Top Gold Stocks To Follow Today – April 2nd

Robinhood Markets, Coca-Cola, Freeport-McMoRan, Newmont, Barrick Gold, Cadence Design Systems, and Agnico Eagle Mines are the seven Gold stocks to watch today, according to MarketBeat’s stock screener tool. Gold stocks are shares in companies involved in the exploration, extraction, and production of gold. Their performance is often directly influenced by fluctuations in the market price of gold, making them a popular way for investors to gain indirect exposure to the precious metal’s market dynamics. 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 up $1.07 during midday trading on Wednesday, hitting $43.23. The company had a trading volume of 21,805,744 shares, compared to its average volume of 22,006,004. The firm has a fifty day simple moving average of $48.88 and a two-hundred day simple moving average of $38.60. Robinhood Markets has a fifty-two week low of $13.98 and a fifty-two week high of $66.91. The stock has a market cap of $38.28 billion, a price-to-earnings ratio of 27.54, a P/E/G 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.

KO stock traded down $0.61 during trading on Wednesday, reaching $71.27. 5,053,742 shares of the stock were exchanged, compared to its average volume of 14,901,941. The stock has a 50 day simple moving average of $68.14 and a 200-day simple moving average of $66.39. 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 company has a market capitalization of $306.69 billion, a P/E ratio of 28.85, a price-to-earnings-growth ratio of 3.79 and a beta of 0.57. Coca-Cola has a twelve month low of $57.93 and a twelve 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.

FCX stock traded down $0.07 during midday trading on Wednesday, hitting $38.07. The stock had a trading volume of 5,595,330 shares, compared to its average volume of 13,410,781. The firm has a market capitalization of $54.70 billion, a price-to-earnings ratio of 29.51, a P/E/G ratio of 0.87 and a beta of 1.87. The company has a current ratio of 2.42, a quick ratio of 1.18 and a debt-to-equity ratio of 0.31. The stock has a 50-day simple moving average of $38.05 and a 200 day simple moving average of $41.92. Freeport-McMoRan has a 52 week low of $33.98 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.

NEM stock traded up $0.28 during trading on Wednesday, hitting $48.57. The company had a trading volume of 4,356,378 shares, compared to its average volume of 9,675,922. 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 fifty day moving average price of $45.03 and a two-hundred day moving average price of $45.35. Newmont has a fifty-two week low of $36.44 and a fifty-two week high of $58.72. The company has a market cap of $54.75 billion, a P/E ratio of 16.58, a P/E/G 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.

Shares of NYSE:GOLD traded down $0.26 during midday trading on Wednesday, reaching $19.41. The company’s stock had a trading volume of 9,774,292 shares, compared to its average volume of 21,784,580. The business’s fifty day simple moving average is $17.99 and its 200-day simple moving average is $18.01. The company has a market capitalization of $33.49 billion, a P/E ratio of 15.78, a P/E/G ratio of 0.44 and a beta of 0.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.89 and a quick ratio of 2.15. Barrick Gold has a fifty-two week low of $15.11 and a fifty-two week high of $21.35.

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.

CDNS traded up $4.08 during midday trading on Wednesday, hitting $262.87. The company had a trading volume of 592,648 shares, compared to its average volume of 1,878,384. Cadence Design Systems has a twelve month low of $230.09 and a twelve month high of $328.99. The company has a market capitalization of $72.11 billion, a PE ratio of 68.10, a P/E/G ratio of 3.88 and a beta of 1.05. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.27 and a current ratio of 2.93. The firm’s 50-day simple moving average is $272.48 and its 200-day simple moving average is $284.34.

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.

Shares of NYSE AEM traded down $0.87 during midday trading on Wednesday, hitting $107.37. The stock had a trading volume of 1,236,798 shares, compared to its average volume of 2,348,138. The firm has a market cap of $54.01 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 0.66 and a beta of 0.87. Agnico Eagle Mines has a fifty-two week low of $60.15 and a fifty-two week high of $110.36. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The company’s 50-day simple moving average is $98.82 and its 200 day simple moving average is $88.27.