Top Mining Stocks To Follow Now – May 16th

Caterpillar, IREN, and Newmont 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, extraction, and production of natural resources such as gold, silver, copper, coal, and other minerals. For stock market investors, these stocks provide exposure to commodity prices and the mining industry, but they can also be volatile because their performance depends on factors like resource prices, operating costs, and geopolitical risk. 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.