Barrick Gold Corporation (ABX): Today's Featured Metals & Mining Winner
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 higher today making it today's featured metals & mining winner. The industry as a whole closed the day up 2.6%. By the end of trading, Barrick Gold Corporation rose $0.54 (3.1%) to $18.10 on average volume. Throughout the day, 20,645,469 shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 19,580,800 shares. The stock ranged in a price between $17.37-$18.15 after having opened the day at $17.58 as compared to the previous trading day's close of $17.56. Other companies within the Metals & Mining industry that increased today were:
(
), up 18.5%,
International Tower Hill Mines
(
), up 16.9%,
(
), up 16.4% and
(
), up 16.2%.
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 $16.6 billion and is part of the basic materials sector. Shares are down 52.8% year to date as of the close of trading on Monday. 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 negative front,
(
), down 10.3%,
(
), down 8.4%,
(
), down 4.3% and
(
), down 3.5%.
- 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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