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Best Gold Stocks To Watch Now - November 6th

Freeport-McMoRan logo with Materials background
Image from MarketBeat Media, LLC.

Key Points

  • Five stocks highlighted: Freeport-McMoRan, Newmont, Coeur Mining, Barrick Mining and Hecla Mining had the highest recent dollar trading volume among stocks in MarketBeat’s gold-stock screen.
  • The companies have varied metals exposure: several mine or explore for copper, silver and other metals alongside gold. Their shares can be influenced by company performance, operating costs and other risks—not just gold prices.
  • Friday trading was mixed: Freeport-McMoRan, Newmont, Coeur Mining and Hecla Mining rose, while Barrick edged lower. The article provides company and share-price data but no new earnings or operating developments.
  • MarketBeat previews top five stocks to own in December.

Freeport-McMoRan, Newmont, Coeur Mining, Barrick Mining, and Hecla Mining are the five Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are shares of companies that explore for, mine, or produce gold. Their value can be affected by gold prices, but also by company performance, operating costs, and other business risks, so they may not move in line with gold itself. These companies had the highest dollar trading volume of any Gold stocks within the last several days.

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 up $2.04 during mid-day trading on Friday, reaching $59.94. 8,133,057 shares of the company traded hands, compared to its average volume of 15,840,472. The company's 50 day moving average price is $70.23 and its 200-day moving average price is $65.27. The firm has a market cap of $86.08 billion, a PE ratio of 25.08, a PEG ratio of 0.58 and a beta of 1.38. Freeport-McMoRan has a 52 week low of $38.75 and a 52 week high of $80.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 0.91.

Read Our Latest Research Report on FCX

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 up $1.75 during midday trading on Friday, reaching $121.46. The stock had a trading volume of 3,489,481 shares, compared to its average volume of 8,449,892. Newmont has a 12-month low of $81.34 and a 12-month high of $135.29. The company has a market capitalization of $126.22 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 2.15 and a beta of 0.56. The stock has a 50-day moving average of $119.10 and a 200-day moving average of $112.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.16 and a current ratio of 2.45.

Read Our Latest Research Report on NEM

Coeur Mining (CDE)

Coeur Mining, Inc. explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc.

CDE stock traded up $0.78 during midday trading on Friday, reaching $15.41. 13,482,606 shares of the company traded hands, compared to its average volume of 31,420,344. The firm has a market capitalization of $15.84 billion, a price-to-earnings ratio of 17.61 and a beta of 1.46. Coeur Mining has a 52-week low of $12.71 and a 52-week high of $27.77. The business has a 50 day moving average of $17.56 and a 200-day moving average of $18.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.44 and a current ratio of 3.65.

Read Our Latest Research Report on CDE

Barrick Mining (B)

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.   In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.

Shares of NYSE B traded down $0.02 during trading hours on Friday, hitting $40.32. 4,638,134 shares of the company traded hands, compared to its average volume of 11,933,431. The company's 50 day moving average price is $41.46 and its 200 day moving average price is $42.03. Barrick Mining has a 12 month low of $32.17 and a 12 month high of $54.69. The stock has a market capitalization of $65.67 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 1.25 and a beta of 0.52. The company has a current ratio of 3.01, a quick ratio of 2.36 and a debt-to-equity ratio of 0.13.

Read Our Latest Research Report on B

Hecla Mining (HL)

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.

Shares of Hecla Mining stock traded up $0.07 during trading on Friday, hitting $14.52. The stock had a trading volume of 10,767,631 shares, compared to its average volume of 27,474,555. The stock has a market cap of $9.75 billion, a PE ratio of 25.80 and a beta of 1.44. Hecla Mining has a 12 month low of $12.80 and a 12 month high of $34.17. The firm's fifty day simple moving average is $17.18 and its 200-day simple moving average is $18.49.

Read Our Latest Research Report on HL

See Also

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