Top Mining Stocks Worth Watching - October 2nd

Key Points

• Seven key mining stocks to watch include IREN, Caterpillar, Newmont, Freeport-McMoRan, Cipher Mining, MP Materials, and Barrick Mining, chosen for their high trading volumes recently.
• IREN Limited has experienced a 186% year-to-date rise driven by its pivot towards AI and Bitcoin mining, positioning it as a notable player in the sector.
• Barrick Gold Corporation is highlighted as a leading gold and copper producer, with a significant merger history and a major joint venture with Newmont in Nevada.

IREN, Caterpillar, Newmont, Freeport-McMoRan, Cipher Mining, MP Materials, and Barrick Mining are the seven Mining stocks to watch today, according to MarketBeat's stock screener tool. Mining stocks are shares of companies engaged in the exploration, extraction and processing of mineral and metal resources such as gold, silver, copper and rare earth elements. By holding these equities, investors gain direct exposure to commodity price fluctuations and the operational risks of the mining industry. Performance in mining stocks often correlates strongly with global economic trends, geopolitical developments and regulatory changes. 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

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

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

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

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

Barrick Mining (B)

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.   In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.

Read Our Latest Research Report on B