Agnico-Eagle Mines Stock Falls On Unusually High Volume (AEM)

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.

NEW YORK ( TheStreet) -- Agnico-Eagle Mines (NYSE: AEM) is trading at unusually high volume Monday with 2.8 million shares changing hands. It is currently at two times its average daily volume and trading down $2.56 (-7.2%) at $33.08 as of 12:36 p.m. ET.

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Agnico-Eagle Mines has a market cap of $6.68 billion and is part of the basic materials sector and metals & mining industry. Shares are down 32% year to date as of the close of trading on Friday.

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. The company has a P/E ratio of 21.4, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Agnico-Eagle Mines as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, 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 we feel that the company's cash flow from its operations has been weak overall. You can view the full Agnico-Eagle Mines Ratings Report.

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