The intraday low bottomed at $13.30 – down 6.2% – with the shares ending the day slightly higher at an adjusted close price of $13.49.
“Since a recent peak in March of 2011, Peabody’s shares have lost nearly 80%,”24/7Wallst.com said.
“Only Alpha [Natural Resources](down 94%) and Arch [Coal] (down 92%) have done worse.”
Goldman downgraded Peabody to a sell rating in a report which also targeted ANR.
The investment bank said metallurgical coal stocks should be avoided.
“We recommend investors avoid sell-rated Alpha Natural Resources and Peabody Energy given high leverage and low-to-negative free cash flow,” Goldman said.
It also favoured “buy-rated SunCoke Energy, Consol Energy over weaker ones including Alpha Natural Resources, Peabody Energy”
ANR shares fell 7% on Thursday.
Peabody shares have since fared worse. They last traded at $13.29.
