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Agnico Eagle Mines Ltd (AEM): Today's Featured Metals & Mining Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Agnico Eagle Mines ( AEM) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 1.3%. By the end of trading, Agnico Eagle Mines fell $0.48 (-1.5%) to $31.51 on average volume. Throughout the day, 1,745,895 shares of Agnico Eagle Mines exchanged hands as compared to its average daily volume of 1,718,500 shares. The stock ranged in price between $31.37-$32.76 after having opened the day at $32.08 as compared to the previous trading day's close of $31.99. Other companies within the Metals & Mining industry that declined today were: Harmony Gold Mining ( HMY), down 9.6%, Aurizon Mines ( AZK), down 9.4%, Timberline Resources Corporation ( TLR), down 7.9% and China Shen Zhou Mining & Resources ( SHZ), down 5.0%.

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Agnico-Eagle Mines Limited, through its subsidiaries, engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. It primarily explores for gold, as well as silver, copper, zinc, and lead. Agnico Eagle Mines has a market cap of $5.4 billion and is part of the basic materials sector. The company has a P/E ratio of 21.0, above the S&P 500 P/E ratio of 17.7. Shares are down 39.0% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Agnico Eagle Mines a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Agnico Eagle Mines as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and weak operating cash flow.

On the positive front, Tasman Metals ( TAS), down 11.3%, Quest Rare Minerals ( QRM), down 11.1%, Noranda Aluminum ( NOR), down 10.6% and Quaterra Resources ( QMM), down 8.5% , were all gainers within the metals & mining industry with Freeport-McMoRan Copper & Gold ( FCX) being today's featured metals & mining industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

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