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.