Best Gold Stocks To Add to Your Watchlist - August 1st

Key Points

• The five gold stocks highlighted by MarketBeat include Robinhood Markets, CocaCola, Vale, Cadence Design Systems, and Newmont, identified for their significant trading volume recently.
• Robinhood Markets has seen a stock price of $102.23, a market cap of $90.52 billion, and notable trading volume of nearly 48 million shares during mid-day trading.
• Newmont Corporation, focusing on gold production and exploration, reached a stock price of $62.46 with a market cap of $68.61 billion and a P/E ratio of 11.22.

Robinhood Markets, CocaCola, Vale, Cadence Design Systems, and Newmont are the five Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are equity shares of companies involved in the mining, exploration or processing of gold. Their price performance is driven both by changes in the market price of gold and by the operational success and cost-efficiency of the issuing firms. Investors use gold stocks to gain indirect exposure to gold’s price movements while also taking on the risks and potential rewards of equity ownership. 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.

Shares of HOOD stock traded down $0.82 during mid-day trading on Friday, hitting $102.23. The company's stock had a trading volume of 47,952,055 shares, compared to its average volume of 41,704,184. The company's fifty day simple moving average is $86.18 and its 200-day simple moving average is $61.49. Robinhood Markets has a 52 week low of $13.98 and a 52 week high of $113.44. The company has a market cap of $90.52 billion, a PE ratio of 52.09, a P/E/G ratio of 5.40 and a beta of 2.36.

Read Our Latest Research Report on HOOD

CocaCola (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 stock traded up $0.93 during mid-day trading on Friday, hitting $68.82. The company's stock had a trading volume of 6,933,912 shares, compared to its average volume of 17,215,170. The company's fifty day simple moving average is $70.39 and its 200-day simple moving average is $69.54. CocaCola has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The company has a market cap of $296.17 billion, a PE ratio of 24.43, a P/E/G ratio of 3.58 and a beta of 0.45.

Read Our Latest Research Report on KO

Vale (VALE)

Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.

Shares of VALE stock traded up $0.22 during mid-day trading on Friday, hitting $9.75. The company's stock had a trading volume of 48,739,516 shares, compared to its average volume of 37,918,477. The company's fifty day simple moving average is $9.68 and its 200-day simple moving average is $9.55. Vale has a 52 week low of $8.06 and a 52 week high of $12.05. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.74 and a current ratio of 1.11. The company has a market cap of $44.23 billion, a PE ratio of 7.07, a P/E/G ratio of 0.32 and a beta of 0.77.

Read Our Latest Research Report on VALE

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.

Shares of CDNS traded down $7.68 during trading hours on Friday, hitting $356.89. The stock had a trading volume of 926,620 shares, compared to its average volume of 2,089,820. Cadence Design Systems has a 1-year low of $221.56 and a 1-year high of $376.45. The firm has a market capitalization of $97.45 billion, a P/E ratio of 96.43, a price-to-earnings-growth ratio of 4.88 and a beta of 0.99. The firm has a 50 day simple moving average of $312.60 and a 200-day simple moving average of $290.37. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.82 and a quick ratio of 2.90.

Read Our Latest Research Report on CDNS

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.

Newmont stock traded up $0.36 during midday trading on Friday, reaching $62.46. The stock had a trading volume of 4,955,610 shares, compared to its average volume of 12,135,198. Newmont has a 12 month low of $36.86 and a 12 month high of $66.57. The company has a market capitalization of $68.61 billion, a P/E ratio of 11.22, a PEG ratio of 0.76 and a beta of 0.33. The company has a fifty day moving average price of $57.92 and a two-hundred day moving average price of $51.13. The company has a current ratio of 2.23, a quick ratio of 1.91 and a debt-to-equity ratio of 0.23.

Read Our Latest Research Report on NEM

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