Barrick Gold Corporation (ABX): Today's Featured Metals & Mining Laggard

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 up 0.1%. By the end of trading, Barrick Gold Corporation fell $0.52 (-2.7%) to $18.90 on light volume. Throughout the day, 13,535,978 shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 18,966,800 shares. The stock ranged in price between $18.74-$19.34 after having opened the day at $19.30 as compared to the previous trading day's close of $19.42. Other companies within the Metals & Mining industry that declined today were: Crosshair Energy ( CXZ), down 18.4%, Banro Corporation ( BAA), down 9.9%, China Gerui Advanced Materials Group ( CHOP), down 7.8% and Kimber Resources ( KBX), down 7.8%.
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Barrick Gold Corporation engages in the production and sale of gold and copper. It is also involved in exploration and mine development activities. Barrick Gold Corporation has a market cap of $19.5 billion and is part of the basic materials sector. Shares are down 44.5% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Barrick Gold Corporation a buy, no analysts rate it a sell, and 13 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 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 feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow.

On the positive front, Prospect Global Resources ( PGRX), down 59.9%, China Gengsheng Minerals ( CHGS), down 26.7%, Cardero Resources Corporation ( CDY), down 16.8% and Walter Energy ( WLT), down 16.5% , were all gainers within the metals & mining industry with Cliffs Natural Resources ( CLF) 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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