Gold Stocks To Watch Now – March 3rd

Robinhood Markets, Coca-Cola, Freeport-McMoRan, Newmont, and Barrick Gold are the five Gold stocks to watch today, according to MarketBeat’s stock screener tool. Gold stocks are shares in companies primarily involved in the mining, exploration, or production of gold. They are often considered a proxy for investing in the gold market because their performance tends to correlate with fluctuations in gold prices, though company-specific factors like operational efficiency and management can also significantly impact their value. 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 traded down $0.86 during trading hours on Monday, hitting $49.25. The company’s stock had a trading volume of 31,254,143 shares, compared to its average volume of 28,405,574. The business’s 50-day moving average price is $48.34 and its 200-day moving average price is $35.11. Robinhood Markets has a 12 month low of $13.98 and a 12 month high of $66.91. The stock has a market cap of $43.60 billion, a price-to-earnings ratio of 31.65, a P/E/G ratio of 1.05 and a beta of 2.13.

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 traded up $0.73 during trading hours on Monday, hitting $71.94. The company’s stock had a trading volume of 9,140,214 shares, compared to its average volume of 16,953,264. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The business’s 50-day moving average price is $64.53 and its 200-day moving average price is $66.50. The stock has a market cap of $309.41 billion, a price-to-earnings ratio of 29.10, a P/E/G ratio of 3.79 and a beta of 0.61. Coca-Cola has a 12 month low of $57.93 and a 12 month high of $73.53.

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 down $0.47 on Monday, hitting $36.44. 6,326,050 shares of the stock were exchanged, compared to its average volume of 14,325,655. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.18 and a current ratio of 2.42. The stock has a fifty day moving average price of $38.31 and a two-hundred day moving average price of $42.60. The firm has a market capitalization of $52.37 billion, a P/E ratio of 28.31, a P/E/G ratio of 0.87 and a beta of 1.85. Freeport-McMoRan has a 52-week low of $34.89 and a 52-week high of $55.24.

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.

NYSE NEM traded down $0.13 on Monday, hitting $42.71. 4,620,603 shares of the stock were exchanged, compared to its average volume of 9,788,623. 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 stock has a fifty day moving average price of $42.01 and a two-hundred day moving average price of $46.26. The firm has a market capitalization of $48.12 billion, a P/E ratio of 14.60, a P/E/G ratio of 0.41 and a beta of 0.52. Newmont has a 52-week low of $31.67 and a 52-week high of $58.72.

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.

NYSE GOLD traded up $0.15 on Monday, hitting $17.90. 9,795,275 shares of the stock were exchanged, compared to its average volume of 23,353,127. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.15 and a current ratio of 2.89. The stock has a fifty day moving average price of $16.61 and a two-hundred day moving average price of $18.19. The firm has a market capitalization of $30.91 billion, a P/E ratio of 14.57, a P/E/G ratio of 0.44 and a beta of 0.55. Barrick Gold has a 52-week low of $15.05 and a 52-week high of $21.35.