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Promising Gold Stocks To Add to Your Watchlist - August 4th

Robinhood Markets logo with Finance background

Key Points

  • Robinhood Markets, Wayfair, and Newmont are highlighted as top gold stocks to watch due to their high trading volumes and market activity.
  • Robinhood's stock reached $106.17 with a trading volume of over 28 million shares, while Wayfair traded at $72.98, indicating healthy investor interest.
  • Newmont, a leading gold production company, traded at $65.18 and has operations in multiple countries, enhancing its market presence significantly.
  • Five stocks we like better than Robinhood Markets.

Robinhood Markets, Wayfair, and Newmont are the three Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are shares of publicly traded companies that explore for, mine, and produce gold. Their market values generally track fluctuations in the price of gold but also reflect company-specific factors such as production costs, reserve quality, and operational risks. Investors often use gold stocks to gain leveraged exposure to gold prices or to hedge against inflation and currency devaluation. 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.

Shares of HOOD traded up $6.27 on Monday, hitting $106.17. The company's stock had a trading volume of 28,495,812 shares, compared to its average volume of 41,831,117. The company has a 50 day moving average price of $86.92 and a 200 day moving average price of $62.11. Robinhood Markets has a fifty-two week low of $13.98 and a fifty-two week high of $113.44. The company has a market capitalization of $94.01 billion, a PE ratio of 53.72, a PEG ratio of 4.59 and a beta of 2.36.

Read Our Latest Research Report on HOOD

Wayfair (W)

Wayfair Inc. provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.

NYSE:W traded up $7.76 during trading hours on Monday, hitting $72.98. 7,678,102 shares of the stock were exchanged, compared to its average volume of 5,137,545. The company's 50 day moving average is $52.58 and its two-hundred day moving average is $42.25. Wayfair has a twelve month low of $20.41 and a twelve month high of $73.79. The company has a market capitalization of $9.36 billion, a P/E ratio of -25.60 and a beta of 2.92.

Read Our Latest Research Report on W

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 $2.59 during midday trading on Monday, hitting $65.18. The company had a trading volume of 5,151,323 shares, compared to its average volume of 12,131,524. Newmont has a 12 month low of $36.86 and a 12 month high of $66.57. The company has a current ratio of 2.23, a quick ratio of 1.91 and a debt-to-equity ratio of 0.23. The stock has a market cap of $71.60 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 0.76 and a beta of 0.30. The firm has a fifty day simple moving average of $58.10 and a 200 day simple moving average of $51.42.

Read Our Latest Research Report on NEM

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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