Teck Resources Ltd (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 ( 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 0.5%. By the end of trading, Teck Resources fell $0.83 (-2.9%) to $27.58 on average volume. Throughout the day, 2,417,626 shares of Teck Resources exchanged hands as compared to its average daily volume of 2,849,400 shares. The stock ranged in price between $27.37-$28.28 after having opened the day at $28.26 as compared to the previous trading day's close of $28.41. Other companies within the Metals & Mining industry that declined today were: Prospect Global Resources ( PGRX), down 13.3%, Kimber Resources ( KBX), down 7.9%, China Natural Resources ( CHNR), down 7.4% and Minco Gold Corporation ( MGH), down 7.2%.
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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 $16.6 billion and is part of the basic materials sector. The company has a P/E ratio of 19.8, above the S&P 500 P/E ratio of 17.7. Shares are down 21.8% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Teck Resources a buy, 1 analyst rates it a sell, and 6 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 increase in net income, 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 and disappointing return on equity.

On the positive front, Crosshair Energy ( CXZ), down 17.6%, China Gerui Advanced Materials Group ( CHOP), down 12.6%, Quaterra Resources ( QMM), down 8.4% and Cardero Resources Corporation ( CDY), down 8.2% , were all gainers within the metals & mining industry with Tenaris ( TS) 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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