Top Gold Stocks To Keep An Eye On – March 13th

Robinhood Markets, Freeport-McMoRan, Coca-Cola, Barrick Gold, Newmont, Cadence Design Systems, and Agnico Eagle Mines are the seven Gold stocks to watch today, according to MarketBeat’s stock screener tool. Gold stocks are shares of companies that are primarily involved in the exploration, mining, and production of gold. Their performance is largely influenced by fluctuations in the price of gold as well as operational factors specific to the mining industry. Investors often view them as a way to potentially capitalize on rising gold prices or hedge against economic uncertainty. These companies had the highest dollar trading volume of any Gold stocks within the last several days.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.

HOOD traded down $2.88 during midday trading on Thursday, hitting $36.04. The company had a trading volume of 26,175,193 shares, compared to its average volume of 32,985,977. The company has a market capitalization of $31.91 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.05 and a beta of 2.14. The stock’s 50 day moving average price is $49.00 and its 200 day moving average price is $36.26. Robinhood Markets has a 52 week low of $13.98 and a 52 week high of $66.91.

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.

FCX stock traded up $0.85 during trading on Thursday, reaching $37.63. 12,787,532 shares of the stock were exchanged, compared to its average volume of 15,287,306. The firm’s 50 day moving average is $37.92 and its 200 day moving average is $42.18. The firm has a market cap of $54.07 billion, a P/E ratio of 29.29, a price-to-earnings-growth ratio of 0.87 and a beta of 1.87. The company has a current ratio of 2.42, a quick ratio of 1.18 and a debt-to-equity ratio of 0.31. Freeport-McMoRan has a twelve month low of $33.98 and a twelve month high of $55.24.

Coca-Cola (KO)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

Shares of KO traded down $0.54 during trading hours on Thursday, reaching $69.41. The stock had a trading volume of 6,567,007 shares, compared to its average volume of 14,021,475. The firm has a 50-day simple moving average of $65.87 and a 200 day simple moving average of $66.61. Coca-Cola has a 12 month low of $57.93 and a 12 month high of $73.53. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $298.51 billion, a price-to-earnings ratio of 28.11, a P/E/G ratio of 3.79 and a beta of 0.57.

Barrick Gold (GOLD)

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 GOLD stock traded up $0.41 during trading hours on Thursday, reaching $18.75. The company had a trading volume of 17,494,198 shares, compared to its average volume of 23,438,566. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.89 and a quick ratio of 2.15. The company has a market cap of $32.38 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 0.44 and a beta of 0.58. The business has a fifty day simple moving average of $17.03 and a 200-day simple moving average of $18.10. Barrick Gold has a 12 month low of $15.11 and a 12 month high of $21.35.

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.

NYSE:NEM traded up $1.77 during trading on Thursday, reaching $45.40. The company’s stock had a trading volume of 6,349,583 shares, compared to its average volume of 9,856,309. The firm has a market cap of $51.16 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. Newmont has a 12 month low of $33.29 and a 12 month high of $58.72. The firm has a 50 day moving average of $42.89 and a 200-day moving average of $45.85.

Cadence Design Systems (CDNS)

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.

CDNS traded up $1.57 during trading hours on Thursday, hitting $240.79. The stock had a trading volume of 1,131,962 shares, compared to its average volume of 1,778,847. Cadence Design Systems has a 1 year low of $230.09 and a 1 year high of $328.99. The company’s fifty day simple moving average is $284.77 and its 200 day simple moving average is $284.56. The stock has a market cap of $66.00 billion, a PE ratio of 62.50, a price-to-earnings-growth ratio of 3.88 and a beta of 1.05. The company has a quick ratio of 2.27, a current ratio of 2.93 and a debt-to-equity ratio of 0.53.

Agnico Eagle Mines (AEM)

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.

Shares of AEM stock traded up $0.96 during trading on Thursday, reaching $102.01. 1,977,561 shares of the company’s stock traded hands, compared to its average volume of 2,339,491. The firm’s 50-day moving average is $92.61 and its 200 day moving average is $85.74. The company has a market capitalization of $51.31 billion, a P/E ratio of 27.11, a PEG ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines has a 1 year low of $54.02 and a 1 year high of $104.33. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.