Barrick Gold (ABX) Stock Rising on Higher Gold Prices
NEW YORK (TheStreet) -- Shares of Barrick Gold (ABX) are up 2.46% to $20.40 this afternoon as gold prices rebound.
Gold for August delivery is up 0.93% to $1,331.50 per ounce on the COMEX.
The precious metal had previously dipped to a one-month low yesterday as U.S. stocks gained following mostly upbeat earnings, MarketWatch reports.
Gold is climbing again today as the dollar weakens.
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, 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.