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 up 0.4%. By the end of trading, Teck Resources Ltd Class B fell 57 cents (-1.8%) to $32.06 on average volume. Throughout the day, 2.8 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 $31.68-$32.67 after having opened the day at $32 as compared to the previous trading day's close of $32.63. Other companies within the Metals & Mining industry that declined today were: Platinum Group Metal ( PLG), down 7.4%, Universal Stainless & Alloy Products ( USAP), down 6.7%, Stillwater Mining Company ( SWC), down 6.1%, and Avalon Rare Metals ( AVL), down 5.8%.
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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 $19.62 billion and is part of the basic materials sector. The company has a P/E ratio of 10.5, above the average metals & mining industry P/E ratio of 10.4 and below the S&P 500 P/E ratio of 17.7. Shares are down 7.3% year to date as of the close of trading on Monday. Currently there are eight analysts that rate Teck Resources Ltd Class B a buy, one analyst rates it a sell, and four 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.

On the positive front, Denison Mines Corporation ( DNN), up 18.6%, Northern Dynasty Minerals ( NAK), up 11.7%, Atlatsa Resources ( ATL), up 9.1%, and China Gengsheng Minerals ( CHGS), up 7.8%, were all gainers within the metals & mining industry with Silver Wheaton Corporation ( SLW) 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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