Promising Gold Stocks To Consider - May 5th

Robinhood Markets, Coca-Cola, Newmont, Barrick Gold, Cadence Design Systems, Agnico Eagle Mines, and Kinross Gold are the seven Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are shares of publicly traded companies whose primary business involves the exploration, extraction or processing of gold. Their market value tends to move in relation to gold prices, economic conditions and geopolitical factors that influence investor demand for a safe-haven asset. Investors often include gold stocks in portfolios seeking potential growth from rising gold prices along with dividend income. 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 stock traded down $1.06 on Monday, reaching $47.53. The company had a trading volume of 24,769,389 shares, compared to its average volume of 25,808,686. The business's 50-day moving average is $43.08 and its 200 day moving average is $41.76. Robinhood Markets has a one year low of $13.98 and a one year high of $66.91. The stock has a market capitalization of $42.09 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17.

Read Our Latest Research Report on HOOD

Coca-Cola (KO)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

NYSE:KO traded down $0.21 on Monday, reaching $71.45. 4,684,719 shares of the stock traded hands, compared to its average volume of 15,400,403. The company's 50 day moving average is $70.90 and its 200-day moving average is $66.54. Coca-Cola has a 1-year low of $60.62 and a 1-year high of $74.38. The firm has a market capitalization of $307.47 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61.

Read Our Latest Research Report on KO

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 $1.30 during midday trading on Monday, hitting $52.83. 6,161,689 shares of the stock traded hands, compared to its average volume of 9,838,855. Newmont has a one year low of $36.86 and a one year high of $58.72. The company has a market cap of $58.80 billion, a PE ratio of 18.03, a P/E/G ratio of 0.41 and a beta of 0.30. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The business has a 50 day moving average price of $48.59 and a two-hundred day moving average price of $44.96.

Read Our Latest Research Report on NEM

Barrick Gold (GOLD)

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 GOLD traded up $0.21 on Monday, reaching $18.62. 10,082,090 shares of the company's stock traded hands, compared to its average volume of 21,434,459. Barrick Gold has a 52-week low of $15.11 and a 52-week high of $21.35. The company has a current ratio of 2.89, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14. The stock's 50 day simple moving average is $18.98 and its two-hundred day simple moving average is $17.86. The stock has a market cap of $32.01 billion, a PE ratio of 15.11, a PEG ratio of 0.44 and a beta of 0.55.

Read Our Latest Research Report on GOLD

Cadence Design Systems (CDNS)

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.

CDNS traded up $2.15 during trading on Monday, reaching $310.30. 593,252 shares of the company were exchanged, compared to its average volume of 1,950,472. The company has a market cap of $85.12 billion, a price-to-earnings ratio of 80.17, a P/E/G ratio of 3.88 and a beta of 1.14. Cadence Design Systems has a 12-month low of $221.56 and a 12-month high of $328.99. The company's 50-day moving average is $258.32 and its two-hundred day moving average is $283.08. The company has a quick ratio of 2.27, a current ratio of 2.93 and a debt-to-equity ratio of 0.53.

Read Our Latest Research Report on CDNS

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 NYSE AEM traded up $2.38 during mid-day trading on Monday, reaching $113.50. 1,513,166 shares of the company were exchanged, compared to its average volume of 2,450,884. Agnico Eagle Mines has a 52 week low of $63.01 and a 52 week high of $126.76. The stock has a market capitalization of $57.12 billion, a PE ratio of 30.01, a PEG ratio of 0.66 and a beta of 0.54. The company's 50 day moving average price is $107.88 and its 200 day moving average price is $93.87. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06.

Read Our Latest Research Report on AEM

Kinross Gold (KGC)

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.

NYSE:KGC traded up $0.36 during midday trading on Monday, reaching $14.43. 11,621,526 shares of the stock traded hands, compared to its average volume of 17,854,839. The stock has a market capitalization of $17.75 billion, a P/E ratio of 18.71, a PEG ratio of 0.68 and a beta of 1.12. Kinross Gold has a 12 month low of $6.67 and a 12 month high of $15.46. The company has a fifty day moving average of $12.76 and a 200 day moving average of $11.17. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01.

Read Our Latest Research Report on KGC

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