Peabody Energy Corporation(NYSE:BTU) surges to market lead


Dallas, Texas 11/12/2013 (Financialstrend) – Peabody Energy Corporation (NYSE:BTU) has noted on the good performance at the stock market at the end of closing on Nov 11.

The company continues to surge ahead on fundamentals, despite the announcement of the exit of its Executive Vice President – Eric Ford. The Vice President is expected to retire on Jan 31, 2014, after a long and illustrious career of 40 years. In his tenure he has seen the growth and evolution of the mining sector both within the country as well as globally.

Giving true credit to where it is due, Chairman and Chief Executive Gregory H.Boyce, from Australian operations said that, he has seen the transition.  The company has also shown that safety record performance is well evolved and also indicates an operational excellence as well as the cost of improvements.

Ford has been at the helm at Peabody at various posts, ever since he joined it in 2007. It is expected that Peabody will continue to be in a consultancy position until 2014.

Peabody Energy is one of the leading private segment coal companies, and has moved to the leader board for mining as well as clean solutions for coal.

Peabody Energy also works in the metallurgical segments, providing high quality coal to clients located within the N.American continent as well global clientele located in more than 25 countries.

Currently, Peabody has a market price of $20.78, at the end of Nov 11 trading. The stock prices have ranged between $20.69 and $21.28. However, the company has 52-week $14.34 to $28.75. The company also has also posted good average volumes at 6.7million. The market cap for this coal mine major is $5.61 billion. The company has recorded beta of 1.49. Other mining companies such as ACI and ANR showed good performance recording 0.23% and 0.50% respectively.

Peabody Energy Corporation already has a good presence in Middlemount mine in Australia, Venezula. Besides, its wide-range of mining, transportation as well as export ventures that includes joint investments which are related to commercialization of energy.