Gold Stocks To Watch Now - November 5th

Key Points

• Freeport-McMoRan, Newmont, and Agnico Eagle Mines were identified as gold stocks to watch based on recent dollar trading volume. Their shares offer exposure to gold mining, though Freeport-McMoRan also focuses on copper and other metals.
• In Thursday trading, Freeport-McMoRan fell $5.31 to $57.29, while Newmont rose $0.16 to $118.27 and Agnico Eagle gained $2.80 to $186.25.
• The companies differ in financial and market metrics: Freeport-McMoRan had a market cap of $82.27 billion, Newmont $122.91 billion, and Agnico Eagle $94.41 billion; Agnico reported the lowest debt-to-equity ratio, at 0.01.

Freeport-McMoRan, Newmont, and Agnico Eagle Mines 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. Investors use them to gain exposure to the gold industry, but their prices can be affected by gold prices as well as company performance, operating costs, and broader market conditions. 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 FCX traded down $5.31 during trading hours on Thursday, reaching $57.29. The stock had a trading volume of 14,310,399 shares, compared to its average volume of 15,816,182. Freeport-McMoRan has a 12 month low of $38.54 and a 12 month high of $80.24. The stock has a market capitalization of $82.27 billion, a PE ratio of 24.10, a PEG ratio of 0.57 and a beta of 1.38. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 2.02. The company's 50-day moving average is $70.65 and its two-hundred day moving average is $65.28.

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.

NEM stock traded up $0.16 during midday trading on Thursday, reaching $118.27. 6,064,259 shares of the stock were exchanged, compared to its average volume of 8,442,351. The stock has a market capitalization of $122.91 billion, a PE ratio of 13.79, a P/E/G ratio of 1.96 and a beta of 0.56. Newmont has a 52 week low of $81.34 and a 52 week high of $135.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.45 and a quick ratio of 2.16. The company has a fifty day moving average price of $119.34 and a 200 day moving average price of $112.44.

Read Our Latest Research Report on NEM

Agnico Eagle Mines (AEM)

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.

Shares of AEM stock traded up $2.80 during trading hours on Thursday, hitting $186.25. 1,877,688 shares of the company's stock traded hands, compared to its average volume of 2,610,029. The stock has a market cap of $94.41 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 2.54 and a beta of 0.69. The stock's 50 day simple moving average is $189.96 and its 200 day simple moving average is $189.09. The company has a quick ratio of 1.90, a current ratio of 2.75 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines has a 12 month low of $134.38 and a 12 month high of $255.24.

Read Our Latest Research Report on AEM

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