NEW YORK (

TheStreet

) --

Agnico-Eagle Mines

(NYSE:

AEM

) hit a new 52-week low Wednesday as it is currently trading at $34.93, below its previous 52-week low of $35.87 with 965,188 shares traded as of 12:55 p.m. ET. Average volume has been 2.3 million shares over the past 30 days.

Agnico-Eagle Mines has a market cap of $6.22 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are down 52.9% year to date as of the close of trading on Tuesday.

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 52.5, below the average metals & mining industry P/E ratio of 53.2 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Agnico-Eagle Mines as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. 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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