NEW YORK (TheStreet) -- Barrick Gold  (ABX)  stock was removed from the "Conviction Buy" list at Goldman Sachs in a note released earlier today. 

The firm maintained its "buy" rating and $27 price target on the stock. 

"We believe there has been a visible acceleration in macro headwinds recently, negatively impacting gold prices," Goldman Sachs noted.

"However, the company's positive idiosyncratic investment thesis remains unchanged," the firm said.

Shares of the Canadian gold producer were higher in late-morning trading on Wednesday as gold for December delivery was recently up 0.32% to $1,273.80 per ounce on the COMEX.

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.

Barrick Gold's strengths such as its solid stock price performance, growth in earnings per share and increase in net income are countered by weaknesses including generally higher debt management risk and disappointing return on equity.

You can view the full analysis from the report here: ABX

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.