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.
Barrick Gold Corporation (
ABX) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 2.8%. By the end of trading, Barrick Gold Corporation fell $1.59 (-5.6%) to $26.70 on heavy volume. Throughout the day, 23.4 million shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 9.6 million shares. The stock ranged in price between $26.54-$28.47 after having opened the day at $28.20 as compared to the previous trading day's close of $28.29. Other companies within the Metals & Mining industry that declined today were:
Tasman Metals (
TAS), down 11.2%,
Golden Star Resources (
GSS), down 8.9%,
International Tower Hill Mines (
THM), down 8.4%, and
Almaden Minerals (
AAU), down 8.3%.
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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. Barrick Gold Corporation has a market cap of $29.05 billion and is part of the basic materials sector. Shares are down 19.2% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Barrick Gold Corporation a buy, no analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates Barrick Gold Corporation as a
hold. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.
On the positive front,
Minco Gold Corporation (
MGH), up 8.5%,
Timberline Resources Corporation (
TLR), up 6.3%,
James River Coal Company (
JRCC), up 4%, and
Tahoe Resources (
TAHO), up 3.5%, were all gainers within the metals & mining industry with
Vale (
VALE) being today's featured metals & mining industry leader.
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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