Metals & Mining Industry's Featured Straggler Of The Day: Teck Resources Ltd (TCK)

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 ( 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 0.6%. By the end of trading, Teck Resources fell 37 cents (-1.3%) to $28.09 on average volume. Throughout the day, two million shares of Teck Resources exchanged hands as compared to its average daily volume of 1.8 million shares. The stock ranged in price between $28.08-$28.72 after having opened the day at $28.37 as compared to the previous trading day's close of $28.46. Other companies within the Metals & Mining industry that declined today were: General Moly ( GMO), down 16.6%, China Gengsheng Minerals ( CHGS), down 11.7%, Atlatsa Resources ( ATL), down 11.3%, and James River Coal Company ( JRCC), down 5.2%.
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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 has a market cap of $16.72 billion and is part of the basic materials sector. The company has a P/E ratio of 21, above the S&P 500 P/E ratio of 17.7. Shares are down 23.8% year to date as of the close of trading on Wednesday. Currently there are seven analysts that rate Teck Resources a buy, two analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Teck Resources 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, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income.

On the positive front, Cardero Resources Corporation ( CDY), up 20%, Denison Mines Corporation ( DNN), up 9.5%, McEwen Mining ( MUX), up 9.4%, and Kimber Resources ( KBX), 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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