NEW YORK ( TheStreet) -- Peabody Energy Corporation (NYSE: BTU) hit a new 52-week high Thursday as it traded at $70.84 compared with its previous 52-Week high of $70.74. Peabody Energy is changing hands at $70.22 with 4.1 million shares traded as of 11:36 a.m. ET. Average volume has been 4.3 million shares over the past 30 days. Peabody Energy has a market cap of $17.6 billion and is part of the basic materials sector and metals & mining industry. Shares are up 5.8% year to date as of the close of trading on Wednesday. Peabody Energy Corporation, through its subsidiaries, engages in the exploration, mining, and production of coal worldwide. It owns interests in 28 coal operations located in the United States and Australia, as well as owns joint venture interests in a Venezuelan mine. The company has a P/E ratio of 22.8, below the average metals & mining industry P/E ratio of 22.9 and above the S&P 500 P/E ratio of 15.9. TheStreet Ratings rates Peabody Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Peabody Energy Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.