Promising Gold Stocks Worth Watching - June 24th

Robinhood Markets, CocaCola, Newmont, Freeport-McMoRan, Agnico Eagle Mines, Kinross Gold, and Cadence Design Systems 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, mining, or production of gold. Investing in gold stocks offers exposure to the price of gold through corporate earnings and operational performance rather than owning the metal directly. These equities can provide potential upside when gold prices rise but also carry company-specific and market risks. 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.

HOOD stock traded up $5.11 during midday trading on Tuesday, hitting $81.46. 27,041,708 shares of the company's stock were exchanged, compared to its average volume of 27,699,802. The stock's fifty day moving average price is $60.55 and its 200-day moving average price is $50.41. The company has a market cap of $72.13 billion, a PE ratio of 46.15, a price-to-earnings-growth ratio of 4.63 and a beta of 2.25. Robinhood Markets has a one year low of $13.98 and a one year high of $82.00.

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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 KO stock traded up $0.51 on Tuesday, hitting $70.25. 6,176,848 shares of the stock were exchanged, compared to its average volume of 15,969,449. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $302.37 billion, a P/E ratio of 28.11, a price-to-earnings-growth ratio of 3.61 and a beta of 0.46. The business has a 50-day moving average of $71.45 and a 200 day moving average of $68.16. CocaCola has a fifty-two week low of $60.62 and a fifty-two week high of $74.38.

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.

NEM traded down $0.96 on Tuesday, hitting $58.51. 6,026,294 shares of the company were exchanged, compared to its average volume of 10,456,499. Newmont has a 12 month low of $36.86 and a 12 month high of $60.31. The company has a market cap of $65.12 billion, a PE ratio of 13.14, a PEG ratio of 0.98 and a beta of 0.31. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.70 and a current ratio of 1.98. The stock's fifty day moving average is $53.95 and its 200-day moving average is $47.16.

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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.

FCX traded up $0.77 on Tuesday, hitting $41.71. 5,110,564 shares of the company were exchanged, compared to its average volume of 13,310,297. The stock's fifty day moving average is $38.43 and its 200-day moving average is $38.12. The company has a market cap of $59.93 billion, a PE ratio of 34.48, a PEG ratio of 0.80 and a beta of 1.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.13 and a current ratio of 2.32. Freeport-McMoRan has a 12 month low of $27.66 and a 12 month high of $52.61.

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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.

NYSE AEM traded down $1.57 during trading on Tuesday, reaching $120.80. 1,640,556 shares of the company's stock were exchanged, compared to its average volume of 2,565,572. The business has a 50 day moving average price of $117.64 and a 200-day moving average price of $102.22. The stock has a market capitalization of $60.80 billion, a P/E ratio of 25.70, a PEG ratio of 1.05 and a beta of 0.51. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20. Agnico Eagle Mines has a fifty-two week low of $63.93 and a fifty-two week high of $126.76.

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.

Shares of Kinross Gold stock traded down $0.30 on Tuesday, hitting $15.40. The stock had a trading volume of 11,189,158 shares, compared to its average volume of 18,673,979. Kinross Gold has a twelve month low of $7.52 and a twelve month high of $16.04. The business's 50 day moving average is $14.82 and its two-hundred day moving average is $12.39. The company has a quick ratio of 1.22, a current ratio of 2.83 and a debt-to-equity ratio of 0.17. The stock has a market cap of $18.89 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 0.66 and a beta of 0.63.

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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 $2.59 on Tuesday, hitting $296.15. The stock had a trading volume of 575,396 shares, compared to its average volume of 2,007,648. The stock has a market cap of $80.86 billion, a price-to-earnings ratio of 74.96, a price-to-earnings-growth ratio of 4.09 and a beta of 0.99. Cadence Design Systems has a twelve month low of $221.56 and a twelve month high of $326.19. The company has a quick ratio of 2.90, a current ratio of 3.07 and a debt-to-equity ratio of 0.52. The business's 50 day moving average is $297.54 and its two-hundred day moving average is $286.53.

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