Agnico-Eagle Mines Rises On Unusually High Volume (AEM)
NEW YORK (
) --
(NYSE:
) is trading at unusually high volume Thursday with 7.1 million shares changing hands. It is currently at four times its average daily volume and trading up $2.62 (+7.6%) at $36.82 as of 2:30 p.m. ET.
Agnico-Eagle Mines has a market cap of $5.84 billion and is part of the
sector and
industry. Shares are down 5.8% year to date as of the close of trading on Wednesday.
Agnico-Eagle Mines Limited, through its subsidiaries, engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. The company primarily explores for gold, as well as silver, copper, zinc, and lead. The company has a P/E ratio of 48.4, below the average metals & mining industry P/E ratio of 50 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Agnico-Eagle Mines as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full
Agnico-Eagle Mines Ratings Report
.
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