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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.3%. By the end of trading, Teck Resources fell $0.45 (-1.6%) to $27.09 on average volume. Throughout the day, 2,288,381 shares of Teck Resources exchanged hands as compared to its average daily volume of 2,570,100 shares. The stock ranged in price between $26.94-$27.42 after having opened the day at $27.40 as compared to the previous trading day's close of $27.54. Other companies within the Metals & Mining industry that declined today were: Mines Management ( MGN), down 7.2%, McEwen Mining ( MUX), down 6.2%, International Tower Hill Mines ( THM), down 5.8% and Minco Gold Corporation ( MGH), down 4.3%.

In October 2008, TCK completed its acquisition of Fording Canadian Coal. TCK already owned 19.9% of Fording, and agreed to acquire the remainder for a combination of cash (approximately 84%) and stock. Teck Resources has a market cap of $16.2 billion and is part of the basic materials sector. Shares are down 24.2% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Teck Resources a buy, no analysts rate 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 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 feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

On the positive front, Quest Rare Minerals ( QRM), up 15.5%, Crosshair Energy ( CXZ), up 15.2%, China Gengsheng Minerals ( CHGS), up 10.0% and Lake Shore Gold ( LSG), up 9.6% , were all gainers within the metals & mining industry with Goldcorp ( GG) 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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