Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
Peabody Energy Corporation (
BTU) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Peabody Energy Corporation fell $1.05 (-3.8%) to $26.63 on average volume. Throughout the day, 9.3 million shares of Peabody Energy Corporation exchanged hands as compared to its average daily volume of 8.4 million shares. The stock ranged in price between $26.40-$28.13 after having opened the day at $27.73 as compared to the previous trading day's close of $27.68. Other companies within the Metals & Mining industry that declined today were:
Ossen Innovation (
OSN), down 10.2%,
First Majestic Silver (
AG), down 10.2%,
Revett Minerals (
RVM), down 9.4%, and
Quaterra Resources (
QMM), down 9%.
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Peabody Energy Corporation engages in the mining of coal. It mines, prepares, and sells thermal coal to electric utilities and metallurgical coal to industrial customers. Peabody Energy Corporation has a market cap of $7.41 billion and is part of the basic materials sector. The company has a P/E ratio of 9.8, below the S&P 500 P/E ratio of 17.7. Shares are down 16.4% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Peabody Energy Corporation a buy, two analysts rate it a sell, and four rate it a hold.
TheStreet Ratings rates Peabody Energy Corporation as a
hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.
On the positive front,
Uranium Resources (
URRE), up 25.3%,
Crosshair Energy (
CXZ), up 11.1%,
Alderon Iron Ore (
AXX), up 9%, and
Atlatsa Resources (
ATL), up 8.1%, were all gainers within the metals & mining industry with
Eldorado Gold (
EGO) 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).
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