Barrick Gold Corporation (ABX): Today's Featured Basic Materials Laggard

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Barrick Gold Corporation ( ABX) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 1.2%. By the end of trading, Barrick Gold Corporation fell $0.59 (-2.9%) to $19.77 on average volume. Throughout the day, 14,010,670 shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 15,591,800 shares. The stock ranged in price between $19.68-$20.66 after having opened the day at $20.32 as compared to the previous trading day's close of $20.36. Other companies within the Basic Materials sector that declined today were: SM Energy ( SM), down 17.1%, Great Panther Silver ( GPL), down 12.9%, USEC ( USU), down 10.9% and Mines Management ( MGN), down 9.9%.

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 $23.7 billion and is part of the metals & mining industry. Shares are up 15.5% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Barrick Gold Corporation a buy, 1 analyst rates it a sell, and 14 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 disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.

On the positive front, Nabors Industries ( NBR), up 13.3%, China Petroleum & Chemical Corporation ( SNP), up 8.4%, U.S. Energy ( USEG), up 7.0% and Blackhawk Network Holdings ( HAWK), up 6.9% , were all gainers within the basic materials sector with Canadian Natural Resources ( CNQ) being today's featured basic materials sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

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