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

Barrick Gold Corporation ( ABX) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining loser. The industry as a whole closed the day down 0.4%. By the end of trading, Barrick Gold Corporation fell 63 cents (-1.6%) to $38.08 on average volume. Throughout the day, 9.6 million shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of nine million shares. The stock ranged in price between $37.88-$38.41 after having opened the day at $38.27 as compared to the previous trading day's close of $38.71. Other company's within the Metals & Mining industry that declined today were: Prospect Global Resources ( PGRX), down 12%, Cardero Resources Corporation ( CDY), down 10.1%, Atlatsa Resources ( ATL), down 9.5%, and Minco Gold Corporation ( MGH), down 8.2%.

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 $38.73 billion and is part of the basic materials sector. The company has a P/E ratio of 8.6, 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 14.5% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Barrick Gold Corporation a buy, no analysts rate it a sell, and five 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, increase in net income, notable return on equity, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Patriot Coal Corporation ( PCX), up 22.3%, James River Coal Company ( JRCC), up 15.6%, Northern Dynasty Minerals ( NAK), up 10.3%, and China Precision Steel ( CPSL), up 9.2%, were all gainers within the metals & mining industry with Freeport-McMoRan Copper & Gold ( FCX) being today's featured metals & mining industry winner.

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).