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

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 2.3%. By the end of trading, Teck Resources fell $0.77 (-3.6%) to $20.54 on average volume. Throughout the day, 2,849,811 shares of Teck Resources exchanged hands as compared to its average daily volume of 3,248,100 shares. The stock ranged in price between $20.28-$21.34 after having opened the day at $21.34 as compared to the previous trading day's close of $21.31. Other companies within the Metals & Mining industry that declined today were: Asanko Gold ( AKG), down 29.8%, Cardero Resources Corporation ( CDY), down 27.5%, China Gengsheng Minerals ( CHGS), down 26.7% and Minco Gold Corporation ( MGH), down 13.4%.

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 $12.1 billion and is part of the basic materials sector. The company has a P/E ratio of 14.5, below the S&P 500 P/E ratio of 17.7. Shares are down 41.2% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Teck Resources a buy, 1 analyst rates it a sell, and 7 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, China Natural Resources ( CHNR), up 24.5%, Tenaris ( TS), up 9.1%, United States Steel Corporation ( X), up 8.3% and L & L Energy ( LLEN), up 6.8% , were all gainers within the metals & mining industry with Cliffs Natural Resources ( CLF) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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