Industrial Metals & Minerals

(GMO) Rio Tinto Reaffirmed at Neutral

We reaffirmed our long-term Neutral recommendation on Rio Tinto plc (RIO) on May 22, 2013, as risk reward remains fairly balanced for the stock at this juncture.

Why the reiteration?

Rio Tinto announced...

25Aug2013 | | Comments Off on (GMO) Rio Tinto Reaffirmed at Neutral | Continued

(PVR) PVR Partners Upgraded to Neutral

On May 16, 2013, we upgraded our recommendation on PVR Partners L.P. (PVR) to Neutral from Underperform. The partnership currently has a Zacks Rank #3 (Hold).

Why the Upgrade?

There are several growth...

6Jul2013 | | Comments Off on (PVR) PVR Partners Upgraded to Neutral | Continued

(ANR) Alpha Natural Resources Loss Narrower than Expected – Widens Year Over Year

Coal producer Alpha Natural Resources (ANR) reported a loss of 47 cents per share for the first quarter of 2013, narrower than the Zacks Consensus Estimate of a loss of 58 cents. The loss per share in the quarter was however wider...

16May2013 | | Comments Off on (ANR) Alpha Natural Resources Loss Narrower than Expected – Widens Year Over Year | Continued

(WLT) Walter Energy Posts Narrower-than Expected Loss

Metallurgical coal producer Walter Energy Inc.’s (WLT) operating loss per share in the first quarter of 2013 was 64 cents, much narrower than the Zacks Consensus Estimate of a loss of 88 cents. In the year-ago quarter the company...

15May2013 | | Comments Off on (WLT) Walter Energy Posts Narrower-than Expected Loss | Continued

(NRP) Natural Resource Partners L.P. Downgraded to Neutral

On Apr 18, 2013, we downgraded our recommendation on Natural Resource Partners L.P. (NRP) to Neutral from Outperform. The owner of mineral reserve properties currently holds a Zacks Rank #3 (Hold).

Why the Downgrade?

The...

4May2013 | | Comments Off on (NRP) Natural Resource Partners L.P. Downgraded to Neutral | Continued

(ATI) Allegheny Technologies’ First Quarter View Disappoints

Allegheny Technologies Inc. (ATI) said that it envisions first-quarter 2013 profit of roughly $10 million or 9 cents per share, a sharp decline from $56.2 million or 50 cents a share earned a year ago.

The Pittsburgh-based company...

4May2013 | | Comments Off on (ATI) Allegheny Technologies’ First Quarter View Disappoints | Continued

(BTU) Peabody Energy Earnings Likely to Miss

Peabody Energy Corp. (BTU) will release its first quarter 2013 financial results before the market bell on Apr 18, 2013. In the prior quarter, this coal operator reported a negative earnings surprise of 530.77%. Peabody currently has...

3May2013 | | Comments Off on (BTU) Peabody Energy Earnings Likely to Miss | Continued

(WLT) Walter Energy Poised at Neutral

We reiterate our Neutral recommendation on Walter Energy Inc. (WLT). The premium metallurgical (met) coal export company currently has a Zacks Rank #3 (Hold).

Why the Reiteration?

Walter Energy is expected...

27Apr2013 | | Comments Off on (WLT) Walter Energy Poised at Neutral | Continued

(BHP) BHP Billiton Sells EKATI Mine Stake

The Australian mining giant, BHP Billiton Ltd. (BHP) recently completed the divestiture of its interests in EKATI Diamond Mine and Diamonds Marketing operations to Dominion Diamond Corporation (DDC)....

18Apr2013 | | Comments Off on (BHP) BHP Billiton Sells EKATI Mine Stake | Continued

(ARLP) Coal Industry Stock Outlook – April 2013 – Industry Outlook

Overview

Coal is burned as fuel or gasified to create a synthetic gas (syngas) that can then be used as feedstock for the production of chemicals, fertilizer and electric power. Coal is also used for producing heat through combustion.

