Peabody has awoken from its slumber in July, including an 11% surge on Tuesday night illustrating the influence of the Chinese news. The Saint Louis based miner is set to benefit from its pivot to coking coal, in a similar move as Whitehaven (WHC). However, it will take time for investors to rerate BTU significantly higher after five incidents at longwall mines in QLD over the last five years. The company is scheduled to report its 2Q25 earnings on Thursday, July 31st.
- We like BTU as a medium term play with a test of $US30 not incomprehensible. MM holds BTU in our International Equities Portfolio.
MM is long and bullish on BTU
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