Peabody Energy Corporation (NYSE:BTU) entered into definitive sale and purchase agreement to acquire Southern area of Wards Well tenement from Stanmore Resources Limited (ASX:SMR) for $140 million on October 25, 2023. The transaction is conditional on the satisfaction of certain limited conditions precedent, including but not limited to - FIRB approval, execution of a royalty deed and associated royalty security, ministerial approval from QLD Department of Natural Resources and Mines for the sale and boundary realignment and certain other regulatory approvals and agreement in relation to infrastructure sharing arrangements between Peabody and Stanmore. The transaction is expected to close in 1H 2024.
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5-day change | 1st Jan Change | ||
22.06 USD | +2.39% | -6.74% | -9.31% |
May. 03 | B. Riley Adjusts Peabody Energy Price Target to $31 From $32, Maintains Buy Rating | MT |
May. 02 | Sector Update: Energy Stocks Advance in Late Thursday Afternoon Trading | MT |
Stocks mentioned in the article
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Capi.
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22.06 USD | +2.39% | -6.74% | 2.81B | ||
3.35 AUD | -0.59% | +2.45% | 2.01B | ||
EPS Revisions
1st Jan change | Capi. | |
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-9.31% | 2.81B | |
-4.02% | 39.65B | |
+26.22% | 35.07B | |
+17.42% | 32.86B | |
+17.25% | 20.58B | |
+11.55% | 18.99B | |
-3.51% | 8.74B | |
+6.28% | 8.24B | |
+15.69% | 7.16B | |
+26.41% | 5.71B |
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- Peabody Energy Corporation entered into definitive sale and purchase agreement to acquire Southern area of Wards Well tenement from Stanmore Resources Limited for $140 million.