Top Gold Stocks To Watch Today – February 01st

Coca-Cola, Robinhood Markets, Freeport-McMoRan, Newmont, and Barrick Gold are the five Gold stocks to watch today, according to MarketBeat’s stock screener tool. Gold stocks refer to shares of companies involved in the exploration, mining, and production of gold. These stocks can provide investors with exposure to the price movements of gold in financial markets, as well as the potential for capital gains and dividends from successful mining operations. The performance of gold stocks is influenced by various factors, including the global demand for gold, production costs, and geopolitical events. These companies had the highest dollar trading volume of any Gold stocks within the last several days.

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 KO traded down $0.59 during trading hours on Friday, reaching $63.46. 12,094,877 shares of the company traded hands, compared to its average volume of 14,907,902. The stock has a market capitalization of $273.38 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 3.52 and a beta of 0.61. Coca-Cola has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The stock has a fifty day simple moving average of $62.65 and a 200 day simple moving average of $66.37.

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 $1.05 during trading hours on Friday, hitting $51.95. 14,283,874 shares of the company’s stock were exchanged, compared to its average volume of 19,554,796. The firm has a market capitalization of $45.92 billion, a P/E ratio of 88.05, a price-to-earnings-growth ratio of 0.69 and a beta of 2.07. The business’s 50 day moving average is $41.88 and its 200-day moving average is $30.10. Robinhood Markets has a 12-month low of $10.51 and a 12-month high of $53.51.

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 down $0.83 during trading on Friday, hitting $35.81. 13,384,377 shares of the company’s stock were exchanged, compared to its average volume of 13,272,459. The firm has a market cap of $51.46 billion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 0.86 and a beta of 1.87. Freeport-McMoRan has a 1 year low of $35.46 and a 1 year high of $55.24. The stock has a 50 day moving average price of $40.06 and a 200 day moving average price of $43.43. The company has a current ratio of 2.42, a quick ratio of 1.18 and a debt-to-equity ratio of 0.31.

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 $0.38 on Friday, reaching $42.71. The stock had a trading volume of 10,593,696 shares, compared to its average volume of 7,249,651. The stock has a market cap of $48.63 billion, a P/E ratio of -28.10, a price-to-earnings-growth ratio of 0.35 and a beta of 0.50. 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 company has a 50-day moving average of $40.26 and a 200 day moving average of $46.63. Newmont has a 12-month low of $29.42 and a 12-month 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.

Shares of GOLD traded down $0.19 during mid-day trading on Friday, hitting $16.38. The stock had a trading volume of 25,834,756 shares, compared to its average volume of 16,437,318. The company’s fifty day simple moving average is $16.25 and its two-hundred day simple moving average is $18.24. The company has a quick ratio of 2.06, a current ratio of 2.65 and a debt-to-equity ratio of 0.14. Barrick Gold has a fifty-two week low of $13.76 and a fifty-two week high of $21.35. The company has a market cap of $28.30 billion, a PE ratio of 17.62, a PEG ratio of 0.35 and a beta of 0.54.