Barrick Gold Corporation (ABX): Today's Featured Metals & Mining Winner

Barrick Gold Corporation ( ABX) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day up 0.7%. By the end of trading, Barrick Gold Corporation rose 72 cents (1.8%) to $40.66 on light volume. Throughout the day, 5.5 million shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 7.6 million shares. The stock ranged in a price between $40.13-$40.69 after having opened the day at $40.39 as compared to the previous trading day's close of $39.94. Other companies within the Metals & Mining industry that increased today were: Westmoreland Coal ( WLB), up 10.4%, Agnico-Eagle Mines ( AEM), up 9.8%, Cardero Resources Corporation ( CDY), up 9.2%, and Lake Shore Gold ( LSG), up 7.6%.

Barrick Gold Corporation engages in the production and sale of gold and copper. The company has a portfolio of 26 operating mines, and exploration and development projects located in North America, South America, the Australia Pacific region, and Africa. Barrick Gold Corporation has a market cap of $39.99 billion and is part of the basic materials sector. The company has a P/E ratio of 8.9, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 11.7% year to date as of the close of trading on Thursday. Currently there are 14 analysts that rate Barrick Gold Corporation a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Barrick Gold Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Ossen Innovation ( OSN), down 7.6%, Pacific Booker Minerals ( PBM), down 4.3%, Alpha Natural Resources ( ANR), down 3.8%, and Patriot Coal Corporation ( PCX), down 3.6%, were all losers within the metals & mining industry with Alcoa ( AA) being today's metals & mining industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

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