Mining Stocks to Watch: MarketBeat's Top Picks
MarketBeat's stock screener tool has identified seven mining stocks to watch, based on their high dollar trading volume in recent days. These companies are IREN Limited (IREN), Caterpillar Inc. (CAT), Freeport-McMoRan Inc. (FCX), Cipher Mining (CIFR), BitMine Immersion Technologies (BMNR), AngloGold Ashanti plc (AU), and Newmont Corporation (NEM).
IREN, a company based in Sydney, Australia, owns and operates bitcoin mining data centers. Its recent $2.8 billion AI contract has changed the stock's story, according to MarketBeat.
Caterpillar is a leading manufacturer of construction and mining equipment, as well as diesel-electric locomotives. Freeport-McMoRan engages in the mining of mineral properties in North America, South America, and Indonesia, primarily exploring for copper, gold, molybdenum, silver, and other metals.
The AI boom is creating opportunities across various sectors, including semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation. MarketBeat's report highlights 10 companies positioned to benefit from the growth of artificial intelligence.