Barrick Stock Falls On Unusually High Volume (ABX)
Barrick Gold Corporation (NYSE:ABX) is trading at unusually high volume Friday with 21.4 million shares changing hands. It is currently at two times its average daily volume and trading down $1.56 (-6.3%).
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 21.4 million shares changing hands. It is currently at two times its average daily volume and trading down $1.56 (-6.3%) at $23.17 as of 11:41 a.m. ET.
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Barrick has a market cap of $24.49 billion and is part of the basic materials sector and metals & mining industry. Shares are down 29.4% year to date as of the close of trading on Thursday. Barrick Gold Corporation engages in the production and sale of gold and copper. It is also involved in exploration and mine development activities. TheStreet Ratings rates Barrick 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. 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. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.