Agnico-Eagle Mines (AEM): Today's Featured Metals & Mining Laggard

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.

Agnico-Eagle Mines ( AEM) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 0.8%. By the end of trading, Agnico-Eagle Mines fell $1.68 (-3.5%) to $45.88 on average volume. Throughout the day, 2.1 million shares of Agnico-Eagle Mines exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in price between $45.57-$47.52 after having opened the day at $47.52 as compared to the previous trading day's close of $47.56. Other companies within the Metals & Mining industry that declined today were: Timmins Gold ( TGD), down 7%, AMCOL International Corporation ( ACO), down 6.8%, Eldorado Gold ( EGO), down 5.9%, and Nevsun Resources ( NSU), down 5.9%.
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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 $8.48 billion and is part of the basic materials sector. Shares are down 3.4% year to date as of the close of trading on Thursday. Currently there are five analysts that rate Agnico-Eagle Mines a buy, no analysts rate it a sell, and 13 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 also find weaknesses including disappointing return on equity and weak operating cash flow.

On the positive front, Ossen Innovation ( OSN), up 17.9%, Molycorp ( MCP), up 13.2%, Mountain Province Diamonds ( MDM), up 10.6%, and Gold Standard Ventures ( GSV), up 9.8%, were all gainers within the metals & mining industry with United States Steel Corporation ( X) being today's featured metals & mining industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

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