NEW YORK (TheStreet) -- Shares of Barrick Gold (ABX) are climbing 1.94% to $10.52 in midday trading Tuesday, as gold prices rally on a softer dollar and equities, distancing itself from its three-week low yesterday, CNBC reports.
Spot gold was last up 0.3% to $1,178.90 an ounce, after having fallen 2% in the previous session, hitting its lowest level since Dec. 1 at $1,170.17 an ounce.
U.S. gold futures for February delivery is slightly down 0.18% to $1,177.70 an ounce as of 12:04 p.m. ET today.
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A weaker greenback makes dollar-denominated gold cheaper for holders of other currencies, CNBC added.
Separately, 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."
Highlights from the analysis by TheStreet Ratings Team goes as follows: