Metals & Mining Stocks On The Rise With Help From 4 Stocks

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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 155 points (-1.0%) at 15,255 as of Wednesday, May 29, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 466 issues advancing vs. 2,548 declining with 68 unchanged.

The Metals & Mining industry currently sits down 0.14 versus the S&P 500, which is down 0.89.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. Agnico Eagle Mines ( AEM) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Agnico Eagle Mines is up $1.29 (4.51) to $29.89 on average volume Thus far, 1.1 million shares of Agnico Eagle Mines exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $28.53-$30.00 after having opened the day at $28.88 as compared to the previous trading day's close of $28.60.

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 $5.0 billion and is part of the basic materials sector. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7. Shares are down 45.1% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Agnico Eagle Mines a buy, no analysts rate it a sell, and 12 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 largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, weak operating cash flow and unimpressive growth in net income. Get the full Agnico Eagle Mines Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Gold Is Great Again Thanks to North Korea's Kim Jong-Un

There Is a Silver Lining for Pan American Silver

Shares of Agnico Eagle Mines Are Set to Shine

Agnico Eagle Mines Has Turned Up; Time to Go Long Again

Why I'm Still Digging Gold for Protection