Mining Stocks Worth Watching - October 7th

Key Points

• IREN Limited has gained 186% YTD following its pivot towards artificial intelligence in its bitcoin mining operations.
• MP Materials Corp. specializes in producing rare earth materials and operates the Mountain Pass Rare Earth mine in North America.
• Caterpillar Inc. manufactures a range of construction and mining equipment, contributing significantly to the infrastructure sector.

IREN, MP Materials, and Caterpillar are the three Mining stocks to watch today, according to MarketBeat's stock screener tool. Mining stocks are equity shares of publicly traded companies whose primary business is the exploration, extraction and processing of mineral resources such as gold, copper, coal or other metals. By buying these shares, investors gain direct exposure to commodity price movements and the operational performance of the mining sector. While they offer the potential for significant gains when metal prices rise, mining stocks also carry risks from volatile commodity markets, regulatory changes and high capital‐intensive costs. 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.

Read Our Latest Research Report on IREN

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.

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.

Read Our Latest Research Report on CAT