SOURCE: The Bedford Report

The Bedford Report

August 31, 2010 09:30 ET

Analyst Reports on Teck Resources (NYSE: TCK) & Peabody Energy (NYSE: BTU) - Bedford Looks at Industrial Metals & Minerals Industry

Note to Editors: The Following Is an Investment Opinion Being Issued by The Bedford Report.

TORONTO--(Marketwire - August 31, 2010) -  The Bedford Report analyst team is looking at the Industrial Metals & Minerals Industry and has issued Analyst Reports on Teck Resources Limited (NYSE: TCK) and Peabody Energy Corporation (NYSE: BTU). Access to the full company reports can be found at www.bedfordreport.com.

In recent industry news BHP Billiton has made waves with an attempt for a hostile takeover of Potash Corporation of Saskatchewan Inc. (NYSE: POT), which Potash Corporation is attempting to defend itself against. The takeover attempt is taken as a sign that BHP Billiton expects already high crop prices to continue to rise on expected growth in demand for food in future years. Potash is a fertilizer widely used to increase crop yields.

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In recent quarterly financial results, Teck Resources reported a Net Income of C$260 million and Earnings per Share of C$0.44, a 54% drop from a year ago. Revenue for the company increased from C$1.7 billion to C$2.1 billion. Average analyst estimates for the company rate the stock as a buy. Peabody Energy last reported a quarterly operating income increase of %51 to $324 million and Earnings per Share of $0.76. Average analyst estimates for the company rate the stock as a buy.

Investors can get copies of the full analyst reports on Teck Resources and Peabody Energy by registering for free at www.bedfordreport.com.

The Bedford Report has not been compensated by any of the above mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.bedfordreport.com/disclaimer.php

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