Free Trial

Top Mining Stocks To Keep An Eye On - February 1st

IREN logo with Finance background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat flags IREN, Freeport-McMoRan (FCX), and Caterpillar (CAT) as the top mining stocks to watch today based on the highest recent dollar trading volume; mining stocks are typically cyclical and sensitive to commodity prices and company-specific and geopolitical risks.
  • IREN Limited (formerly Iris Energy) operates bitcoin-mining data centers, offering investors crypto-mining exposure rather than traditional metal commodities.
  • Freeport-McMoRan is a large global copper and gold producer with major assets in Indonesia and the Americas, while Caterpillar provides the construction and mining equipment that benefits from mining activity and capital spending.
  • MarketBeat previews the top five stocks to own by May 1st.

IREN, Freeport-McMoRan, and Caterpillar are the three Mining stocks to watch today, according to MarketBeat's stock screener tool. Mining stocks are shares of companies involved in the exploration, development, extraction and processing of mined commodities such as gold, copper, nickel, iron ore, coal and other minerals. They give investors exposure to commodity price swings as well as company-specific factors (reserves, production costs, operational and geopolitical risks), making them typically more cyclical and volatile than broad-market equities. 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

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.

Read Our Latest Research Report on FCX

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

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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

Before you consider IREN, 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 IREN wasn't on the list.

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

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines