Promising Gold Stocks To Research - August 17th

Key Points

• MarketBeat highlights seven gold stocks to watch, including Robinhood Markets, CocaCola, and Newmont, which have shown significant trading volume recently.
• Robinhood Markets experienced a 3.46 increase in share price, reaching $114.17, contributing to its notable market capitalization of $101.46 billion.
• Newmont Corporation, a major player in gold production, reported a 0.84 increase in shares to $69.32, with a market cap of $76.14 billion.

Robinhood Markets, CocaCola, Cadence Design Systems, Newmont, Coeur Mining, Freeport-McMoRan, and Kinross Gold 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 and production of gold. They provide investors with leveraged exposure to movements in the gold price but also carry operational, geopolitical and market risks that can make them more volatile than holding physical gold. 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 Robinhood Markets stock traded up $3.46 during trading on Friday, reaching $114.17. 32,125,017 shares of the company were exchanged, compared to its average volume of 42,715,608. Robinhood Markets has a twelve month low of $18.71 and a twelve month high of $117.70. The business has a 50-day moving average price of $95.36 and a 200-day moving average price of $66.26. The firm has a market capitalization of $101.46 billion, a price-to-earnings ratio of 57.95, a P/E/G ratio of 4.35 and a beta of 2.36.

Read Our Latest Research Report on HOOD

CocaCola (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.

Shares of CocaCola stock traded up $0.37 during trading on Friday, reaching $69.92. 12,364,886 shares of the company were exchanged, compared to its average volume of 13,819,584. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. CocaCola has a twelve month low of $60.62 and a twelve month high of $74.38. The business has a 50-day moving average price of $70.02 and a 200-day moving average price of $70.16. The firm has a market capitalization of $300.91 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 3.64 and a beta of 0.44.

Read Our Latest Research Report on KO

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.

Shares of Cadence Design Systems stock traded up $0.96 during trading on Friday, reaching $349.88. 1,567,384 shares of the company were exchanged, compared to its average volume of 1,933,148. The company has a quick ratio of 2.67, a current ratio of 2.82 and a debt-to-equity ratio of 0.49. Cadence Design Systems has a twelve month low of $221.56 and a twelve month high of $376.45. The business has a 50-day moving average price of $324.89 and a 200-day moving average price of $294.04. The firm has a market capitalization of $95.34 billion, a price-to-earnings ratio of 94.56, a P/E/G ratio of 4.59 and a beta of 0.97.

Read Our Latest Research Report on CDNS

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 Newmont stock traded up $0.84 during trading on Friday, reaching $69.32. 7,907,348 shares of the company were exchanged, compared to its average volume of 10,953,594. The company has a quick ratio of 1.91, a current ratio of 2.23 and a debt-to-equity ratio of 0.23. Newmont has a twelve month low of $36.86 and a twelve month high of $70.29. The business has a 50-day moving average price of $61.00 and a 200-day moving average price of $53.19. The firm has a market capitalization of $76.14 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of 0.82 and a beta of 0.30.

Read Our Latest Research Report on NEM

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 $0.08 on Friday, reaching $11.67. The company's stock had a trading volume of 35,659,003 shares, compared to its average volume of 12,572,677. Coeur Mining has a 1-year low of $4.58 and a 1-year high of $11.97. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61. The firm has a market cap of $7.50 billion, a PE ratio of 31.54 and a beta of 1.16. The business's 50-day moving average price is $9.50 and its two-hundred day moving average price is $7.49.

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.

NYSE:FCX traded up $0.01 on Friday, reaching $42.29. The company's stock had a trading volume of 8,883,387 shares, compared to its average volume of 17,283,754. Freeport-McMoRan has a 1-year low of $27.66 and a 1-year high of $52.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.21 and a current ratio of 2.47. The firm has a market cap of $60.72 billion, a PE ratio of 32.04, a PEG ratio of 0.80 and a beta of 1.63. The business's 50-day moving average price is $43.01 and its two-hundred day moving average price is $39.24.

Read Our Latest Research Report on FCX

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 $0.43 on Friday, reaching $19.32. The company's stock had a trading volume of 18,019,071 shares, compared to its average volume of 19,913,368. Kinross Gold has a 1-year low of $8.31 and a 1-year high of $19.45. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.45 and a current ratio of 2.84. The firm has a market cap of $23.48 billion, a PE ratio of 15.58, a PEG ratio of 0.64 and a beta of 0.55. The business's 50-day moving average price is $16.24 and its two-hundred day moving average price is $14.13.

Read Our Latest Research Report on KGC

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