A study of analyst recommendations at the major brokerages shows that Peabody Energy Corp (BTU - Get Report) is the #13 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector. The companies listed in the Metals Channel Global Mining Titans Index are not fixed, but instead variable — updating on a continuous basis to reflect the changing market environment with respect to commodity prices, government policy and market volatility.In forming this rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the underlying components of the Metals Channel Global Mining Titans Index were ranked according to those averages. Investors often interpret analyst opinions from different angles — a popular analyst pick could mean that many sharp minds individually came to the same bullish conclusion, and therefore the stock should do well, but it could also mean that if the company stumbles, that would come as a negative surprise. From the other direction, when companies have a low rank among analysts, it isn't necessarily the case that investors should conclude that the stock will perform poorly. It can, of course, but a bullish investor could also take the contrarian angle and read into the data that there is lots of room for upside because the stock is so out of favor. According to the ETF Finder at ETF Channel, BTU makes up 4.82% of the SPDR S&P Metals & Mining ETF (XME) which is trading up by about 0.2% on the day Monday. BTU operates in the Metals & Mining sector, among companies like Rio Tinto plc (RIO) which is up about 0.8% today, and Southern Copper Corp (SCCO) trading higher by about 2%. Below is a three month price history chart comparing the stock performance of BTU, versus RIO and SCCO. BTU is currently trading up about 1.1% midday Monday.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Stocks
Replay:Jim Cramer Explains What You Should Watch When Banks Report Earnings
Jim Cramer weighs in on JPMorgan Chase's earnings, the stocks that he's got his eye on and what he's watching closely in the markets.
Google Exec: No Plans to Enter Chinese Search Market
Google confirmed that it ended a project aimed at introducing a censored search engine in China during a day of multiple Congressional hearings focused on the influence of Big Tech.
Charles Schwab Shares Pop on Second-Quarter Earnings and Revenue Beat
Clients opened almost 400,000 accounts in Q2, bringing the total at the firm to 12 million.
Complacent Market Players Keep It Chill -- as Sparks Fly All 'Round
It is still a surprisingly sedate market, despite indexes sitting close to all-time highs, earnings season, possible interest-rate cuts and endless speculation about China trade.