Barrick Gold Corporation Stock Buy Recommendation Reiterated (ABX)

NEW YORK (TheStreet) -- Barrick Gold Corporation (NYSE:ABX) has been reiterated by TheStreet Ratings as a buy with a ratings score of B- . The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, notable return on equity, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

• ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

Highlights from the ratings report include:

• The revenue growth came in higher than the industry average of 2.0%. Since the same quarter one year prior, revenues rose by 18.0%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
• The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Metals & Mining industry and the overall market, BARRICK GOLD CORP's return on equity exceeds that of both the industry average and the S&P 500.
• The net income growth from the same quarter one year ago has significantly exceeded that of the Metals & Mining industry average, but is less than that of the S&P 500. The net income increased by 2.8% when compared to the same quarter one year prior, going from $1,001.00 million to $1,029.00 million.
• BARRICK GOLD CORP's earnings per share improvement from the most recent quarter was slightly positive. The company has demonstrated a pattern of positive earnings per share growth over the past two years. During the past fiscal year, BARRICK GOLD CORP increased its bottom line by earning $4.48 versus $3.17 in the prior year.

Barrick Gold Corporation engages in the production and sale of gold and copper. The company has a portfolio of 26 operating mines, and exploration and development projects located in North America, South America, the Australia Pacific region, and Africa. The company has a P/E ratio of 7.7, equal to the average metals & mining industry P/E ratioand below the S&P 500 P/E ratio of 17.7. Barrick has a market cap of $34.79 billion and is part of the basic materials sector and metals & mining industry. Shares are down 23.6% year to date as of the close of trading on Friday.

You can view the full Barrick Ratings Report or get investment ideas from our investment research center.

--Written by a member of TheStreet Ratings Staff.

TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

For more information on Barrick Gold Corporation click any of the following:

• Barrick Gold Corporation Stock Price

• Barrick Gold Corporation Analyst Ratings

• Barrick Gold Corporation Key Stats & Profile

• Barrick Gold Corporation Earnings

• Barrick Gold Corporation Ratio Comparison

• Barrick Gold Corporation Growth Rates

• Barrick Gold Corporation Balance Sheet

• Barrick Gold Corporation Cash Flow

• Barrick Gold Corporation Income Statement