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.
) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Teck Resources fell $0.40 (-1.6%) to $23.83 on average volume. Throughout the day, 2,807,879 shares of Teck Resources exchanged hands as compared to its average daily volume of 2,031,600 shares. The stock ranged in price between $23.72-$24.38 after having opened the day at $24.32 as compared to the previous trading day's close of $24.23. Other companies within the Metals & Mining industry that declined today were:
), down 7.3%,
), down 6.9%,
), down 6.9% and
), down 6.9%.
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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 $14.0 billion and is part of the basic materials sector. The company has a P/E ratio of 23.1, above the S&P 500 P/E ratio of 17.7. Shares are down 33.3% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Teck Resources a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, 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, disappointing return on equity and feeble growth in the company's earnings per share.
- You can view the full Teck Resources Ratings Report.
On the positive front,
), up 63.1%,
), up 5.9%,
), up 5.5% and
), up 5.5% , 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.
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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
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