Agnico Eagle Mines Ltd (AEM): Today's Featured Metals & Mining Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Agnico Eagle Mines ( AEM) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day up 0.9%. By the end of trading, Agnico Eagle Mines rose $1.36 (5.0%) to $28.62 on heavy volume. Throughout the day, 3,470,875 shares of Agnico Eagle Mines exchanged hands as compared to its average daily volume of 2,072,500 shares. The stock ranged in a price between $27.30-$28.65 after having opened the day at $27.44 as compared to the previous trading day's close of $27.26. Other companies within the Metals & Mining industry that increased today were: Fortuna Silver Mines ( FSM), up 13.4%, Rubicon Minerals ( RBY), up 10.9%, Timmins Gold ( TGD), up 10.4% and Iamgold ( IAG), up 9.4%.

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 $4.5 billion and is part of the basic materials sector. The company has a P/E ratio of 34.7, above the S&P 500 P/E ratio of 17.7. Shares are up 3.3% year to date as of the close of trading on Friday. Currently there are 5 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 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, unimpressive growth in net income and weak operating cash flow.

On the negative front, Prospect Global Resources ( PGRX), down 10.8%, US Silica Holdings ( SLCA), down 7.5%, Banro Corporation ( BAA), down 5.9% and Kingold Jewelry ( KGJI), down 5.4% , were all laggards within the metals & mining industry with Nucor ( NUE) being today's metals & mining industry laggard.

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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