Teck Resources Ltd (TCK): Today's Featured Metals & Mining Laggard
(
) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 2.3%. By the end of trading, Teck Resources fell $0.77 (-3.6%) to $20.54 on average volume. Throughout the day, 2,849,811 shares of Teck Resources exchanged hands as compared to its average daily volume of 3,248,100 shares. The stock ranged in price between $20.28-$21.34 after having opened the day at $21.34 as compared to the previous trading day's close of $21.31. Other companies within the Metals & Mining industry that declined today were:
(
), down 29.8%,
(
), down 27.5%,
(
), down 26.7% and
(
), down 13.4%.
Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in the Americas, Asia Pacific, Europe, and Africa. Teck Resources has a market cap of $12.1 billion and is part of the basic materials sector. The company has a P/E ratio of 14.5, below the S&P 500 P/E ratio of 17.7. Shares are down 41.2% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Teck Resources a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Teck Resources
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity.
- You can view the full Teck Resources Ratings Report.
On the positive front,
(
), up 24.5%,
(
), up 9.1%,
United States Steel Corporation
(
), up 8.3% and
(
), up 6.8% , were all gainers within the metals & mining industry with
(
) being today's featured metals & mining industry leader.
- Use our metals & mining section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider
(
) while those bearish on the metals & mining industry could consider
PowerShares DB Base Metals Sht ETN
(
).
- Find other investment ideas from our top rated ETFs lists.
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