SECTOR UPDATE: Coal Miners Rise After Peabody Results Beat Consensus, Predicts Recovery in U.S. Coal Market

By Staff,

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Coal mining companies are trading sharply higher after Peabody Energy ( BTU ) reported better-than-expected first-quarter earnings and predicted that the U.S. coal market will this year reclaim market share lost to natural gas. The company also predicted continuing strong demand from India and China.

Peabody Energy ( BTU ) jumped 10% to $20.87. Elsewhere, Alpha Natural Resources ( ANR ) is up 9% at $7.48. Arch Coal ( ACI ) bounced 12.5% from near year lows for the year to $5.11 and James River Coal ( JRCC ) rose 5.5% to $1.72.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: ACI , ANR , BTU , JRCC

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