Best Mining Stocks Worth Watching - November 6th

Key Points

• Seven mining-related stocks to watch based on recent dollar trading volume are IREN, Caterpillar, TeraWulf, Freeport-McMoRan, Newmont, Riot Platforms, and Hut 8.
• The group spans traditional commodity producers and bitcoin-mining/data-center businesses, including companies with exposure to AI and high-performance computing infrastructure.
• Despite Friday gains, several stocks remained well below their 50-day moving averages; IREN, for example, traded at $20.73 versus its $36.25 average, while Hut 8 was at $50.88 versus $81.63.

IREN, Caterpillar, TeraWulf, Freeport-McMoRan, Newmont, Riot Platforms, and Hut 8 are the seven Mining stocks to watch today, according to MarketBeat's stock screener tool. Mining stocks are shares in companies that explore for, extract, or process natural resources such as gold, copper, or coal. Their prices can be influenced by commodity prices, production costs, and company-specific or geopolitical risks, so they may behave differently from the broader stock market. 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.

Shares of NASDAQ IREN traded up $2.70 during midday trading on Friday, reaching $20.73. 72,129,669 shares of the stock were exchanged, compared to its average volume of 44,372,438. The business has a 50-day simple moving average of $36.25 and a two-hundred day simple moving average of $43.77. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.55 and a quick ratio of 3.55. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of -8.91 and a beta of 4.33. IREN has a 12 month low of $17.16 and a 12 month high of $70.71.

Read Our Latest Research Report on IREN

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 $3.97 on Friday, hitting $557.61. The company's stock had a trading volume of 2,229,433 shares, compared to its average volume of 2,897,205. The firm has a market capitalization of $256.32 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 1.02 and a beta of 1.65. Caterpillar has a fifty-two week low of $537.08 and a fifty-two week high of $1,073.46. The company has a quick ratio of 0.88, a current ratio of 1.42 and a debt-to-equity ratio of 1.50. The firm's fifty day moving average price is $765.36 and its 200-day moving average price is $806.58.

Read Our Latest Research Report on CAT

TeraWulf (WULF)

NASDAQ WULF traded up $0.49 during trading on Friday, hitting $10.57. The stock had a trading volume of 63,012,431 shares, compared to its average volume of 33,110,355. The company's 50-day moving average price is $14.31 and its two-hundred day moving average price is $17.96. The company has a debt-to-equity ratio of 27.25, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $5.27 billion, a PE ratio of -2.36 and a beta of 4.00. TeraWulf has a 12 month low of $9.51 and a 12 month high of $29.84.

Read Our Latest Research Report on WULF

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 traded up $1.91 on Friday, hitting $59.81. 8,133,057 shares of the company were exchanged, compared to its average volume of 15,840,472. The stock's fifty day moving average is $70.23 and its 200-day moving average is $65.27. Freeport-McMoRan has a 12 month low of $38.75 and a 12 month high of $80.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 2.02. The company has a market cap of $85.89 billion, a PE ratio of 25.08, a PEG ratio of 0.58 and a beta of 1.38.

Read Our Latest Research Report on FCX

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.

Shares of NYSE:NEM traded up $1.59 during trading on Friday, hitting $121.30. 3,489,481 shares of the company were exchanged, compared to its average volume of 8,449,892. The stock has a market cap of $126.05 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 2.15 and a beta of 0.56. Newmont has a fifty-two week low of $81.34 and a fifty-two week high of $135.29. The firm has a fifty day moving average price of $119.10 and a two-hundred day moving average price of $112.47. The company has a current ratio of 2.45, a quick ratio of 2.16 and a debt-to-equity ratio of 0.15.

Read Our Latest Research Report on NEM

Riot Platforms (RIOT)

Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. The company operates through three segments: Bitcoin Mining, Data Center Hosting, and Engineering. It also provides co-location services for institutional-scale bitcoin mining companies; critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners; operation of data centers; and maintenance/management of computing capacity.

Shares of NASDAQ RIOT traded up $1.65 during trading hours on Friday, hitting $16.41. The company had a trading volume of 25,288,117 shares, compared to its average volume of 18,984,996. The stock has a market capitalization of $6.16 billion, a P/E ratio of -3.96 and a beta of 3.91. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.27. Riot Platforms has a 1-year low of $11.50 and a 1-year high of $30.32. The firm's 50 day moving average is $18.25 and its 200-day moving average is $19.32.

Read Our Latest Research Report on RIOT

Hut 8 (HUT)

Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other.

Shares of NASDAQ:HUT traded up $4.93 during midday trading on Friday, hitting $50.88. The stock had a trading volume of 6,395,561 shares, compared to its average volume of 5,053,807. The company has a market cap of $6.27 billion, a P/E ratio of -10.21 and a beta of 4.53. Hut 8 has a 12 month low of $31.67 and a 12 month high of $140.80. The business's 50-day simple moving average is $81.63 and its 200-day simple moving average is $82.21. The company has a quick ratio of 19.35, a current ratio of 19.35 and a debt-to-equity ratio of 4.22.

Read Our Latest Research Report on HUT

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