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 0.7%. By the end of trading, Barrick Gold Corporation fell $0.59 (-3.2%) to $18.03 on average volume. Throughout the day, 14,004,270 shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 18,507,600 shares. The stock ranged in price between $17.85-$18.27 after having opened the day at $18.17 as compared to the previous trading day's close of $18.62. Other companies within the Metals & Mining industry that declined today were: Asanko Gold ( AKG), down 24.9%, Keegan Resources ( KGN), down 24.9%, Cardero Resources Corporation ( CDY), down 11.8% and Gold Resource ( GORO), down 10.5%.

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 $18.6 billion and is part of the basic materials sector. Shares are down 47.0% year to date as of the close of trading on Monday. Currently there are 3 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.

On the positive front, Entree Gold ( EGI), up 17.9%, Kimber Resources ( KBX), up 14.9%, Kimber Resources ( KBXR), up 14.9% and Pacific Booker Minerals ( PBM), up 13.6% , were all gainers within the metals & mining industry with ArcelorMittal ( MT) 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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