NEW YORK (TheStreet) -- Shares of Barrick Gold Corp. (ABX) are getting a lift, up 2.05% to $9.86 from higher gold futures. The company has also reclaimed its spot on top as Canada's best-performing stock.
So far, the stock is up 29% this year in Toronto. It is currently the world's most valuable gold company, Bloomberg reports.
Additionally, gold futures edged up today following the weak gross domestic product data showing that GDP expanded at a 0.7% annual rate from October to December, compared to a 2% growth in the fall and 3.9% growth last spring, Reuters reports.
Gold for February delivery is climbing 0.01% to $1,116.20 per ounce on the COMEX this afternoon.
Overall, the precious metal has rallied almost 5% in January as investors sought safe haven assets amid a global rout.
Separately, TheStreet Ratings currently has a "Sell" rating on the stock with a letter grade of D.
The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity and generally disappointing historical performance in the stock itself.
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.
You can view the full analysis from the report here: ABX