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Mining Stocks To Watch Now - January 4th

Caterpillar logo with Industrials background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat's screener highlights Caterpillar (CAT), IREN (bitcoin mining data centers) and Newmont (NEM) as the three mining stocks to watch today.
  • Mining stocks are closely tied to commodity prices, production results and operating costs, making them often more volatile than the broader market while offering exposure to commodity cycles and potential dividend income.
  • All three companies recorded the highest dollar trading volume among mining stocks in recent days, indicating elevated investor interest.
  • Five stocks to consider instead of Caterpillar.

Caterpillar, IREN, and Newmont are the three Mining stocks to watch today, according to MarketBeat's stock screener tool. Mining stocks are shares in companies that explore for, develop, or extract mineral resources—such as gold, silver, copper, coal, or rare earths—and trade on public exchanges. Their prices are closely tied to commodity prices, production results and operating costs, making them often more volatile than the broader market. Investors use them to gain exposure to commodity cycles, potential leveraged upside to metal prices, and sometimes dividend income from established producers. 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.

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.

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

Further Reading

Should You Invest $1,000 in Caterpillar Right Now?

Before you consider Caterpillar, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Caterpillar wasn't on the list.

While Caterpillar currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

(Almost)  Everything You Need To Know About The EV Market Cover

Looking to profit from the electric vehicle mega-trend? Click the link to see our list of which EV stocks show the most long-term potential.

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