Minefinders Stock Soars (MFN)

NEW YORK ( TheStreet) -- Shares of Minefinders (AMEX: MFN) have taken a tremendous swing upward. The stock is trading at $14.49 as of 9:30 a.m. ET, 27.7% above Friday's closing price of $11.35. Volume is at 500,703, 0.7 times the daily average of 715,800.

Minefinders has a market cap of $951.7 million and is part of the basic materials sector and metals & mining industry. Shares are up 7.1% year to date as of the close of trading on Friday.

Minefinders Corporation Ltd. engages in the exploration, development, and mining of precious and base metal properties. The company has a P/E ratio of 23.1, above the average metals & mining industry P/E ratio of 22.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Minefinders as a buy. 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, good cash flow from operations, expanding profit margins and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Minefinders Ratings Report.

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