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Barrick Gold Corporation (ABX): Today's Highlighted Performer In Metals & Mining

Editor's Note: 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.

Barrick Gold Corporation ( ABX) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 0.5%. By the end of trading, Barrick Gold Corporation rose 27 cents (1.1%) to $24.73 on heavy volume. Throughout the day, 22.3 million shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 10.2 million shares. The stock ranged in a price between $24.30-$25.10 after having opened the day at $24.63 as compared to the previous trading day's close of $24.46. Other companies within the Metals & Mining industry that increased today were: Quaterra Resources ( QMM), up 18.4%, Lake Shore Gold ( LSG), up 9.4%, Richmont Mines ( RIC), up 6.6%, and China Gerui Advanced Materials Group ( CHOP), up 5.9%.

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Barrick Gold Corporation engages in the production and sale of gold and copper. It is also involved in exploration and mine development activities. Barrick Gold Corporation has a market cap of $26.72 billion and is part of the basic materials sector. Shares are down 30.1% 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.

On the negative front, Kingold Jewelry ( KGJI), down 9.5%, General Moly ( GMO), down 6.3%, Mechel OAO ( MTL), down 5.9%, and Alderon Iron Ore ( AXX), down 5.7%, were all laggards within the metals & mining industry with Goldcorp ( GG) being today's metals & mining industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

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