Gold Stocks To Keep An Eye On - November 9th

Key Points

• Newmont, Barrick Mining and Freeport-McMoRan were identified as gold stocks with the highest recent dollar trading volume.
• All three shares rose on Monday: Newmont gained $4.34 to $125.25, Barrick rose $1.76 to $42.32, and Freeport-McMoRan climbed $2.98 to $62.40.
• The companies have exposure to multiple metals—especially gold and copper—and their share prices can reflect company performance, production costs and broader market conditions, not just gold prices.

Newmont, Barrick Mining, and Freeport-McMoRan are the three Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are shares of companies involved in exploring for, mining, or processing gold. They can give investors exposure to gold prices, but their value also depends on company performance, production costs, and broader stock-market conditions. These companies had the highest dollar trading volume of any Gold stocks within the last several days.

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.

Newmont stock traded up $4.34 during trading hours on Monday, hitting $125.25. The stock had a trading volume of 2,858,997 shares, compared to its average volume of 8,444,646. The stock's 50-day moving average price is $118.87 and its 200-day moving average price is $112.48. The stock has a market capitalization of $130.15 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 2.20 and a beta of 0.56. Newmont has a 12-month low of $81.34 and a 12-month high of $135.29. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15.

Read Our Latest Research Report on NEM

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 up $1.76 during trading on Monday, reaching $42.32. 6,075,283 shares of the stock traded hands, compared to its average volume of 11,927,001. The stock has a 50-day moving average of $41.32 and a two-hundred day moving average of $41.98. Barrick Mining has a 52-week low of $34.03 and a 52-week high of $54.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.36 and a current ratio of 3.01. The stock has a market cap of $68.93 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 1.26 and a beta of 0.52.

Read Our Latest Research Report on B

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 traded up $2.98 on Monday, hitting $62.40. 4,094,329 shares of the stock traded hands, compared to its average volume of 15,826,003. Freeport-McMoRan has a one year low of $38.85 and a one year high of $80.24. The company has a market capitalization of $89.61 billion, a PE ratio of 26.21, a P/E/G ratio of 0.55 and a beta of 1.38. The business has a 50 day simple moving average of $69.84 and a 200 day simple moving average of $65.27. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 2.02.

Read Our Latest Research Report on FCX

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