NEW YORK (

TheStreet

) --

Minefinders

(AMEX:

MFN

) hit a new 52-week high Thursday as it traded at $13.10 compared with its previous 52-Week high of $13.09. Minefinders is changing hands at $13.08 with 44,127 shares traded as of 9:46 a.m. ET. Average volume has been 701,200 shares over the past 30 days.

Minefinders has a market cap of $1 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are up 16.9% year to date as of the close of trading on Wednesday.

Minefinders Corporation Ltd. engages in the exploration, development, and mining of precious and base metal properties in Mexico and the United States. The company has a P/E ratio of 141.3, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates Minefinders as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full

Minefinders Ratings Report

.

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