Barrick Gold Corporation (ABX): Today's Featured Basic Materials Laggard
(
) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.1%. By the end of trading, Barrick Gold Corporation fell $0.93 (-6.3%) to $13.76 on average volume. Throughout the day, 29,317,225 shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 22,303,500 shares. The stock ranged in price between $13.43-$14.30 after having opened the day at $14.25 as compared to the previous trading day's close of $14.69. Other companies within the Basic Materials sector that declined today were:
(
), down 50.9%,
(
), down 39.5%,
(
), down 28.7% and
(
), down 24.6%.
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 $14.5 billion and is part of the metals & mining industry. Shares are down 58.0% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Barrick Gold Corporation a buy, no analysts rate it a sell, and 15 rate it a hold.
TheStreet Ratings rates
Barrick Gold Corporation
as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow.
- You can view the full Barrick Gold Corporation Ratings Report.
On the positive front,
(
), up 16.6%,
(
), up 14.9%,
Andatee China Marine Fuel Services Corporat
(
), up 13.5% and
(
), up 12.7% , were all gainers within the basic materials sector with
Occidental Petroleum Corporation
(
) being today's featured basic materials sector leader.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
(
) while those bearish on the basic materials sector could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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