Barrick Stock Hits New 52-Week Low (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) hit a new 52-week low Wednesday as it is currently trading at $18.63, below its previous 52-week low of $18.64 with 16.6 million shares traded as of 10:46 a.m. ET. Average volume has been 12.5 million shares over the past 30 days.

Barrick has a market cap of $19.8 billion and is part of the basic materials sector and metals & mining industry. Shares are down 46.1% year to date as of the close of trading on Tuesday.

Barrick Gold Corporation engages in the production and sale of gold and copper. It is also involved in exploration and mine development activities.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 52-week low stocks 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.
null

If you liked this article you might like

How to Trade Red-Hot Gold While Everyone Obsesses Over Bitcoin

Barrick Gold Glitters Enough to Draw Buyers

Little Reason to Buy, Plenty for Concern

If There's a Rally, It Won't Last Long