Top Mining Stocks Worth Watching - September 29th

Key Points

• IREN Limited is a notable bitcoin mining company experiencing significant growth, having risen 186% year-to-date due to its pivot towards AI technology.
• Barrick Gold Corporation is highlighted as a leading gold and copper producer, having merged with Randgold Resources and formed a joint venture with Newmont in Nevada.
• MP Materials Corp. focuses on producing rare earth materials and operates the Mountain Pass Rare Earth mine in North America, emphasizing its strategic importance in the market.

IREN, Barrick Mining, Freeport-McMoRan, Newmont, and MP Materials are the five Mining stocks to watch today, according to MarketBeat's stock screener tool. Mining stocks are shares of publicly traded companies engaged in the exploration, extraction and processing of mineral resources such as gold, copper, coal and other commodities. Their performance tends to track global commodity prices and can be more volatile than broader market indices due to factors like resource discoveries, production costs and changes in demand or regulatory conditions. 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

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

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

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

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