Gold Stocks To Research - July 30th

Key Points

• Robinhood Markets has seen significant trading activity, with 17 million shares exchanged and a stock price hitting $106.76, reflecting a P/E ratio of 60.64.
• Cadence Design Systems traded at $372.74 with a market cap of $101.77 billion, highlighting its role in providing critical software and hardware for integrated circuit design.
• Vale S.A., focusing on iron ore production, experienced a trading price of $9.64 with a solid market cap of $43.73 billion, showcasing its stability with a low P/E ratio of 6.99.

Robinhood Markets, Cadence Design Systems, and Vale are the three Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are shares of publicly traded companies involved in the exploration, mining, refinement or sale of gold. They let investors gain exposure to the metal’s price movements while also reflecting company-specific factors such as production costs, operational efficiency and geopolitical risks. 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 $3.44 during trading on Wednesday, hitting $106.76. 17,026,581 shares of the company were exchanged, compared to its average volume of 41,413,398. Robinhood Markets has a 52 week low of $13.98 and a 52 week high of $113.44. The business's 50 day moving average is $84.57 and its 200 day moving average is $60.74. The company has a market capitalization of $94.53 billion, a P/E ratio of 60.64, a PEG ratio of 5.44 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.

Shares of NASDAQ:CDNS traded up $6.48 on Wednesday, hitting $372.74. The company's stock had a trading volume of 1,822,528 shares, compared to its average volume of 2,076,317. The company has a market capitalization of $101.77 billion, a PE ratio of 100.86, a PEG ratio of 4.64 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 1 year low of $221.56 and a 1 year high of $373.27. The company has a 50-day simple moving average of $310.57 and a 200 day simple moving average of $289.31.

Read Our Latest Research Report on CDNS

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 down $0.26 during trading hours on Wednesday, reaching $9.64. The company had a trading volume of 33,312,820 shares, compared to its average volume of 37,512,586. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.11 and a quick ratio of 0.74. The company has a 50-day moving average price of $9.68 and a 200 day moving average price of $9.54. The firm has a market cap of $43.73 billion, a price-to-earnings ratio of 6.99, a P/E/G ratio of 0.33 and a beta of 0.77. Vale has a 12-month low of $8.06 and a 12-month high of $12.05.

Read Our Latest Research Report on VALE

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