Top Mining Stocks To Follow Now - November 12th

Key Points

• MarketBeat’s high-dollar-volume mining-stock watchlist includes IREN, Caterpillar, Freeport-McMoRan, TeraWulf, Newmont, BitMine Immersion Technologies, and Riot Platforms, spanning traditional mining and equipment companies as well as bitcoin miners.
• Thursday trading was mixed: Caterpillar, TeraWulf, and Riot rose, while IREN, Freeport-McMoRan, Newmont, and BitMine fell. IREN closed at $19.65, down $1.19, and Newmont at $114.61, down $3.86.
• The bitcoin-mining stocks showed substantial volatility, with betas of 3.91–4.33 for Riot, TeraWulf, and IREN; TeraWulf also reported a high debt-to-equity ratio of 5.35.

IREN, Caterpillar, Freeport-McMoRan, TeraWulf, Newmont, BitMine Immersion Technologies, and Riot Platforms 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 resources such as gold, copper, and coal. Their value can be affected by commodity prices, production costs, reserves, and operational or political risks. 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.

IREN stock traded down $1.19 during mid-day trading on Thursday, hitting $19.65. The company's stock had a trading volume of 45,632,830 shares, compared to its average volume of 45,109,121. The stock has a market capitalization of $7.74 billion, a P/E ratio of -4.82 and a beta of 4.33. IREN has a twelve month low of $17.16 and a twelve month high of $70.71. The stock's fifty day moving average price is $34.92 and its two-hundred day moving average price is $43.10. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.77.

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.

CAT stock traded up $8.13 during mid-day trading on Thursday, reaching $609.75. 1,263,240 shares of the stock traded hands, compared to its average volume of 2,914,738. Caterpillar has a 52-week low of $537.08 and a 52-week high of $1,073.46. The stock's fifty day moving average is $748.35 and its 200-day moving average is $805.55. The company has a market cap of $279.02 billion, a P/E ratio of 23.95, a P/E/G ratio of 1.01 and a beta of 1.65. The company has a current ratio of 1.42, a quick ratio of 0.88 and a debt-to-equity ratio of 1.50.

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.

Shares of Freeport-McMoRan stock traded down $0.64 during midday trading on Thursday, hitting $61.48. The company's stock had a trading volume of 6,043,801 shares, compared to its average volume of 15,766,604. Freeport-McMoRan has a 1-year low of $38.85 and a 1-year high of $80.24. The company has a quick ratio of 0.91, a current ratio of 2.02 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $88.28 billion, a P/E ratio of 25.86, a PEG ratio of 0.56 and a beta of 1.38. The stock has a 50-day simple moving average of $69.04 and a 200-day simple moving average of $65.29.

Read Our Latest Research Report on FCX

TeraWulf (WULF)

WULF traded up $0.09 on Thursday, reaching $13.45. 21,423,159 shares of the company traded hands, compared to its average volume of 33,531,902. The company has a market cap of $6.74 billion, a price-to-earnings ratio of -4.12 and a beta of 4.00. The company has a debt-to-equity ratio of 5.35, a current ratio of 0.97 and a quick ratio of 0.75. The stock's 50 day moving average price is $14.08 and its 200-day moving average price is $17.94. TeraWulf has a 52-week low of $9.51 and a 52-week high of $29.84.

Read Our Latest Research Report on WULF

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 down $3.86 during midday trading on Thursday, hitting $114.61. 2,493,852 shares of the stock were exchanged, compared to its average volume of 8,412,789. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.16 and a current ratio of 2.45. Newmont has a 52-week low of $81.34 and a 52-week high of $135.29. The business's fifty day simple moving average is $118.61 and its two-hundred day simple moving average is $112.47. The company has a market capitalization of $119.10 billion, a PE ratio of 13.34, a P/E/G ratio of 2.17 and a beta of 0.56.

Read Our Latest Research Report on NEM

BitMine Immersion Technologies (BMNR)

BitMine Immersion Technologies Inc. focused on bitcoin mining using immersion technology. BitMine Immersion Technologies Inc. is based in ATLANTA, GA.

Shares of NYSE BMNR traded down $0.36 during trading hours on Thursday, hitting $18.88. The stock had a trading volume of 13,422,286 shares, compared to its average volume of 39,641,313. The firm's 50-day moving average price is $23.67 and its two-hundred day moving average price is $20.61. BitMine Immersion Technologies has a 52 week low of $12.80 and a 52 week high of $42.08. The company has a market capitalization of $11.39 billion, a P/E ratio of -1.10 and a beta of 1.80.

Read Our Latest Research Report on BMNR

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 RIOT traded up $0.23 during trading hours on Thursday, hitting $18.51. 12,683,843 shares of the company were exchanged, compared to its average volume of 19,188,889. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.49 and a current ratio of 3.49. The company has a market cap of $6.94 billion, a PE ratio of -4.47 and a beta of 3.91. The firm's 50 day moving average is $18.14 and its 200-day moving average is $19.33. Riot Platforms has a 52 week low of $11.50 and a 52 week high of $30.32.

Read Our Latest Research Report on RIOT

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