Barrick Stock To Go Ex-dividend Tomorrow (ABX)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Barrick Gold Corporation (NYSE: ABX) is tomorrow, November 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $35.11 as of 9:31 a.m. ET, the dividend yield is 2.3%.

The average volume for Barrick has been eight million shares per day over the past 30 days. Barrick has a market cap of $35.56 billion and is part of the basic materials sector and metals & mining industry. Shares are down 21.5% year to date as of the close of trading on Monday.

Barrick Gold Corporation engages in the production and sale of gold and copper. The company has a portfolio of 27 operating mines, and exploration and development projects located in North America, South America, the Australia Pacific region, and Africa. The company has a P/E ratio of 10.6, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Barrick as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and deteriorating net income. You can view the full Barrick Ratings Report.

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