New
#11
Bad sectors can be a sign of impending doom however I've had drives that lasted for years without any further problems after low level reformatting (actually writes zeros to the whole drive while marking the bad sectors as unusable) using the drive manufacturers tools. It's pretty much a gamble though if more damaged sectors show up then replace it.
How Do I Low-Level Format a SATA or ATA (IDE) Hard Drive? | Seagate Support US
Though given how cheap Drives are these days I'd personally these days just replace it.