Barrick Stock Falls On Unusually High Volume (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) -- Barrick Gold Corporation (NYSE: ABX) is trading at unusually high volume Friday with 15.2 million shares changing hands. It is currently at two times its average daily volume and trading down 78 cents (-2.4%) at $31.63 as of 4 p.m. ET.

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Barrick has a market cap of $31.61 billion and is part of the basic materials sector and metals & mining industry. Shares are down 9.8% year to date as of the close of trading on Thursday.

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 9.4, below the S&P 500 P/E ratio of 17.7.

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.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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