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10 Mining Stocks With Strong Buy Ratings: Updated

Editor's Notes: Charts and text have been updated with Thursday's close.

NEW YORK ( TheStreet) -- Posco (PKX), MAG Silver (MVG), Sterlite Industries (SLT), Puda Coal (PUDA), Steel Dynamics (STLD), Barrick Gold (ABX - Get Report), Peabody Energy (BTU), VALE (VALE - Get Report), Rio Tinto (RIO) and GoldCorp (GG - Get Report) received analyst buy ratings in the range of 79%-100%. These stocks have an upside potential of up to 71%, based on analysts' consensus estimates of 12-month price targets.

Base metals kicked off to a good start this week due to heavy stocking and strong industrial demand. A descent in HSBC Flash China Manufacturing Purchasing Managers' Index in February to seven-month lows could alleviate inflationary pressures and push demand revival. Demand surge for commodities worldwide ensured upswings in most metal prices. Besides, a recovery in developed economies and a sustained push from emerging markets would augur well for mining companies.

We have identified 10 mining stocks that received average analysts' buy ratings of 90%, while Posco, Sterlite, Puda and Mag Silver have 100% buy ratings. Analysts foresee further upsides from present levels. The selected stocks have the potential to deliver 18%-71% return over the next one year and have been picked from U.K., China, India, Canada, the U.S. and Brazil.

The stocks are stacked in terms of upside, great to greatest.
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SYM TRADE IT LAST %CHG
PUDA $0.00 0.00%
ABX $10.57 0.00%
GGB $2.25 0.00%
GG $16.18 0.00%
MVG $7.93 0.00%

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DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

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