5 Stocks Pushing The Basic Materials Sector Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 12,980 as of Tuesday, Dec. 4, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,319 issues advancing vs. 1,553 declining with 162 unchanged.

The Basic Materials sector currently sits down 0.3% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Seadrill ( SDRL), down 4.3%, Southwestern Energy Company ( SWN), down 2.2%, Pioneer Natural Resources Company ( PXD), down 1.9%, Marathon Oil ( MRO), down 1.5% and Hess ( HES), down 1.5%. Top gainers within the sector include Noble Corporation ( NE), up 3.9%, ArcelorMittal ( MT), up 2.4%, Gerdau ( GGB), up 1.7%, PetroChina ( PTR), up 1.0% and Eni SpA ( E), up 0.9%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. Agnico-Eagle Mines ( AEM) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Agnico-Eagle Mines is down $1.34 (-2.4%) to $53.77 on average volume Thus far, 660,763 shares of Agnico-Eagle Mines exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $53.60-$55.24 after having opened the day at $54.46 as compared to the previous trading day's close of $55.11.

Agnico-Eagle Mines Limited, through its subsidiaries, engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. It primarily explores for gold, as well as silver, copper, zinc, and lead. Agnico-Eagle Mines has a market cap of $9.6 billion and is part of the metals & mining industry. Shares are up 51.7% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Agnico-Eagle Mines a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Agnico-Eagle Mines as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Agnico-Eagle Mines Ratings Report now.

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