5 Stocks Dragging The Metals & Mining Industry Downward

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 53 points (-0.3%) at 16,478 as of Wednesday, Jan. 8, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,242 issues advancing vs. 1,672 declining with 178 unchanged.

The Metals & Mining industry currently sits down 0.2% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include Tenaris ( TS), down 0.9%, and POSCO ( PKX), down 0.6%.

TheStreet would like to highlight 5 stocks pushing the industry lower today:

5. Teck Resources ( TCK) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Teck Resources is down $0.33 (-1.3%) to $24.37 on average volume. Thus far, 889,090 shares of Teck Resources exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $24.31-$24.68 after having opened the day at $24.68 as compared to the previous trading day's close of $24.70.

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 $14.2 billion and is part of the basic materials sector. The company has a P/E ratio of 22.4, above the S&P 500 P/E ratio of 17.7. Shares are down 5.0% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Teck Resources a buy, no analysts rate it a sell, and 8 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 revenue growth, 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, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Teck Resources Ratings Report now.

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