NEW YORK (TheStreet) -- Shares of Barrick Gold (ABX) were retreating early Friday afternoon as lower gold prices weigh on the Canadian gold miner. 

Gold for December delivery was down 0.43% to $1,335.90 per ounce on the COMEX this afternoon.

The precious metal is under pressure after Federal Reserve Bank of Boston President Eric Rosengren said "a reasonable case can be made" for raising interest rates.

Higher interest rates typically hurt gold, which doesn't pay interest, as investors flock instead to yield-bearing assets. 

Additionally, a stronger greenback is weighing on dollar-denominated commodities such as gold, since they become more expensive to foreign buyers when the dollar strengthens. 

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.

Barrick Gold's strengths such as its solid stock price performance, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and disappointing return on equity.

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

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 article's author. 

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