Teck Resources Ltd Class B (TCK): Today's Featured Metals & Mining Laggard

Teck Resources Ltd Class B ( TCK) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 1.1%. By the end of trading, Teck Resources Ltd Class B fell $1.94 (-6.8%) to $26.82 on heavy volume. Throughout the day, 6.3 million shares of Teck Resources Ltd Class B exchanged hands as compared to its average daily volume of 2.8 million shares. The stock ranged in price between $26.41-$28.59 after having opened the day at $28.56 as compared to the previous trading day's close of $28.76. Other company's within the Metals & Mining industry that declined today were: James River Coal Company ( JRCC), down 13.2%, Peabody Energy Corporation ( BTU), down 7.3%, China Shen Zhou Mining & Resources ( SHZ), down 6.8%, and Consol Energy ( CNX), down 5.5%.

Teck Resources Limited operates as a diversified mining, mineral processing, and metallurgical company. It is involved in exploring, developing, smelting, refining, safety, environmental protecting, product stewardship, recycling, and researching activities. Teck Resources Ltd Class B has a market cap of $17.4 billion and is part of the basic materials sector. The company has a P/E ratio of 6.6, below the average metals & mining industry P/E ratio of 7.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 18.3% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Teck Resources Ltd Class B a buy, one analyst rates it a sell, and two rate it a hold.

TheStreet Ratings rates Teck Resources Ltd Class B as a buy. 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, attractive valuation levels, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Quest Rare Minerals ( QRM), up 10.8%, Jaguar Mining ( JAG), up 10.4%, Nevsun Resources ( NSU), up 10%, and Fortuna Silver Mines ( FSM), up 9.1%, were all gainers within the metals & mining industry with Newmont Mining Corporation ( NEM) being today's featured metals & mining industry leader.

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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