Mining Stocks To Watch Today - November 8th

Key Points

• MarketBeat’s seven mining stocks to watch are Caterpillar, IREN, TeraWulf, Freeport-McMoRan, Newmont, Riot Platforms, and Coeur Mining, selected for their high recent dollar trading volume.
• The list spans traditional miners and mining-equipment companies as well as Bitcoin miners, giving it exposure to commodities including copper, gold, and silver alongside crypto mining.
• All seven stocks were reported higher on Friday, though several remained well below their 50-day averages; IREN and TeraWulf also posted especially high trading volumes relative to their averages.

Caterpillar, IREN, TeraWulf, Freeport-McMoRan, Newmont, Riot Platforms, and Coeur Mining are the seven Mining stocks to watch today, according to MarketBeat's stock screener tool. Mining stocks are shares in publicly traded companies that explore for, extract, or process minerals and metals such as gold, copper, or iron ore. Their prices can be affected by commodity prices, production costs, and company-specific risks, so they offer investors exposure to the mining industry. These companies had the highest dollar trading volume of any Mining stocks within the last several days.

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 Caterpillar stock traded up $5.68 during trading hours on Friday, reaching $559.32. 4,786,353 shares of the company's stock were exchanged, compared to its average volume of 3,674,027. The business has a fifty day moving average of $760.19 and a two-hundred day moving average of $806.23. The company has a market capitalization of $255.94 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 0.96 and a beta of 1.65. The company has a quick ratio of 0.88, a current ratio of 1.42 and a debt-to-equity ratio of 1.50. Caterpillar has a 1 year low of $537.08 and a 1 year high of $1,073.46.

Read Our Latest Research Report on CAT

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 $3.61 during midday trading on Friday, hitting $21.64. The company's stock had a trading volume of 112,473,833 shares, compared to its average volume of 62,629,664. The business's 50 day simple moving average is $35.87 and its 200 day simple moving average is $43.60. The company has a debt-to-equity ratio of 1.80, a quick ratio of 3.55 and a current ratio of 3.55. The company has a market cap of $8.53 billion, a P/E ratio of -5.30 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

TeraWulf (WULF)

Shares of TeraWulf stock traded up $1.29 on Friday, hitting $11.37. 105,729,831 shares of the company were exchanged, compared to its average volume of 49,568,164. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 27.25. The company has a 50-day moving average price of $14.21 and a 200 day moving average price of $17.95. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of -3.48 and a beta of 4.00. TeraWulf has a 1-year low of $9.51 and a 1-year 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.

Shares of NYSE:FCX traded up $1.46 during midday trading on Friday, hitting $59.36. The company had a trading volume of 16,247,153 shares, compared to its average volume of 11,720,030. Freeport-McMoRan has a twelve month low of $38.75 and a twelve month high of $80.24. The stock has a market cap of $85.25 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 0.55 and a beta of 1.38. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 0.91. The business's 50-day simple moving average is $69.84 and its 200-day simple moving average is $65.27.

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.

NYSE NEM traded up $1.11 on Friday, reaching $120.82. 7,881,830 shares of the company were exchanged, compared to its average volume of 6,642,393. The business's fifty day moving average price is $118.87 and its 200 day moving average price is $112.48. The stock has a market capitalization of $125.55 billion, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 2.20 and a beta of 0.56. The company has a current ratio of 2.45, a quick ratio of 2.16 and a debt-to-equity ratio of 0.15. Newmont has a fifty-two week low of $81.34 and a fifty-two week high of $135.29.

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.

NASDAQ:RIOT traded up $1.95 during trading hours on Friday, hitting $16.71. The company had a trading volume of 44,990,345 shares, compared to its average volume of 23,984,264. Riot Platforms has a 1 year low of $11.50 and a 1 year high of $30.32. The company has a market cap of $6.27 billion, a P/E ratio of -4.04 and a beta of 3.91. The company has a 50-day moving average of $18.17 and a 200 day moving average of $19.31. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.27.

Read Our Latest Research Report on RIOT

Coeur Mining (CDE)

Coeur Mining, Inc. explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc.

Shares of NYSE CDE traded up $0.86 during trading on Friday, hitting $15.49. 42,117,813 shares of the company were exchanged, compared to its average volume of 35,709,824. Coeur Mining has a 12-month low of $12.71 and a 12-month high of $27.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.44 and a current ratio of 3.79. The company has a fifty day moving average price of $17.43 and a 200-day moving average price of $18.76. The firm has a market capitalization of $15.83 billion, a PE ratio of 17.80 and a beta of 1.46.

Read Our Latest Research Report on CDE

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