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

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 1.2%. By the end of trading, Barrick Gold Corporation fell $0.46 (-2.8%) to $16.11 on average volume. Throughout the day, 19,421,306 shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 19,901,400 shares. The stock ranged in price between $15.95-$16.57 after having opened the day at $16.44 as compared to the previous trading day's close of $16.57. Other companies within the Metals & Mining industry that declined today were: Cardero Resources Corporation ( CDY), down 16.7%, Minco Gold Corporation ( MGH), down 9.0%, USEC ( USU), down 8.4% and Ossen Innovation ( OSN), down 5.8%.

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 $16.9 billion and is part of the basic materials sector. Shares are down 52.7% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Barrick Gold Corporation a buy, no analysts rate it a sell, and 14 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, Oxford Resource Partners ( OXF), up 26.2%, Golden Star Resources ( GSS), up 16.6%, Prospect Global Resources ( PGRX), up 14.4% and Lake Shore Gold ( LSG), up 11.2% , 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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