Promising Gold Stocks To Keep An Eye On – May 9th

Robinhood Markets, Barrick Gold, Coca-Cola, Cadence Design Systems, Newmont, Kinross Gold, and Agnico Eagle Mines are the seven Gold stocks to watch today, according to MarketBeat’s stock screener tool. Gold stocks are equity shares issued by companies engaged in the exploration, mining and processing of gold. By buying these shares, investors gain exposure to gold-price movements—often with leverage relative to owning physical bullion—but also assume company-specific risks such as operational costs, management decisions and geopolitical factors. 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.

Shares of NASDAQ HOOD traded up $0.06 during mid-day trading on Friday, reaching $54.13. The company had a trading volume of 31,908,441 shares, compared to its average volume of 26,142,559. The company has a market capitalization of $47.93 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 1.05 and a beta of 2.15. Robinhood Markets has a 12-month low of $13.98 and a 12-month high of $66.91. The stock has a fifty day moving average of $43.21 and a two-hundred day moving average of $42.20.

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 down $0.58 during trading hours on Friday, hitting $18.83. 21,204,009 shares of the company traded hands, compared to its average volume of 21,643,839. The company has a current ratio of 2.89, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average of $19.07 and a 200 day moving average of $17.85. Barrick Gold has a twelve month low of $15.11 and a twelve month high of $21.35. The stock has a market capitalization of $32.37 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 0.44 and a beta of 0.25.

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 Coca-Cola stock traded down $0.47 during trading on Friday, reaching $70.70. The company’s stock had a trading volume of 3,984,784 shares, compared to its average volume of 15,434,259. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. Coca-Cola has a one year low of $60.62 and a one year high of $74.38. The stock has a market capitalization of $304.26 billion, a P/E ratio of 28.62, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47. The stock has a 50-day moving average price of $70.94 and a two-hundred day moving average price of $66.64.

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 CDNS traded down $2.87 on Friday, hitting $305.09. The company’s stock had a trading volume of 676,550 shares, compared to its average volume of 1,957,075. Cadence Design Systems has a fifty-two week low of $221.56 and a fifty-two week high of $328.99. The firm’s fifty day moving average price is $263.05 and its 200-day moving average price is $284.14. The firm has a market capitalization of $83.30 billion, a price-to-earnings ratio of 79.04, a P/E/G ratio of 3.88 and a beta of 1.04. The company has a quick ratio of 2.27, a current ratio of 2.93 and a debt-to-equity ratio of 0.53.

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 up $0.99 during trading on Friday, reaching $53.82. 3,816,315 shares of the company’s stock were exchanged, compared to its average volume of 9,884,166. The business has a 50 day moving average price of $49.47 and a 200-day moving average price of $45.03. Newmont has a fifty-two week low of $36.86 and a fifty-two week high of $58.72. The stock has a market capitalization of $59.90 billion, a P/E ratio of 18.37, a PEG ratio of 0.41 and a beta of 0.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73.

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.

Shares of NYSE:KGC traded up $0.17 during trading on Friday, reaching $14.94. 10,330,912 shares of the company traded hands, compared to its average volume of 17,993,548. 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 $18.38 billion, a PE ratio of 19.40, a PEG ratio of 0.68 and a beta of 0.64. Kinross Gold has a 52 week low of $7.17 and a 52 week high of $15.96. The company’s 50 day moving average is $13.10 and its two-hundred day moving average is $11.29.

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 AEM traded up $2.18 during mid-day trading on Friday, reaching $116.84. 1,290,208 shares of the company were exchanged, compared to its average volume of 2,469,745. Agnico Eagle Mines has a 52 week low of $63.01 and a 52 week high of $126.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The business has a 50 day simple moving average of $109.47 and a two-hundred day simple moving average of $94.59. The stock has a market capitalization of $58.80 billion, a PE ratio of 30.91, a PEG ratio of 0.66 and a beta of 0.54.