MP Materials, Berkshire Hathaway, and Newmont are the three Mining stocks to watch today, according to MarketBeat's stock screener tool. Mining stocks are equity shares in companies that explore for, extract and process mineral and energy resources such as gold, copper, coal and oil. Their performance is closely linked to global commodity prices, geopolitical and regulatory developments, and each miner’s operational efficiency. Because of these influences, mining stocks tend to exhibit higher volatility but can offer portfolio diversification and an inflation hedge. These companies had the highest dollar trading volume of any Mining stocks within the last several days.
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.
NYSE MP traded down $0.64 during trading hours on Wednesday, hitting $57.58. 26,606,298 shares of the company's stock traded hands, compared to its average volume of 5,706,869. MP Materials has a 52-week low of $10.02 and a 52-week high of $62.87. The company has a market capitalization of $9.41 billion, a PE ratio of -88.25 and a beta of 2.26. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.12 and a quick ratio of 3.58. The firm's 50-day moving average is $28.85 and its 200-day moving average is $25.23.
Read Our Latest Research Report on MP
Berkshire Hathaway (BRK.B)
Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets.
Shares of Berkshire Hathaway stock traded up $0.44 during mid-day trading on Wednesday, hitting $470.57. The stock had a trading volume of 1,803,030 shares, compared to its average volume of 4,415,133. The firm has a 50-day moving average of $494.14 and a two-hundred day moving average of $494.54. Berkshire Hathaway has a 12-month low of $406.11 and a 12-month high of $542.07. The firm has a market cap of $1.02 trillion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 3.31 and a beta of 0.83.
Read Our Latest Research Report on BRK.B
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 NEM stock traded up $1.14 during trading hours on Wednesday, hitting $58.49. The company had a trading volume of 9,865,619 shares, compared to its average volume of 10,740,754. The company's fifty day moving average is $55.55 and its 200 day moving average is $49.28. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.98 and a quick ratio of 1.70. Newmont has a fifty-two week low of $36.86 and a fifty-two week high of $61.17. The stock has a market capitalization of $65.10 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 0.69 and a beta of 0.33.
Read Our Latest Research Report on NEM
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