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Peabody Energy Comm ( (BTU) ) has provided an update.
Peabody Energy Corporation announced that Anglo American Plc has initiated arbitration proceedings following the termination of purchase agreements related to Anglo’s steelmaking coal assets. Peabody asserts that a material adverse change justified the termination and has requested the return of the remaining $46 million of the initial $75 million deposit, after Anglo returned $29 million.
The most recent analyst rating on (BTU) stock is a Hold with a $17.00 price target. To see the full list of analyst forecasts on Peabody Energy Comm stock, see the BTU Stock Forecast page.
Spark’s Take on BTU Stock
According to Spark, TipRanks’ AI Analyst, BTU is a Neutral.
Peabody Energy’s overall stock score reflects a stable financial foundation and positive earnings call guidance, tempered by valuation concerns and mixed corporate events. The company’s strong balance sheet and cash flow management are significant strengths, while challenges in certain segments and a high P/E ratio pose risks.
To see Spark’s full report on BTU stock, click here.
More about Peabody Energy Comm
Peabody Energy Corporation operates in the energy sector, focusing on coal production and supply, particularly for steelmaking purposes.
Average Trading Volume: 5,158,549
Technical Sentiment Signal: Buy
Current Market Cap: $3.44B
Find detailed analytics on BTU stock on TipRanks’ Stock Analysis page.