Top Mining Stocks To Follow Today - October 24th

Key Points

• Five mining stocks—IREN, Newmont, Cipher Mining, MP Materials, and Caterpillar—are highlighted as the most watched due to their recent high trading volumes.
• IREN Limited, previously Iris Energy Limited, focuses on bitcoin mining and is noted for its significant year-to-date growth of 186% through its AI initiatives.
• MP Materials is the leading producer of rare earth materials in North America, owning and operating the Mountain Pass Rare Earth mine and processing facility.

IREN, Newmont, Cipher Mining, MP Materials, and Caterpillar are the five Mining stocks to watch today, according to MarketBeat's stock screener tool. Mining stocks are shares of companies that explore for, develop, and produce mined commodities such as gold, copper, coal, lithium and other metals and minerals. For investors they offer exposure to commodity prices and cyclical demand, often with higher volatility and added operational, regulatory, environmental and geopolitical risks compared with many other sectors. 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

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

Cipher Mining (CIFR)

Read Our Latest Research Report on CIFR

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