NEW YORK (

TheStreet

) -- The ex-dividend date for

Barrick Gold Corporation

(NYSE:

ABX

) is Monday, August 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $50.45 as of 9:30 a.m. ET, the dividend yield is 1%.

The average volume for Barrick has been 8.7 million shares per day over the past 30 days. Barrick has a market cap of $49 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are down 6% year to date as of the close of trading on Thursday.

Barrick Gold Corporation engages in the production and sale of gold, as well as related activities, such as exploration and mine development. The company has a P/E ratio of 13.2, above the average metals & mining industry P/E ratio of 12.6 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Barrick as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, robust revenue growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Barrick Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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