold by 22.0% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 7,831,133 shares of the basic materials company’s stock worth $102,823,000 after purchasing an additional 1,412,000 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Barrick Gold by 144.4% during the 2nd quarter. Toronto Dominion Bank now owns 7,729,036 shares of the basic materials company’s stock worth $103,335,000 after purchasing an additional 4,567,102 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Barrick Gold by 138.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,285,904 shares of the basic materials company’s stock worth $82,534,000 after purchasing an additional 3,644,976 shares in the last quarter. 52.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ABX stock traded down $0.11 during trading on Wednesday, reaching $12.47. The company had a trading volume of 25,594,411 shares, compared to its average volume of 12,634,223. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.22 and a current ratio of 2.12. Barrick Gold has a one year low of $9.53 and a one year high of $16.83. The company has a market capitalization of $12.93 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 9.05 and a beta of -0.37.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Friday, August 31st were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Thursday, August 30th. Barrick Gold’s dividend payout ratio (DPR) is currently 16.00%.

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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