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 0.5%. By the end of trading, Teck Resources fell $0.57 (-2.1%) to $26.50 on light volume. Throughout the day, 876,934 shares of Teck Resources exchanged hands as compared to its average daily volume of 2,390,600 shares. The stock ranged in price between $26.47-$27.00 after having opened the day at $26.54 as compared to the previous trading day's close of $27.07. Other companies within the Metals & Mining industry that declined today were: Materion ( MTRN), down 10.9%, Prospect Global Resources ( PGRX), down 8.0%, Minco Gold Corporation ( MGH), down 5.2% and Cardero Resources Corporation ( CDY), down 4.7%.

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 $15.5 billion and is part of the basic materials sector. Shares are down 24.7% year to date as of the close of trading on Friday. Currently there are 10 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, Allied Nevada Gold ( ANV), up 26.3%, China Gengsheng Minerals ( CHGS), up 12.5%, Rio Alto Mining ( RIOM), up 8.7% and China Natural Resources ( CHNR), up 7.2% , were all gainers within the metals & mining industry with Walter Energy ( WLT) 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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