NEW YORK (TheStreet) -- Shares of Barrick Gold (ABX) were gaining in late-afternoon trading on Thursday as gold prices increase on China's export data and uncertainty over the timing of an interest rate hike.
Gold for December delivery was recently up 0.46% to $1,259.60 per ounce on the COMEX.
China has released weaker-than-expected September export data, which are bolstering demand for safe-haven assets like gold.
"A bit of risk aversion would have helped gold to pick up a few dollars here and there," Societe Generale analyst Robin Bhar told the Wall Street Journal.
Additionally, minutes from last month's Federal Reserve meeting show that policy makers are divided about whether to increase rates in December.
Higher interest rates typically weigh on metals like gold that don't bear a yield.
Barrick Gold is a Canadian gold producer.
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.