Metallurgical coal or coking coal...

4Apr2013 | | Comments Off on (ARLP) Coal Industry Stock Outlook – April 2013 – Industry Outlook | Continued

(BTU) Peabody Energy Likely to Miss Earnings Forecast

Peabody Energy (BTU) will release its fourth quarter 2012 financial results before the market bell on Jan 29, 2013. In the prior quarter, this coal operator reported a 50.00% earnings surprise. Peabody currently has a Zacks Rank #5...

26Jan2013 | | Comments Off on (BTU) Peabody Energy Likely to Miss Earnings Forecast | Continued

(ANR) SunCoke Energy Ends 2012 on a Strong Note

Pure coal play SunCoke Energy Inc. (SXC) announced its production estimates for the fourth quarter and full year 2012. The favorable production can be attributed to the company’s Middletown facility in Ohio, which contributed 153...

15Jan2013 | | Comments Off on (ANR) SunCoke Energy Ends 2012 on a Strong Note | Continued

(ATI) Allegheny Technologies Inc – Bear of the Day

We are retaining our Underperform recommendation on Allegheny Technologies (ATI) following its disappointing third quarter results. Both revenues and earnings missed Zacks Consensus Estimates. Profit...

7Dec2012 | | Comments Off on (ATI) Allegheny Technologies Inc – Bear of the Day | Continued

(BTU) Coal Industry Stock Review – December 2012 – Industry Outlook

Coal is burned as fuel or gasified to create a synthetic gas (syngas) that can then be used as feedstock for the production of chemicals, fertilizer and electric power. Coal is also used for producing heat through combustion.

The U.S., Russia, Australia, China, India and South Africa have the...

4Dec2012 | | Comments Off on (BTU) Coal Industry Stock Review – December 2012 – Industry Outlook | Continued

(CNX) Consol Energy Resumes Operations in Two Coal Mines

Diversified fuel producer, Consol Energy Inc. (CNX) resumed production in Bailey and Enlow Fork Mines in southwestern Pennsylvania. The coal production was paused due to mechanical failures in the newly installed conveyor system at...

28Aug2012 | | Comments Off on (CNX) Consol Energy Resumes Operations in Two Coal Mines | Continued

(NRP) Natural Resource Partners L.P. Completes Phased Acquisition

Natural Resource Partners L.P. (NRP) completed its phased acquisition of 200 million tons of coal reserves in Deer Run Mine, Illinois from Colt LLC, a unit of Cline Group. This sixth and final leg of the planned acquisition cost the...

27Aug2012 | | Comments Off on (NRP) Natural Resource Partners L.P. Completes Phased Acquisition | Continued

(PVR) Penn Virgina Resource Partners – Bear of the Day

Penn Virgina Resource Partners (PVR) has been downgraded from Neutral to Underperform. The change in rating comes as commodity prices have fallen along with a drop in coal production and an increase in emission free resources. Penn...

21Aug2012 | | Comments Off on (PVR) Penn Virgina Resource Partners – Bear of the Day | Continued

(PVR) Penn Virginia Resource Partners – Bear of the Day

We have downgraded our recommendation to Underperform from Neutral on Penn Virginia Resource Partners LP (PVR), primarily due to lower commodity prices, a drop in coal production and increase in switching to emission free resources

18Aug2012 | | Comments Off on (PVR) Penn Virginia Resource Partners – Bear of the Day | Continued

(ACI) Coal Industry Stock Review – August 2012 – Industry Outlook

Coal has been used for nearly as long as mankind has thrived. From the times of the cavemen to the present day, coal is used for everything from cooking to heating to running steam-powered trains to generating electricity.

Today, coal is burned as fuel or gasified to create a synthetic gas...

