Best Gold Stocks To Follow Today - July 24th

Robinhood Markets, CocaCola, Vale, Freeport-McMoRan, Newmont, Teck Resources, and Cadence Design Systems 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 is exploring for, mining, or processing gold. By owning these equities, investors gain exposure to changes in the price of gold without holding the metal itself. Gold stocks can offer amplified returns when gold prices rise but also carry operational and management risks unique to each mining company. 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 NASDAQ:HOOD traded up $0.04 during trading on Thursday, hitting $102.12. The company's stock had a trading volume of 14,689,622 shares, compared to its average volume of 41,698,348. Robinhood Markets has a fifty-two week low of $13.98 and a fifty-two week high of $113.44. The stock's 50-day moving average price is $81.27 and its two-hundred day moving average price is $58.86. The company has a market capitalization of $90.42 billion, a PE ratio of 57.97, a PEG ratio of 5.19 and a beta of 2.36.

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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 NYSE:KO traded up $0.26 during trading on Thursday, hitting $69.42. The company's stock had a trading volume of 4,995,347 shares, compared to its average volume of 17,351,760. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.89 and a current ratio of 1.21. CocaCola has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The stock's 50-day moving average price is $70.74 and its two-hundred day moving average price is $69.23. The company has a market capitalization of $298.78 billion, a PE ratio of 24.62, a PEG ratio of 3.65 and a beta of 0.45.

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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 down $0.21 during trading hours on Thursday, hitting $10.20. 29,998,019 shares of the company were exchanged, compared to its average volume of 37,143,043. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.74 and a current ratio of 1.11. Vale has a one year low of $8.06 and a one year high of $12.05. The business's 50-day simple moving average is $9.67 and its two-hundred day simple moving average is $9.49. The stock has a market capitalization of $46.28 billion, a price-to-earnings ratio of 7.39, a P/E/G ratio of 0.34 and a beta of 0.77.

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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 down $0.25 during trading hours on Thursday, hitting $44.59. 6,556,196 shares of the company were exchanged, compared to its average volume of 15,735,469. Freeport-McMoRan has a one year low of $27.66 and a one year high of $52.61. The business's 50-day simple moving average is $42.05 and its two-hundred day simple moving average is $38.86. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.13 and a current ratio of 2.32. The stock has a market capitalization of $64.08 billion, a price-to-earnings ratio of 36.85, a P/E/G ratio of 0.85 and a beta of 1.64.

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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 NYSE NEM traded down $0.31 during midday trading on Thursday, hitting $61.12. The company's stock had a trading volume of 4,045,850 shares, compared to its average volume of 12,055,699. Newmont has a 1-year low of $36.86 and a 1-year high of $62.56. The firm's fifty day moving average price is $56.50 and its 200-day moving average price is $50.11. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.70 and a current ratio of 1.98. The firm has a market cap of $68.02 billion, a P/E ratio of 13.70, a P/E/G ratio of 0.92 and a beta of 0.33.

Read Our Latest Research Report on NEM

Teck Resources (TECK)

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.

Shares of Teck Resources stock traded down $2.20 during trading on Thursday, hitting $36.40. 6,623,554 shares of the stock were exchanged, compared to its average volume of 3,600,517. The stock's fifty day moving average is $38.25 and its 200 day moving average is $38.68. The stock has a market cap of $17.58 billion, a PE ratio of 62.75, a P/E/G ratio of 0.62 and a beta of 0.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.57 and a current ratio of 3.36. Teck Resources has a 12 month low of $28.32 and a 12 month high of $54.13.

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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 $0.19 during trading hours on Thursday, reaching $326.28. 528,276 shares of the company's stock traded hands, compared to its average volume of 2,043,353. The firm has a market capitalization of $89.09 billion, a price-to-earnings ratio of 82.60, a P/E/G ratio of 4.44 and a beta of 0.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.07 and a quick ratio of 2.90. Cadence Design Systems has a twelve month low of $221.56 and a twelve month high of $330.09. The business's fifty day simple moving average is $309.06 and its two-hundred day simple moving average is $288.40.

Read Our Latest Research Report on CDNS