Best Mining Stocks To Consider - October 17th

Key Points

• Five major mining stocks to watch include IREN, Newmont, MP Materials, Caterpillar, and Bitfarms, noted for their high trading volume recently.
• IREN Limited focuses on bitcoin mining and has significantly increased its stock value, being up 186% YTD driven by an AI pivot.
• Newmont Corporation is a prominent producer of gold and also explores for various other minerals across multiple countries.

IREN, Newmont, MP Materials, Caterpillar, and Bitfarms are the five Mining stocks to watch today, according to MarketBeat's stock screener tool. Mining stocks are shares of publicly traded companies involved in the exploration, extraction, processing, or sale of natural resources such as gold, copper, coal, and other minerals. Investors in mining stocks gain exposure to commodity prices and face company- and sector-specific risks including geological uncertainty, operational costs, regulatory and environmental issues, and geopolitical factors that can cause significant price volatility. These companies had the highest dollar trading volume of any Mining stocks within the last several days.

IREN (IREN)

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

Read Our Latest Research Report on IREN

Newmont (NEM)

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.

Read Our Latest Research Report on NEM

MP Materials (MP)

MP Materials Corp., together with its subsidiaries, produces rare earth materials. The company owns and operates the Mountain Pass Rare Earth mine and processing facility in North America. It holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals.

Read Our Latest Research Report on MP

Caterpillar (CAT)

Caterpillar Inc. manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

Read Our Latest Research Report on CAT

Bitfarms (BITF)

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada.

Read Our Latest Research Report on BITF