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International Coal Group, Inc. (ICO) [hlAlert]

Rating:
Buy ICO
up 42.89 %

International Coal Group, Inc. (ICO) rated Buy with price target $12 by Davenport

Posted on: Monday,  Apr 18, 2011  2:25 PM ET by Davenport

Davenport rated Buy International Coal Group, Inc. (NYSE: ICO) on 04/18/2011. Previously Davenport rated Buy International Coal Group, Inc. (NYSE: ICO) on
07/25/2008., when the stock price was $10.21. Since then, International Coal Group, Inc. has gained 42.90% as of 06/14/2011's recent price of $14.59.
If you would have followed the previous Davenport's recommendation on ICO, you would have gained 42.89% of your investment in 1054 days.

International Coal Group, Inc. (ICG) is a producer of coal in Northern and Central Appalachia with a range of mid to high British thermal unit (Btu), low to medium sulfur steam and metallurgical coal. The Company's Appalachian mining complexes, which include 12 of its mining complexes, are located in West Virginia, Kentucky and Maryland. It also has a complementary mining complex of mid to high sulfur steam coal located in the Illinois Basin. ICG markets its coal to a customer base of largely investment grade electric utilities, as well as domestic and international industrial customers. The Company has three business segments, which are based on the coal regions in which it operate: Central Appalachian, comprising both surface and underground mines; Northern Appalachian, comprising of both surface and underground mines, and Illinois Basin, representing one underground mine.

In response to the interests of our clients, we have developed a special strength in researching regional stocks, and we analyze one of the largest selections of these companies in our market. Our recommendations are based on painstaking assessments of a company and its industry, a thorough understanding of regional and national trends, visits to the business, and meetings with the management team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/18/2011 2:25 PM Buy
None
10.45 12.00
as of 12/30/2011
1 Week   
1 Month   
3 Months   
1 YTD up  88.50 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/1/2011 8:25 AM Buy
None
9.94 11.50
3/26/2010 3:25 PM Buy
None
4.53 6.00
7/25/2008 11:25 AM Buy
None
10.21 13.00

(*) Stock Price at the time of the recommendation.
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