NEW YORK (TheStreet) -- Barrick Gold (ABX) shares closed down 4.71% to $10.32 in intraday trading today as the gold seller and producer fell along with the price of gold futures today.
Gold experienced its worst drop in two weeks while the metal's volatility rose to its highest levels since January, according to Bloomberg. Gold's volatility gauge reached 18.4 today while gold futures for February delivery fell 1.4 percent to $1,179.80 earlier today.
Gold has experienced a precipitous decline the last two years, falling 28% in 2013 and touching a near four-year low of $1,130.40 an ounce in November.
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TheStreet Ratings team rates BARRICK GOLD CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate BARRICK GOLD CORP (ABX) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."