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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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 down 1.5%. By the end of trading, Teck Resources Ltd Class B fell $1.35 (-4.7%) to $27.45 on average volume. Throughout the day, 2.5 million shares of Teck Resources Ltd Class B exchanged hands as compared to its average daily volume of 2.3 million shares. The stock ranged in price between $27.41-$28.40 after having opened the day at $28.40 as compared to the previous trading day's close of $28.80. Other companies within the Metals & Mining industry that declined today were: Molycorp ( MCP), down 9.4%, Quest Rare Minerals ( QRM), down 7.5%, Golden Minerals ( AUMN), down 7.3%, and Banro Corporation ( BAA), down 7%.

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 $16.65 billion and is part of the basic materials sector. The company has a P/E ratio of 8.9, above the average metals & mining industry P/E ratio of 8.8 and below the S&P 500 P/E ratio of 17.7. Shares are down 17.9% year to date as of the close of trading on Wednesday. Currently there are nine analysts that rate Teck Resources Ltd Class B a buy, one analyst rates it a sell, and three rate it a hold.

TheStreet Ratings rates Teck Resources Ltd Class B 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, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and a generally disappointing performance in the stock itself.

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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