Best Gold Stocks To Research – May 17th

Robinhood Markets, Coca-Cola, Newmont, Freeport-McMoRan, Cadence Design Systems, Agnico Eagle Mines, and Barrick Gold are the seven Gold stocks to watch today, according to MarketBeat’s stock screener tool. Gold stocks are shares of publicly traded companies whose primary business involves the exploration, mining, refining or sale of gold. By owning these equities, investors gain indirect exposure to movements in the gold price while also assuming the operational, geopolitical and financial risks specific to each company. Their performance typically correlates with gold’s market value but can diverge based on individual corporate results and broader equity?market trends. 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.

NASDAQ HOOD traded up $1.08 on Friday, hitting $61.76. 23,851,695 shares of the company traded hands, compared to its average volume of 26,397,656. The company has a market capitalization of $54.69 billion, a price-to-earnings ratio of 39.34, a P/E/G ratio of 1.05 and a beta of 2.15. The business’s 50 day moving average price is $45.27 and its 200-day moving average price is $43.54. Robinhood Markets has a 52-week low of $13.98 and a 52-week high of $66.91.

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 Coca-Cola stock traded up $0.40 during trading hours on Friday, hitting $72.01. The company’s stock had a trading volume of 18,402,515 shares, compared to its average volume of 15,651,188. The business has a 50 day moving average price of $70.88 and a two-hundred day moving average price of $66.76. Coca-Cola has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a market cap of $309.93 billion, a PE ratio of 29.15, a PEG ratio of 3.79 and a beta of 0.47. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03.

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 stock traded up $0.25 during trading hours on Friday, hitting $50.09. The stock had a trading volume of 11,569,698 shares, compared to its average volume of 10,070,631. The stock’s 50-day moving average price is $50.33 and its two-hundred day moving average price is $44.98. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. Newmont has a one year low of $36.86 and a one year high of $58.72. The stock has a market capitalization of $55.75 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 0.41 and a beta of 0.31.

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.

NYSE FCX traded down $0.46 during trading hours on Friday, hitting $38.01. 13,547,607 shares of the company were exchanged, compared to its average volume of 13,647,592. The stock has a market cap of $54.63 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 0.87 and a beta of 1.65. The stock has a 50-day moving average price of $36.51 and a 200 day moving average price of $38.95. Freeport-McMoRan has a 52 week low of $27.66 and a 52 week high of $55.24. The company has a quick ratio of 1.18, a current ratio of 2.42 and a debt-to-equity ratio of 0.31.

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.

NASDAQ:CDNS traded up $2.79 during midday trading on Friday, hitting $321.56. The stock had a trading volume of 1,574,219 shares, compared to its average volume of 1,973,130. The stock has a 50-day moving average of $272.16 and a 200 day moving average of $286.55. The company has a quick ratio of 2.27, a current ratio of 2.93 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $87.80 billion, a price-to-earnings ratio of 83.31, a PEG ratio of 3.88 and a beta of 1.04. Cadence Design Systems has a one year low of $221.56 and a one year high of $328.99.

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 traded down $0.12 during midday trading on Friday, hitting $106.39. 3,863,931 shares of the company’s stock traded hands, compared to its average volume of 2,523,960. Agnico Eagle Mines has a 1 year low of $63.01 and a 1 year high of $126.76. The firm’s fifty day moving average is $110.63 and its 200-day moving average is $95.42. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $53.54 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 0.66 and a beta of 0.54.

Barrick Gold (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.

B stock traded down $0.10 during midday trading on Friday, reaching $17.85. The stock had a trading volume of 16,134,446 shares, compared to its average volume of 1,183,937. The stock has a market cap of $30.69 billion, a PE ratio of 14.51, a P/E/G ratio of 0.44 and a beta of 0.25. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.15 and a current ratio of 2.89. The firm has a fifty day simple moving average of $19.04 and a two-hundred day simple moving average of $17.75. Barrick Gold has a 52-week low of $17.41 and a 52-week high of $47.50.