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Peabody Energy Corp ’s (NYSE:BTU) Chief Accounting Officer and Corporate Secretary, Scott T. Jarboe, reported a sale of 2,018 shares of common stock, according to a recent SEC filing. The $1.56 billion market cap coal producer currently maintains a "GOOD" financial health rating according to InvestingPro analysis. The shares were sold at a price of $14.22 each, amounting to a total transaction value of $28,695. Following this transaction, Jarboe retains ownership of 77,619 shares in the company. The sale was executed under a Rule 10b5-1 trading plan that Jarboe adopted on December 2, 2024. With the stock currently trading at $12.87 and showing a P/E ratio of 4.4x, InvestingPro analysis suggests the stock is currently undervalued, despite a challenging YTD performance of -37%. For deeper insights into BTU’s valuation and more exclusive ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Peabody Energy has been actively involved in several strategic and financial developments. The company reported the commencement of its first coal shipment from the Centurion Mine in Queensland’s Bowen Basin, marking a significant phase in its redevelopment plan. This mine is expected to begin high-volume production in March 2026, with an anticipated annual output of 4.7 million tons. Meanwhile, Peabody Energy has extended its receivables purchase agreement, pushing the facility termination date to January 18, 2028, which enhances its liquidity position.
In terms of executive management, Peabody amended the employment agreement with COO Darren R. Yeates, extending his term until January 31, 2027, with potential changes in responsibilities following the acquisition of Australian mines. Analyst activity has also been notable, with Benchmark revising Peabody’s stock price target to $26.00 while maintaining a Buy rating, reflecting confidence in the company’s long-term asset value. On the other hand, BMO Capital Markets upgraded Peabody Energy’s stock rating to Outperform, setting a price target of $22.00, citing expected improvements in profitability and free cash flow.
These developments underscore Peabody Energy’s strategic maneuvers in asset management and financial planning. The company’s ongoing initiatives, such as the Centurion Mine project and the acquisition of Anglo American (JO:AGLJ)’s metallurgical assets, are seen as pivotal to its future growth prospects. Investors and stakeholders are closely watching these moves, which are anticipated to influence Peabody’s financial trajectory positively.
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