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 down 0.6%. By the end of trading, Agnico Eagle Mines rose $0.44 (1.4%) to $31.08 on average volume. Throughout the day, 2,998,185 shares of Agnico Eagle Mines exchanged hands as compared to its average daily volume of 2,150,800 shares. The stock ranged in a price between $30.43-$31.26 after having opened the day at $30.88 as compared to the previous trading day's close of $30.64. Other companies within the Metals & Mining industry that increased today were: China Gengsheng Minerals ( CHGS), up 20.0%, Mines Management ( MGN), up 12.3%, Minco Gold Corporation ( MGH), up 10.2% and Richmont Mines ( RIC), up 6.4%.

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 $5.5 billion and is part of the basic materials sector. The company has a P/E ratio of 42.2, above the S&P 500 P/E ratio of 17.7. Shares are up 19.9% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Agnico Eagle Mines a buy, no analysts rate it a sell, and 9 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, North American Palladium ( PAL), down 11.1%, Newmont Mining Corporation ( NEM), down 10.4%, Golden Star Resources ( GSS), down 9.0% and Timberline Resources Corporation ( TLR), down 8.0% , were all laggards within the metals & mining industry with Alcoa ( AA) 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).

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

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