Gold Stocks Worth Watching - November 3rd

Key Points

• MarketBeat identified seven gold-related stocks to watch: Coeur Mining, Freeport-McMoRan, Newmont, Hecla Mining, AngloGold Ashanti, Pan American Silver, and Gold Fields, based on recent dollar trading volume.
• Most of the group declined in Tuesday trading. Coeur Mining was nearly flat at $13.35, while Freeport-McMoRan, Newmont, Hecla Mining, AngloGold Ashanti, and Pan American Silver fell; Gold Fields edged up to $34.77.
• The companies provide exposure to gold and other metals, but their performance also depends on factors including production costs, reserves, debt levels, operating execution, and geopolitical risks.

Coeur Mining, Freeport-McMoRan, Newmont, Hecla Mining, AngloGold Ashanti, Pan American Silver, and Gold Fields are the seven Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are shares of companies involved in the exploration, mining, processing, or production of gold. Investors may use them to gain exposure to gold prices, though their performance also depends on company-specific factors such as operating costs, management, reserves, and geopolitical risks. These companies had the highest dollar trading volume of any Gold stocks within the last several days.

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.

NYSE CDE traded up $0.03 on Tuesday, reaching $13.35. The stock had a trading volume of 17,947,828 shares, compared to its average volume of 31,226,100. The company has a current ratio of 3.65, a quick ratio of 2.44 and a debt-to-equity ratio of 0.07. Coeur Mining has a 1 year low of $12.71 and a 1 year high of $27.77. The business has a 50 day moving average price of $17.99 and a 200 day moving average price of $18.91. The company has a market capitalization of $13.72 billion, a price-to-earnings ratio of 11.38 and a beta of 1.46.

Read Our Latest Research Report on CDE

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 $1.21 during midday trading on Tuesday, reaching $61.76. 3,603,978 shares of the stock were exchanged, compared to its average volume of 15,825,076. The company has a market cap of $88.69 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 0.59 and a beta of 1.39. The firm has a 50 day simple moving average of $71.32 and a 200-day simple moving average of $65.26. Freeport-McMoRan has a 12-month low of $38.54 and a 12-month high of $80.24. The company has a quick ratio of 0.92, a current ratio of 2.02 and a debt-to-equity ratio of 0.23.

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 NEM stock traded down $1.36 on Tuesday, hitting $107.73. The company's stock had a trading volume of 1,491,967 shares, compared to its average volume of 8,427,484. The stock has a market capitalization of $111.95 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 2.07 and a beta of 0.51. Newmont has a fifty-two week low of $78.60 and a fifty-two week high of $135.29. The firm's fifty day moving average price is $120.16 and its 200-day moving average price is $112.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.45 and a quick ratio of 2.16.

Read Our Latest Research Report on NEM

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.

NYSE:HL traded down $0.22 during midday trading on Tuesday, reaching $13.32. The stock had a trading volume of 11,672,430 shares, compared to its average volume of 27,373,490. Hecla Mining has a 1-year low of $11.81 and a 1-year high of $34.17. The firm's fifty day simple moving average is $17.57 and its 200-day simple moving average is $18.66. The stock has a market capitalization of $8.95 billion, a P/E ratio of 27.11 and a beta of 1.37.

Read Our Latest Research Report on HL

AngloGold Ashanti (AU)

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.

Shares of AU traded down $0.24 during mid-day trading on Tuesday, hitting $82.02. The company's stock had a trading volume of 1,396,655 shares, compared to its average volume of 2,848,405. The stock's 50-day moving average is $98.28 and its two-hundred day moving average is $96.79. The firm has a market capitalization of $41.41 billion, a PE ratio of 10.98 and a beta of 0.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.07 and a current ratio of 2.71. AngloGold Ashanti has a one year low of $63.29 and a one year high of $129.14.

Read Our Latest Research Report on AU

Pan American Silver (PAAS)

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.

Shares of NYSE PAAS traded down $0.53 during mid-day trading on Tuesday, hitting $38.39. The company had a trading volume of 2,710,973 shares, compared to its average volume of 5,715,603. Pan American Silver has a 12 month low of $33.08 and a 12 month high of $69.99. The firm has a market cap of $15.89 billion, a P/E ratio of 11.57, a PEG ratio of 4.71 and a beta of 0.75. The business's 50-day simple moving average is $46.98 and its 200-day simple moving average is $51.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23.

Read Our Latest Research Report on PAAS

Gold Fields (GFI)

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.

Shares of GFI traded up $0.01 on Tuesday, reaching $34.77. 2,962,396 shares of the stock traded hands, compared to its average volume of 3,592,144. The stock's 50-day moving average price is $40.11 and its 200-day moving average price is $42.66. Gold Fields has a 12 month low of $31.11 and a 12 month high of $61.64.

Read Our Latest Research Report on GFI

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