Gold Stocks To Consider - July 29th

Key Points

• The article highlights five gold stocks to watch, including Robinhood Markets, Cadence Design Systems, CocaCola, Freeport-McMoRan, and Vale, based on their trading volume and market presence in the gold sector.
• Robinhood Markets' stock reached $104.92 with a 12-month range of $13.98 to $113.44 and significant trading activity, while Cadence Design Systems and other stocks among the list also experienced notable price movements.
• Gold stocks provide investors with leveraged exposure to gold price fluctuations but also come with risks related to mining operations and geopolitical factors.

Robinhood Markets, Cadence Design Systems, CocaCola, Freeport-McMoRan, and Vale are the five Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are equity shares of companies engaged in the discovery, extraction and processing of gold. Because their revenues and profits move in line with the market price of gold, owning these stocks gives investors leveraged exposure to gold price swings—alongside additional risks tied to mining operations, geopolitical factors and corporate performance. 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 down $1.86 on Tuesday, reaching $104.92. The company's stock had a trading volume of 20,423,947 shares, compared to its average volume of 41,513,539. Robinhood Markets has a 12-month low of $13.98 and a 12-month high of $113.44. The stock has a 50 day moving average price of $83.80 and a 200 day moving average price of $60.44. The firm has a market cap of $92.90 billion, a price-to-earnings ratio of 59.73, a price-to-earnings-growth ratio of 5.35 and a beta of 2.36.

Read Our Latest Research Report on HOOD

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 up $31.18 on Tuesday, hitting $364.94. The company had a trading volume of 2,831,781 shares, compared to its average volume of 2,065,628. The company's fifty day moving average price is $309.66 and its 200 day moving average price is $288.77. Cadence Design Systems has a 1 year low of $221.56 and a 1 year high of $370.61. The company has a current ratio of 3.07, a quick ratio of 2.90 and a debt-to-equity ratio of 0.52. The firm has a market cap of $99.64 billion, a P/E ratio of 92.36, a PEG ratio of 4.62 and a beta of 0.99.

Read Our Latest Research Report on CDNS

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 $0.95 during trading on Tuesday, reaching $69.04. The stock had a trading volume of 6,930,660 shares, compared to its average volume of 17,270,809. 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 $297.15 billion, a P/E ratio of 24.49, a PEG ratio of 3.60 and a beta of 0.45. CocaCola has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The business's 50-day moving average price is $70.56 and its 200-day moving average price is $69.50.

Read Our Latest Research Report on KO

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 NYSE FCX traded down $0.61 during midday trading on Tuesday, hitting $43.18. The company's stock had a trading volume of 7,941,293 shares, compared to its average volume of 15,803,856. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.47 and a quick ratio of 1.21. The firm has a market capitalization of $62.05 billion, a price-to-earnings ratio of 32.76, a price-to-earnings-growth ratio of 0.82 and a beta of 1.64. The business's fifty day simple moving average is $42.53 and its two-hundred day simple moving average is $39.01. Freeport-McMoRan has a 1 year low of $27.66 and a 1 year high of $52.61.

Read Our Latest Research Report on FCX

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.

Vale stock traded up $0.07 during mid-day trading on Tuesday, reaching $9.91. 33,469,495 shares of the company's stock were exchanged, compared to its average volume of 37,479,418. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.49. Vale has a twelve month low of $8.06 and a twelve month high of $12.05. The company has a market cap of $44.96 billion, a P/E ratio of 7.18, a P/E/G ratio of 0.34 and a beta of 0.77. The company has a fifty day moving average of $9.68 and a 200-day moving average of $9.54.

Read Our Latest Research Report on VALE

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