Promising Mining Stocks Worth Watching – January 3rd

Caterpillar, IREN, and Newmont are the three Mining stocks to watch today, according to MarketBeat’s stock screener tool. Mining stocks are shares of publicly traded companies that explore for, develop, and extract natural resources such as gold, silver, copper, iron ore, coal, and other minerals. For investors they offer exposure to commodity prices and potential resource discoveries, but tend to be cyclical and carry industry-specific risks including operational, regulatory, environmental, and geopolitical factors. These companies had the highest dollar trading volume of any Mining stocks within the last several days.

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.

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.

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.