Best Mining Stocks To Research – November 9th

IREN, Caterpillar, TeraWulf, Newmont, BitMine Immersion Technologies, Barrick Mining, and Freeport-McMoRan are the seven Mining stocks to watch today, according to MarketBeat’s stock screener tool. Mining stocks are shares of companies that explore for, extract, or process minerals and metals such as gold, copper, or lithium. Their prices can be influenced by commodity prices, operating costs, and the risks of developing and running mines. 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.

IREN stock traded up $0.17 during midday trading on Monday, reaching $21.81. 52,857,343 shares of the stock were exchanged, compared to its average volume of 44,612,477. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.60 and a current ratio of 1.60. IREN has a 52 week low of $17.16 and a 52 week high of $70.71. The firm has a market cap of $8.59 billion, a PE ratio of -5.37 and a beta of 4.33. The company’s fifty day moving average is $35.87 and its 200-day moving average is $43.60.

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.

Shares of CAT stock traded up $35.87 during trading hours on Monday, hitting $594.50. 1,645,178 shares of the company’s stock were exchanged, compared to its average volume of 2,903,444. The company has a current ratio of 1.42, a quick ratio of 0.88 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $272.04 billion, a PE ratio of 23.33, a PEG ratio of 0.97 and a beta of 1.65. The business’s 50 day simple moving average is $760.19 and its 200-day simple moving average is $806.23. Caterpillar has a 12-month low of $537.08 and a 12-month high of $1,073.46.

TeraWulf (WULF)

Shares of WULF traded up $0.77 on Monday, reaching $12.13. The stock had a trading volume of 35,570,638 shares, compared to its average volume of 33,350,844. TeraWulf has a 12-month low of $9.51 and a 12-month high of $29.84. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of -3.72 and a beta of 4.00. The company has a 50-day simple moving average of $14.21 and a 200-day simple moving average of $17.95. The company has a debt-to-equity ratio of 27.25, a quick ratio of 0.75 and a current ratio of 0.75.

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 traded up $4.34 during trading hours on Monday, hitting $125.25. The stock had a trading volume of 2,858,997 shares, compared to its average volume of 8,444,646. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.45 and a quick ratio of 2.16. Newmont has a 12 month low of $81.34 and a 12 month high of $135.29. The firm has a market capitalization of $130.15 billion, a PE ratio of 14.56, a PEG ratio of 2.20 and a beta of 0.56. The stock has a fifty day moving average price of $118.87 and a 200 day moving average price of $112.48.

BitMine Immersion Technologies (BMNR)

BitMine Immersion Technologies Inc. focused on bitcoin mining using immersion technology. BitMine Immersion Technologies Inc. is based in ATLANTA, GA.

Shares of NYSE BMNR traded up $0.05 during mid-day trading on Monday, reaching $18.81. The company’s stock had a trading volume of 16,357,104 shares, compared to its average volume of 39,759,664. BitMine Immersion Technologies has a 52 week low of $12.80 and a 52 week high of $43.77. The stock has a fifty day moving average of $24.00 and a two-hundred day moving average of $20.77. The firm has a market capitalization of $11.35 billion, a PE ratio of 376.80 and a beta of 1.80.

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.

Shares of NYSE B traded up $1.76 during midday trading on Monday, hitting $42.32. The company’s stock had a trading volume of 6,075,283 shares, compared to its average volume of 11,927,001. The firm has a market cap of $68.93 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 1.26 and a beta of 0.52. The company has a current ratio of 3.01, a quick ratio of 2.36 and a debt-to-equity ratio of 0.13. Barrick Mining has a 12-month low of $34.03 and a 12-month high of $54.69. The business’s 50 day moving average is $41.32 and its two-hundred day moving average is $41.98.

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.

Shares of Freeport-McMoRan stock traded up $2.98 during midday trading on Monday, hitting $62.40. The company had a trading volume of 4,094,329 shares, compared to its average volume of 15,826,003. Freeport-McMoRan has a 12-month low of $38.85 and a 12-month high of $80.24. The company has a quick ratio of 0.91, a current ratio of 2.02 and a debt-to-equity ratio of 0.23. The stock has a market cap of $89.61 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 0.55 and a beta of 1.38. The company has a fifty day simple moving average of $69.84 and a 200 day simple moving average of $65.27.