Best Mining Stocks To Follow Now - August 12th

Key Points

• ServiceNow, Berkshire Hathaway, MP Materials, Caterpillar, and Freeport-McMoRan are highlighted as top mining stocks to watch, based on their recent trading volumes and market performances.
• Berkshire Hathaway has a market capitalization of $1.02 trillion and traded up to $471.18 recently, while maintaining a relatively stable P/E ratio of 16.15.
• MP Materials focuses on rare earth materials and reached $72.89, with significant trading volume indicating increased investor interest.

ServiceNow, Berkshire Hathaway, MP Materials, Caterpillar, and Freeport-McMoRan are the five Mining stocks to watch today, according to MarketBeat's stock screener tool. Mining stocks are shares of publicly traded companies that explore for, develop and extract mineral and metal resources such as gold, copper, coal and iron ore. By holding these equities, investors gain exposure to commodity price movements, production costs and potential resource discoveries. Because their profits depend heavily on global demand, operational challenges and geopolitical factors, mining stocks often exhibit pronounced cyclical volatility. These companies had the highest dollar trading volume of any Mining stocks within the last several days.

ServiceNow (NOW)

ServiceNow, Inc. provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.

NOW traded down $1.07 on Tuesday, hitting $855.30. 1,537,164 shares of the stock traded hands, compared to its average volume of 1,695,266. ServiceNow has a 52 week low of $678.66 and a 52 week high of $1,198.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $177.90 billion, a PE ratio of 107.75, a P/E/G ratio of 3.93 and a beta of 0.93. The business has a fifty day moving average price of $979.82 and a two-hundred day moving average price of $940.29.

Read Our Latest Research Report on NOW

Berkshire Hathaway (BRK.B)

Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets.

NYSE BRK.B traded up $6.45 during trading on Tuesday, reaching $471.18. 1,902,192 shares of the company traded hands, compared to its average volume of 4,879,352. The stock's 50 day moving average price is $480.69 and its two-hundred day moving average price is $497.08. The company has a market cap of $1.02 trillion, a price-to-earnings ratio of 16.15, a P/E/G ratio of 3.24 and a beta of 0.81. Berkshire Hathaway has a 1-year low of $425.90 and a 1-year high of $542.07.

Read Our Latest Research Report on BRK.B

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.

NYSE MP traded up $0.20 during trading on Tuesday, reaching $72.89. 8,309,797 shares of the company traded hands, compared to its average volume of 9,198,101. The company has a market cap of $11.92 billion, a price-to-earnings ratio of -115.87 and a beta of 2.30. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.12 and a current ratio of 3.60. MP Materials has a 1-year low of $11.08 and a 1-year high of $82.50. The stock's 50 day moving average price is $45.24 and its two-hundred day moving average price is $31.19.

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.

Shares of CAT traded up $6.05 on Tuesday, hitting $414.59. The company's stock had a trading volume of 1,141,590 shares, compared to its average volume of 2,731,310. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. The company has a 50 day moving average price of $394.65 and a 200 day moving average price of $355.11. Caterpillar has a fifty-two week low of $267.30 and a fifty-two week high of $441.15. The company has a market capitalization of $194.23 billion, a PE ratio of 21.10, a PEG ratio of 2.47 and a beta of 1.40.

Read Our Latest Research Report on CAT

Freeport-McMoRan (FCX)

Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile.

FCX stock traded up $0.84 during trading on Tuesday, hitting $42.30. The company had a trading volume of 6,687,980 shares, compared to its average volume of 16,000,520. The company has a quick ratio of 1.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $42.91 and a 200-day moving average price of $39.09. Freeport-McMoRan has a 12 month low of $27.66 and a 12 month high of $52.61. The stock has a market cap of $60.79 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 0.77 and a beta of 1.63.

Read Our Latest Research Report on FCX

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