Top Gold Stocks Worth Watching – March 30th

Robinhood Markets, Coca-Cola, Freeport-McMoRan, Newmont, Barrick Gold, General Mills, and Cadence Design Systems are the seven Gold stocks to watch today, according to MarketBeat’s stock screener tool. Gold stocks are shares in companies primarily involved in the exploration, mining, or production of gold. These stocks offer investors exposure to the gold market, often providing a hedge against inflation and economic uncertainty while also carrying risks tied to operational performance and market fluctuations. 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.

NASDAQ HOOD traded down $2.07 during trading hours on Friday, reaching $41.92. 44,168,954 shares of the company’s stock were exchanged, compared to its average volume of 21,816,276. The firm has a fifty day moving average of $49.16 and a 200-day moving average of $38.19. Robinhood Markets has a one year low of $13.98 and a one year high of $66.91. The stock has a market cap of $37.12 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14.

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.

Shares of NYSE:KO traded down $0.38 during midday trading on Friday, reaching $70.36. The company’s stock had a trading volume of 17,408,790 shares, compared to its average volume of 14,889,152. Coca-Cola has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The business’s fifty day simple moving average is $67.77 and its 200-day simple moving average is $66.41. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The company has a market capitalization of $302.80 billion, a P/E ratio of 28.49, a P/E/G ratio of 3.79 and a beta of 0.57.

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.

Shares of NYSE FCX traded down $1.62 during trading on Friday, reaching $38.36. The company had a trading volume of 20,221,875 shares, compared to its average volume of 13,413,076. Freeport-McMoRan has a 52 week low of $33.98 and a 52 week high of $55.24. The business’s 50 day moving average price is $38.14 and its 200-day moving average price is $41.97. The stock has a market cap of $55.13 billion, a PE ratio of 29.74, a PEG ratio of 0.87 and a beta of 1.87. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.18 and a current ratio of 2.42.

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 down $0.33 during midday trading on Friday, reaching $48.06. The company had a trading volume of 11,246,684 shares, compared to its average volume of 9,699,216. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $44.78 and a 200 day simple moving average of $45.46. Newmont has a 1-year low of $36.10 and a 1-year high of $58.72. The company has a market capitalization of $54.17 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54.

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.

GOLD traded down $0.45 during mid-day trading on Friday, reaching $19.11. The stock had a trading volume of 23,704,694 shares, compared to its average volume of 21,822,912. The firm’s fifty day simple moving average is $17.85 and its two-hundred day simple moving average is $18.04. The stock has a market capitalization of $32.97 billion, a P/E ratio of 15.53, a P/E/G ratio of 0.44 and a beta of 0.58. Barrick Gold has a 52 week low of $15.11 and a 52 week high of $21.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.15 and a current ratio of 2.89.

General Mills (GIS)

General Mills, Inc. manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.

General Mills stock traded down $0.57 during mid-day trading on Friday, hitting $59.09. The stock had a trading volume of 5,763,473 shares, compared to its average volume of 4,313,225. The stock has a 50-day simple moving average of $59.97 and a two-hundred day simple moving average of $64.67. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $32.57 billion, a PE ratio of 12.85, a P/E/G ratio of 1.94 and a beta of 0.06. General Mills has a 12 month low of $55.15 and a 12 month high of $75.90.

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 NASDAQ CDNS traded down $5.85 during mid-day trading on Friday, hitting $256.69. The company’s stock had a trading volume of 1,248,849 shares, compared to its average volume of 1,879,743. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.93 and a quick ratio of 2.27. The stock has a market cap of $70.36 billion, a price-to-earnings ratio of 66.50, a price-to-earnings-growth ratio of 3.88 and a beta of 1.05. The company’s fifty day simple moving average is $274.55 and its 200-day simple moving average is $284.39. Cadence Design Systems has a one year low of $230.09 and a one year high of $328.99.