4 Stocks Pushing The Basic Materials Sector Lower

1. As of noon trading, Barrick Gold Corporation (ABX) is down $0.44 (-1.5%) to $29.25 on average volume Thus far, 4.5 million shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 8.9 million shares. The stock has ranged in price between $29.24-$30.10 after having opened the day at $29.76 as compared to the previous trading day's close of $29.69.

Barrick Gold Corporation engages in the production and sale of gold and copper. The company has a portfolio of 27 operating mines, and exploration and development projects located in North America, South America, the Australia Pacific region, and Africa. Barrick Gold Corporation has a market cap of $28.5 billion and is part of the metals & mining industry. Shares are down 15.2% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Barrick Gold Corporation a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Barrick Gold Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Barrick Gold Corporation Ratings Report now.

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If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR (XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd (SBM).

A reminder about TheStreet Ratings group: 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.

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