Promising Gold Stocks To Watch Now - May 7th

Robinhood Markets, Coca-Cola, Barrick Gold, Newmont, Kinross Gold, Agnico Eagle Mines, and Cadence Design Systems are the seven Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are shares of companies whose primary business is the exploration, extraction, production or refining of gold. By owning these equities, investors gain indirect exposure to the price of gold—often with greater upside in a bull market but also greater volatility than holding physical gold itself. Performance can be influenced not only by gold prices but also by factors like production costs, geopolitical risks and company management. 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 NASDAQ HOOD traded up $0.02 during mid-day trading on Wednesday, reaching $48.71. 21,077,147 shares of the company's stock were exchanged, compared to its average volume of 39,876,773. The company's 50-day moving average is $43.07 and its 200-day moving average is $41.96. The firm has a market capitalization of $43.13 billion, a price-to-earnings ratio of 31.03, a PEG ratio of 1.05 and a beta of 2.15. Robinhood Markets has a 52-week low of $13.98 and a 52-week high of $66.91.

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.

KO stock traded up $0.76 during mid-day trading on Wednesday, hitting $72.48. 5,450,382 shares of the company were exchanged, compared to its average volume of 15,403,686. Coca-Cola has a 12-month low of $60.62 and a 12-month high of $74.38. The firm has a market capitalization of $311.90 billion, a P/E ratio of 29.33, a PEG ratio of 3.79 and a beta of 0.47. The business has a fifty day simple moving average of $70.94 and a 200-day simple moving average of $66.59. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61.

Read Our Latest Research Report on KO

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 NYSE:GOLD traded up $0.20 during mid-day trading on Wednesday, reaching $19.43. 17,617,595 shares of the company were exchanged, compared to its average volume of 21,517,706. The firm has a market cap of $33.40 billion, a price-to-earnings ratio of 15.80, a P/E/G ratio of 0.44 and a beta of 0.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.89 and a quick ratio of 2.15. Barrick Gold has a 1 year low of $15.11 and a 1 year high of $21.35. The firm's 50-day simple moving average is $19.01 and its 200 day simple moving average is $17.85.

Read Our Latest Research Report on GOLD

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 down $0.39 during trading on Wednesday, reaching $54.23. The stock had a trading volume of 5,459,774 shares, compared to its average volume of 9,868,573. The company has a market cap of $60.35 billion, a P/E ratio of 18.51, a PEG ratio of 0.41 and a beta of 0.30. Newmont has a fifty-two week low of $36.86 and a fifty-two week high of $58.72. 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's 50-day moving average price is $49.03 and its 200-day moving average price is $45.00.

Read Our Latest Research Report on NEM

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.

Shares of NYSE KGC traded up $0.62 during mid-day trading on Wednesday, hitting $15.82. The company had a trading volume of 16,615,194 shares, compared to its average volume of 17,959,579. The business's 50-day simple moving average is $12.92 and its 200 day simple moving average is $11.23. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 0.83. Kinross Gold has a 1-year low of $6.67 and a 1-year high of $15.96. The company has a market capitalization of $19.46 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 0.68 and a beta of 0.64.

Read Our Latest Research Report on KGC

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 Agnico Eagle Mines stock traded down $1.33 on Wednesday, reaching $117.80. 1,457,032 shares of the company were exchanged, compared to its average volume of 2,461,981. The stock's 50 day moving average price is $108.68 and its 200-day moving average price is $94.24. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. Agnico Eagle Mines has a 1-year low of $63.01 and a 1-year high of $126.76. The company has a market cap of $59.29 billion, a P/E ratio of 31.16, a price-to-earnings-growth ratio of 0.66 and a beta of 0.54.

Read Our Latest Research Report on AEM

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 CDNS stock traded up $3.86 on Wednesday, reaching $309.64. 539,148 shares of the stock were exchanged, compared to its average volume of 2,179,252. Cadence Design Systems has a twelve month low of $221.56 and a twelve month high of $328.99. The company has a current ratio of 2.93, a quick ratio of 2.27 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $84.54 billion, a price-to-earnings ratio of 80.23, a PEG ratio of 3.88 and a beta of 1.04. The business's 50 day moving average price is $260.56 and its 200 day moving average price is $283.59.

Read Our Latest Research Report on CDNS

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