4Aug2012 | | Comments Off on (ACI) Coal Industry Stock Review – August 2012 – Industry Outlook | Continued

(ACI) Arch Coal Incorporated – Bear of the Day

Arch Coal, Inc. (ACI) missed both our top and bottom line expectations in the first quarter of 2012, owing to increasing operations costs and lower domestic sales. We expect little abatement in the declining trend in the upcoming quarters.

Possible...

2Jul2012 | | Comments Off on (ACI) Arch Coal Incorporated – Bear of the Day | Continued

(ATI) Allegheny Technologies Retained at Neutral

We are maintaining our Neutral recommendation on diversified specialty materials producer Allegheny Technologies (ATI). Its fourth-quarter 2011 earnings per share of 31 cents missed the Zacks Consensus Estimate of 54 cents. However,...

26Apr2012 | | Comments Off on (ATI) Allegheny Technologies Retained at Neutral | Continued

(PCX) Patriot Coal Lowers Production

Bowing to the pressures of the sluggish market demand for coal, Patriot Coal Corporation (PCX) decided to lower the production of thermal coal. As a result, the company’s Freedom underground mine will remain idle. The mine, located...

25Apr2012 | | Comments Off on (PCX) Patriot Coal Lowers Production | Continued

(ACI) Coal Industry Stock Review – April 2012 – Industry Outlook

Coal has been used for nearly as long as mankind has thrived. From the times of the cavemen to present day, coal is used for everything from cooking to heating to running steam-powered trains to generating electricity.

Today, coal is burned as fuel or gasified to create a synthesis gas (syngas)...

24Apr2012 | | Comments Off on (ACI) Coal Industry Stock Review – April 2012 – Industry Outlook | Continued

(BHP) BHP Billiton – ADR – Bear of the Day

We downgrade our recommendation on BHP Billiton Ltd. – ADR (BHP) from Neutral to Underperform based on declining industrial demand on the back of sluggish economic growth in Europe and U.S. Other headwinds include competition...

21Dec2011 | | 0 comments | Continued

(BHP) Court Piles Taxes on Vale

A week ago, Australian lower house has announced the approval of tax on profit for coal and iron ore mining. The news came as a blow to BHP Billiton Ltd. (BHP), Rio Tinto plc (RIO),...

8Dec2011 | | 0 comments | Continued

(ACI) Arch Coal Incorporated – Bear of the Day

Arch Coal, Inc.’s (ACI) third quarter missed on account of the Midwestern flooding and the geological challenges in Appalachia. This was offset in part by improved metallurgical coal shipments and robust met coal pricing. Going...

2Dec2011 | | 0 comments | Continued

(CNX) CONSOL Energy Guides for a Stronger Finish

Diversified fuel producer CONSOL Energy Inc. (CNX) provided guidance for coal exports in the range of 10 to 10.5 million tons for 2011, up from the initial coal exports outlook of 10 million tons.

CONSOL Energy is quite confident...

24Sep2011 | | 0 comments | Continued

(ANR) U.S. Railroads See Coal Demand Worries

Despite the impacts of inclement weather and staggering fuel prices, U.S. Railroads saw strong momentum in the first half of 2011 primarily driven by higher coal volumes. Coal shipments, which accounted for approximately 40% of the total railway shipment, led to positive market sentiments.

However,...

23Sep2011 | | 0 comments | Continued

(NRP) Natural Resource Partners L.P. Beats Expectations – Increases Guidance

Natural Resource Partners L.P. (NRP) announced its second-quarter 2010 operating earnings of 48 cents per unit, surpassing the Zacks Consensus Estimate by 4 cents. The results of the partnership were a dime ahead of the year-ago figure.

Revenue

Total...

5Aug2011 | | 0 comments | Continued

(WLT) Walter Energy Misses on Weather Woes

Second quarter operating earnings for Walter Energy Inc. (WLT) came in at $2.36 per share, falling substantially short of the Zacks Consensus Estimate of $4.09. Such a miss stemmed from difficult geology in Alabama and weather-related...

5Aug2011 | | 0 comments | Continued