Barrick Stock Hits New 52-Week Low (ABX)

NEW YORK ( TheStreet) -- Barrick Gold Corporation (NYSE: ABX) hit a new 52-week low Tuesday as it is currently trading at $14.62, below its previous 52-week low of $14.67 with 12 million shares traded as of 11:41 a.m. ET. Average volume has been 21.4 million shares over the past 30 days.

Barrick has a market cap of $15.76 billion and is part of the basic materials sector and metals & mining industry. Shares are down 55% year to date as of the close of trading on Monday.

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

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TheStreet Ratings rates Barrick 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. You can view the full Barrick Ratings Report.

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