Barrick Gold Corporation (ABX): Today's Featured Metals & Mining Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 0.8%. By the end of trading, Barrick Gold Corporation fell $0.23 (-1.3%) to $16.97 on average volume. Throughout the day, 19,517,486 shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 18,970,600 shares. The stock ranged in price between $16.62-$17.53 after having opened the day at $17.12 as compared to the previous trading day's close of $17.20. Other companies within the Metals & Mining industry that declined today were:
(
), down 19.3%,
(
), down 16.4%,
(
), down 15.2% and
(
), down 14.8%.
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 $17.6 billion and is part of the basic materials sector. Shares are down 50.9% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Barrick Gold Corporation a buy, no analysts rate it a sell, and 17 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 19.6%,
(
), up 11.2%,
(
), up 9.4% and
(
), up 9.0% , were all gainers within the metals & mining industry with
(
) being today's featured metals & mining industry leader.
- Use our metals & mining section to find industry-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 metals & mining industry could consider
(
) while those bearish on the metals & mining industry could consider
PowerShares DB Base Metals Sht ETN
(
).
- Find other investment ideas from our top rated ETFs lists.
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