Best Gold Stocks To Consider - August 13th

Key Points

• Five key gold stocks to consider are Robinhood Markets, Newmont, Freeport-McMoRan, HudBay Minerals, and CocaCola, which have shown the highest dollar trading volume recently.
• Newmont Corporation operates in multiple countries for gold production and has a market capitalization of $75.16 billion, emphasizing its strong presence in the mining sector.
• CocaCola, while primarily a beverage company, is included among gold stocks and has a market capitalization of $303.19 billion with a notable trading activity over the past week.

Robinhood Markets, Newmont, Freeport-McMoRan, HudBay Minerals, and CocaCola are the five Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are shares of companies engaged in the exploration, mining or production of gold. By owning these equities, investors gain indirect exposure to gold price movements through corporate revenues and profits rather than holding the physical metal. Their performance depends not only on changes in the spot price of gold but also on factors like mining output, operational costs and company management. 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 $5.28 during mid-day trading on Wednesday, hitting $108.81. The stock had a trading volume of 36,129,843 shares, compared to its average volume of 41,717,645. The firm has a market capitalization of $96.70 billion, a P/E ratio of 55.42, a price-to-earnings-growth ratio of 4.33 and a beta of 2.36. Robinhood Markets has a 12-month low of $18.57 and a 12-month high of $117.70. The firm's 50-day moving average is $93.08 and its two-hundred day moving average is $64.97.

Read Our Latest Research Report on HOOD

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 down $0.51 during midday trading on Wednesday, reaching $68.42. The company's stock had a trading volume of 4,115,110 shares, compared to its average volume of 11,974,455. The stock's 50-day simple moving average is $60.11 and its 200-day simple moving average is $52.62. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.23 and a quick ratio of 1.91. Newmont has a 52-week low of $36.86 and a 52-week high of $70.29. The stock has a market capitalization of $75.16 billion, a P/E ratio of 12.28, a PEG ratio of 0.81 and a beta of 0.30.

Read Our Latest Research Report on NEM

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.

Shares of FCX stock traded up $0.18 during mid-day trading on Wednesday, reaching $42.33. The stock had a trading volume of 6,431,857 shares, compared to its average volume of 15,975,027. The firm has a market cap of $60.83 billion, a price-to-earnings ratio of 32.07, a PEG ratio of 0.76 and a beta of 1.63. Freeport-McMoRan has a 1-year low of $27.66 and a 1-year high of $52.61. The business's fifty day moving average is $42.94 and its 200-day moving average is $39.11. The company has a current ratio of 2.47, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30.

Read Our Latest Research Report on FCX

HudBay Minerals (HBM)

Hudbay Minerals Inc., a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.

HBM traded up $1.28 during trading on Wednesday, hitting $11.13. The company's stock had a trading volume of 23,687,027 shares, compared to its average volume of 7,438,467. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 29.33, a P/E/G ratio of 0.25 and a beta of 1.63. The business's fifty day simple moving average is $9.95 and its 200 day simple moving average is $8.57. HudBay Minerals has a twelve month low of $5.95 and a twelve month high of $12.10. The company has a current ratio of 2.32, a quick ratio of 1.92 and a debt-to-equity ratio of 0.42.

Read Our Latest Research Report on HBM

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.

CocaCola stock traded down $0.26 during trading on Wednesday, reaching $70.45. 3,624,102 shares of the company were exchanged, compared to its average volume of 16,926,350. CocaCola has a 52-week low of $60.62 and a 52-week high of $74.38. The company has a market capitalization of $303.19 billion, a P/E ratio of 24.99, a PEG ratio of 3.68 and a beta of 0.44. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. The stock's 50 day simple moving average is $70.09 and its two-hundred day simple moving average is $70.02.

Read Our Latest Research Report on KO

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