NEW YORK (TheStreet) -- Shares of Barrick Gold (ABX) were lower in late-morning trading Wednesday alongside gold prices ahead of the release of minutes from the Federal Reserve's most recent meeting.

For December delivery, gold was declining 0.07% to $1,255 per ounce on the COMEX this morning. 

Analysts project that minutes from the central bank's September meeting, which are due out at 2 PM EDT, will strengthen expectations for a December interest rate hike, the Wall Street Journal reports.

"I suspect that the minutes will just reinforce the probability of a December rise and as such, we may see some pressure on the precious complex later today," David Govett, head of precious metals at Marex Spectron, told the newspaper.

The precious metal is non-interest paying and can have difficulty competing with assets that bear a yield when interest rates are raised.

Additionally, gold was pressured by a higher dollar this morning. The metal is more expensive to investors abroad when the greenback is stronger.

Barrick is a Toronto-based company engaged in the production and sale of gold.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and increase in net income.

But the team also finds weaknesses including generally higher debt management risk and disappointing return on equity.

Recently, 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 articles's author.

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