Barrick Gold (ABX) Stock Down Despite Rebound in Gold Prices

Barrick Gold (ABX) stock is falling this afternoon despite slight gains in gold prices.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of Barrick Gold (ABX)  are slipping 0.28% to $21.55 this afternoon as gold prices return from their lows last week.

Gold for August delivery is up 0.2% to $1,332 per ounce on the COMEX. It had fallen earlier this week after the failed coup attempt in Turkey on Friday.

Gold is stretching toward its highest settlement since last Wednesday despite a stronger dollar, which typically spells lower prices for the commodity.

Over the past six weeks, gold has made gains of nearly 12%.

Barrick Gold is a Canadian gold mining company.

Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C.

The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and good cash flow from operations.

However, as a counter to these strengths, TheStreet Ratings finds weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

You can view the full analysis from the report here: ABX

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

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