Latest on the Steel, Energy and Mining Stocks: Complementary Research on ArcelorMittal,Peabody Energy, Newmont Mining, Penn West Petroleum and Denbury Resources

NEW YORK, April 20, 2015 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom. 

Moments ago, Analysts Review released new research updates concerning several important developing situations including ArcelorMittal SA (NYSE: MT), Peabody Energy Corporation (NYSE: BTU), Newmont Mining Corporation (NYSE: NEM), Penn West Petroleum Ltd (NYSE: PWE), and Denbury Resources Inc. (NYSE: DNR). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.

To access our full PDF reports on a complementary basis, please visit the links below.

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Today's update concerns the following companies:

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Full PDF Download Links (you may have to copy and paste the following links into your browser):

MT Research Report: ( http://get.analystsreview.com/pdf/?c=ArcelorMittal&d=20-Apr-2015&s=MT ),

BTU Research Report: ( http://get.analystsreview.com/pdf/?c=Peabody%20Energy%20Corporation&d=20-Apr-2015&s=BTU ),

NEM Research Report: ( http://get.analystsreview.com/pdf/?c=Newmont%20Mining&d=20-Apr-2015&s=NEM ),

PWE Research Report: ( http://get.analystsreview.com/pdf/?c=Penn%20West%20Petroleum&d=20-Apr-2015&s=PWE ),

DNR Research Report: ( http://get.analystsreview.com/pdf/?c=Denbury%20Resources&d=20-Apr-2015&s=DNR ).

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Analyst Update: Project Updates, Upcoming Earnings, and Price Movers

Reviewed by: Rohit Tuli, CFA®  

U.S. stocks tumbled on Friday as disappointing financial results of big companies weighed on investor sentiment. The Dow Jones Industrial Average lost 1.54% or 279.67 points to close at 17,826.10, its worst drop since March 25; the Nasdaq fell 1.52%, or 75.98 points, to 4,931.81, and the S&P 500 closed the session at 2,081.16, down 1.1%, or 23.81 points. Among heavy weights, American Express plunged 4.4% on Friday, reflecting weaker than expected quarterly earnings. European stocks too closed lower on Friday as fear of Greek default intensifies. Notably, Germany's DAX Index dropped 2.6%, followed by France's CAC (down 1.6%), and Britain's FTSE 100 (down 0.9%). Meanwhile, Asian markets witnessed mixed trading on Friday, with China's Shanghai Composite Index reaching its highest level since March 2008, and the Nikkei closing at a lower level.

On April 13, 2015, Zacks reported that Arcelor Mittal SA announced that Singapore's Changi airport will contain a retail and leisure complex the foundation of which will be built on ArcelorMittal steel beams that weigh 7,000 tons and range from 12 to 30.7 meters.

Peabody Energy Corp. is scheduled to release its results for the quarter ended March 31, 2015 on Thursday, April 23, 2015 at 10 a.m. CDT. In its earnings release for full-year 2014, the Company had provided its target for first quarter 2015 adjusted EBITDA of $160 million to $200 million and adjusted diluted loss per share of $0.32 to $0.39. As per Zacks Investment research, the consensus EPS estimate for the quarter is a loss of $0.33 per share.

On April 8, 2015, Newmont Mining Corp reported that it will go ahead with building the first phase of its Long Canyon gold mine in Nevada. The first phase, which consists of an open pit mine and heap leach operation, is expected to produce between 100,000 ounces and 150,000 ounces of gold a year over eight years at an estimated all-in sustaining cost of between $500 and $600 per ounce.

Penn West Petroleum Ltd's shares rose 9.8% on Wednesday, April 15, after the Canadian oil company announced that it would sell its royalty interest in some Western Canadian oil fields to Freehold Royalties for $251 million to cut debt and weather low crude prices.

Denbury Resources Inc.'s shares surged 6.5% on April 15 to close at $9.44. This resulted from a rally in oil prices for the second consecutive day as the data released by the government showed a smaller-than-expected increase in commercial crude oil stockpiles in the U.S. in the latest week, TheStreet reported.

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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.

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