Barrick Gold Corporation (ABX): Today's Featured Basic Materials Loser

Barrick Gold Corporation ( ABX) pushed the Basic Materials sector lower today making it today's featured Basic Materials loser. The sector as a whole closed the day down 1.2%. By the end of trading, Barrick Gold Corporation fell $1.22 (-3.2%) to $36.72 on average volume. Throughout the day, 9.6 million shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 7.7 million shares. The stock ranged in price between $36.20-$37.40 after having opened the day at $37.27 as compared to the previous trading day's close of $37.94. Other company's within the Basic Materials sector that declined today were: Jaguar Mining ( JAG), down 34.9%, Avalon Rare Metals ( AVL), down 24%, Callon Petroleum ( CPE), down 16.5%, and Scotts Miracle Gro ( SMG), down 16.1%.

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 $37.91 billion and is part of the metals & mining industry. The company has a P/E ratio of 8.4, below the average metals & mining industry P/E ratio of 8.5 and below the S&P 500 P/E ratio of 17.7. Shares are down 16.3% year to date as of the close of trading on Monday. 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 positive front, Tri-Valley Corporation ( TIV), up 25.6%, Kingold Jewelry ( KGJI), up 11.1%, EXCO Resources ( XCO), up 9.2%, and Innospec ( IOSP), up 7.4%, were all gainers within the basic materials sector with Southwestern Energy Company ( SWN) being today's featured basic materials sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).