Promising Gold Stocks To Add to Your Watchlist – June 3rd

Robinhood Markets, Coca-Cola, Kinross Gold, Newmont, Cadence Design Systems, Freeport-McMoRan, and Kraft Heinz are the seven Gold stocks to watch today, according to MarketBeat’s stock screener tool. Gold stocks are shares of companies engaged in the exploration, development, extraction or refinement of gold bullion. By owning these equities, investors gain indirect exposure to movements in the price of gold while also assuming company-specific risks such as operational costs, geopolitical factors and management performance. Their share prices often rise when gold prices increase, but can be 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.

HOOD stock traded up $4.41 during trading on Tuesday, hitting $72.39. 26,792,136 shares of the stock traded hands, compared to its average volume of 26,519,989. Robinhood Markets has a 1 year low of $13.98 and a 1 year high of $72.60. The firm’s 50 day moving average is $50.14 and its two-hundred day moving average is $46.49. The stock has a market cap of $64.10 billion, a price-to-earnings ratio of 46.11, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15.

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 down $1.17 during trading on Tuesday, hitting $70.83. 8,141,356 shares of the stock traded hands, compared to its average volume of 15,697,326. Coca-Cola has a 1 year low of $60.62 and a 1 year high of $74.38. The firm’s 50 day moving average is $71.39 and its two-hundred day moving average is $67.39. The stock has a market cap of $304.87 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

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.

KGC traded down $0.22 during midday trading on Tuesday, hitting $15.49. 17,262,111 shares of the company traded hands, compared to its average volume of 18,424,341. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $19.00 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 0.68 and a beta of 0.64. The company’s 50-day moving average is $14.03 and its 200 day moving average is $11.81. Kinross Gold has a 52 week low of $7.20 and a 52 week high of $15.96.

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 $0.62 during trading on Tuesday, hitting $54.96. The company’s stock had a trading volume of 4,089,567 shares, compared to its average volume of 10,160,193. The company has a 50-day moving average of $51.67 and a 200-day moving average of $45.69. Newmont has a 12 month low of $36.86 and a 12 month high of $58.72. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. The firm has a market cap of $61.17 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 0.41 and a beta of 0.31.

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.

NASDAQ CDNS traded down $1.23 on Tuesday, reaching $291.30. 735,232 shares of the stock were exchanged, compared to its average volume of 2,011,617. The company has a current ratio of 2.93, a quick ratio of 2.27 and a debt-to-equity ratio of 0.53. Cadence Design Systems has a one year low of $221.56 and a one year high of $328.99. The firm has a market capitalization of $79.54 billion, a PE ratio of 75.47, a PEG ratio of 3.88 and a beta of 1.04. The company’s 50-day simple moving average is $283.41 and its two-hundred day simple moving average is $287.43.

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 $0.06 during trading hours on Tuesday, hitting $40.21. 5,032,740 shares of the stock traded hands, compared to its average volume of 13,424,808. The company has a market cap of $57.78 billion, a price-to-earnings ratio of 31.17, a price-to-earnings-growth ratio of 0.87 and a beta of 1.65. The company has a quick ratio of 1.18, a current ratio of 2.42 and a debt-to-equity ratio of 0.31. Freeport-McMoRan has a 1 year low of $27.66 and a 1 year high of $53.15. The stock has a 50 day moving average price of $36.25 and a 200 day moving average price of $38.36.

Kraft Heinz (KHC)

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.

Shares of Kraft Heinz stock traded up $0.15 on Tuesday, hitting $26.78. 7,452,972 shares of the company traded hands, compared to its average volume of 9,461,746. The business has a 50-day simple moving average of $28.55 and a 200 day simple moving average of $29.70. Kraft Heinz has a 52 week low of $26.01 and a 52 week high of $36.53. The stock has a market capitalization of $31.70 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.