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Barrick Gold Corporation (ABX): Today's Featured Basic Materials Winner

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 Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.6%. By the end of trading, Barrick Gold Corporation rose $0.45 (2.3%) to $19.71 on average volume. Throughout the day, 17,821,156 shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 15,506,600 shares. The stock ranged in a price between $18.91-$19.71 after having opened the day at $19.36 as compared to the previous trading day's close of $19.26. Other companies within the Basic Materials sector that increased today were: GeoPetro Resources Company (GPR), up 31.6%, Crosshair Energy (CXZ), up 22.4%, Quest Rare Minerals (QRM), up 19.4% and Oil States International (OIS), up 16.8%.

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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 $19.1 billion and is part of the metals & mining industry. Shares are down 47.0% year to date as of the close of trading on Monday.

TheStreet Ratings rates Barrick Gold Corporation as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow.

On the negative front, Great Basin Gold (GBG), down 13.7%, BMB Munai (BMBM), down 12.6%, Torch Energy Royalty (TRU), down 11.1% and Allied Nevada Gold (ANV), down 9.6% , were all laggards within the basic materials sector with CF Industries Holdings (CF) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, 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).

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