NEW YORK (

TheStreet

) --

Minefinders

(AMEX:

MFN

) hit a new 52-week high Thursday as it is currently trading at $17.24, above its previous 52-week high of $17.04 with 381,521 shares traded as of 10:01 a.m. ET. Average volume has been 798,300 shares over the past 30 days.

Minefinders has a market cap of $1.3 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are up 53.5% year to date as of the close of trading on Wednesday.

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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 178.4, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 16.9.

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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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