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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 down 0.8%. By the end of trading, Barrick Gold Corporation fell $0.23 (-1.3%) to $16.97 on average volume. Throughout the day, 19,517,486 shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 18,970,600 shares. The stock ranged in price between $16.62-$17.53 after having opened the day at $17.12 as compared to the previous trading day's close of $17.20. Other companies within the Metals & Mining industry that declined today were: Prospect Global Resources ( PGRX), down 19.3%, Uranium Resources ( URRE), down 16.4%, Crosshair Energy ( CXZ), down 15.2% and Century Aluminum Company ( CENX), down 14.8%.

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 $17.6 billion and is part of the basic materials sector. Shares are down 50.9% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Barrick Gold Corporation a buy, no analysts rate it a sell, and 17 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, Cardero Resources Corporation ( CDY), up 19.6%, Rare Element Resources ( REE), up 11.2%, Mines Management ( MGN), up 9.4% and Quest Rare Minerals ( QRM), up 9.0% , were all gainers within the metals & mining industry with Randgold Resources ( GOLD) 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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