Gold Stocks To Add to Your Watchlist - July 16th

Robinhood Markets, Newmont, CocaCola, Cadence Design Systems, and Bit Digital are the five Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are shares of publicly traded companies whose primary business is the exploration, mining and production of gold. By buying these equities, investors gain indirect exposure to movements in the gold price as well as company-specific factors like reserve size, production costs and management performance. Returns on gold stocks tend to correlate with bullion prices but can also be influenced by operational and financial results of the issuing firms. 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.

Robinhood Markets stock traded up $3.54 during midday trading on Wednesday, reaching $103.08. The stock had a trading volume of 35,962,985 shares, compared to its average volume of 30,541,927. The firm has a market capitalization of $91.27 billion, a PE ratio of 58.55, a P/E/G ratio of 5.30 and a beta of 2.36. Robinhood Markets has a 12 month low of $13.98 and a 12 month high of $104.10. The firm's 50-day moving average price is $75.53 and its 200 day moving average price is $56.26.

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.

NEM stock traded up $1.23 during mid-day trading on Wednesday, reaching $58.58. 9,865,619 shares of the company traded hands, compared to its average volume of 10,740,754. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.98 and a quick ratio of 1.70. The company has a market capitalization of $65.20 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.69 and a beta of 0.33. Newmont has a 52-week low of $36.86 and a 52-week high of $61.17. The company has a fifty day moving average price of $55.55 and a 200-day moving average price of $49.28.

Read Our Latest Research Report on NEM

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 down $0.17 during midday trading on Wednesday, hitting $69.20. 6,285,085 shares of the company's stock were exchanged, compared to its average volume of 16,307,440. CocaCola has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. The company has a market cap of $297.83 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 3.64 and a beta of 0.45. The business's fifty day moving average price is $70.80 and its two-hundred day moving average price is $68.95.

Read Our Latest Research Report on KO

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 down $2.41 during midday trading on Wednesday, hitting $315.63. The stock had a trading volume of 790,226 shares, compared to its average volume of 2,036,020. The company has a market cap of $86.18 billion, a P/E ratio of 79.89, a price-to-earnings-growth ratio of 4.40 and a beta of 0.99. The business has a fifty day moving average of $308.23 and a 200 day moving average of $287.56. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.90 and a current ratio of 3.07. Cadence Design Systems has a 1 year low of $221.56 and a 1 year high of $330.09.

Read Our Latest Research Report on CDNS

Bit Digital (BTBT)

Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.

Shares of NASDAQ:BTBT traded up $0.53 during trading on Wednesday, reaching $3.82. 63,756,587 shares of the company traded hands, compared to its average volume of 18,119,297. The firm has a market capitalization of $795.54 million, a price-to-earnings ratio of -8.14 and a beta of 5.25. Bit Digital has a 52-week low of $1.69 and a 52-week high of $5.74. The business's fifty day moving average is $2.57 and its 200-day moving average is $2.60.

Read Our Latest Research Report on BTBT