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 Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.1%. By the end of trading, Barrick Gold Corporation rose $1.08 (5.8%) to $19.81 on heavy volume. Throughout the day, 30,952,375 shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 18,644,400 shares. The stock ranged in a price between $18.37-$19.88 after having opened the day at $18.49 as compared to the previous trading day's close of $18.73. Other companies within the Basic Materials sector that increased today were: WSP Holdings ( WH), up 34.6%, Cardero Resources Corporation ( CDY), up 21.5%, Golden Star Resources ( GSS), up 19.5% and Vista Gold Corporation ( VGZ), up 17.4%.
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 $17.8 billion and is part of the metals & mining industry. Shares are down 46.5% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Barrick Gold Corporation a buy, no analysts rate it a sell, and 16 rate it a hold. TheStreet Ratings rates Barrick Gold Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, generally high debt management risk, disappointing return on equity and generally disappointing historical performance in the stock itself.