Promising Gold Stocks Worth Watching – June 7th

Robinhood Markets, Newmont, and Coca-Cola are the three Gold stocks to watch today, according to MarketBeat’s stock screener tool. Gold stocks are shares of publicly traded companies whose primary business is locating, mining or processing gold. By buying these equities, investors gain indirect exposure to movements in the price of gold, along with the operational and management risks specific to each miner. Many market participants use gold stocks to diversify portfolios or hedge against inflation and economic uncertainty. 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.

Robinhood Markets stock traded up $2.37 during mid-day trading on Friday, reaching $74.88. 61,705,294 shares of the company traded hands, compared to its average volume of 26,942,447. The firm’s 50 day moving average price is $52.58 and its 200 day moving average price is $47.38. The firm has a market capitalization of $66.30 billion, a price-to-earnings ratio of 47.69, a P/E/G ratio of 1.05 and a beta of 2.25. Robinhood Markets has a 52-week low of $13.98 and a 52-week high of $77.80.

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 $2.15 during midday trading on Friday, reaching $52.36. The company’s stock had a trading volume of 13,344,110 shares, compared to its average volume of 10,233,588. The firm has a 50 day moving average of $52.16 and a 200-day moving average of $45.97. The firm has a market capitalization of $58.28 billion, a P/E ratio of 17.87, a PEG ratio of 0.41 and a beta of 0.31. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. Newmont has a 12-month low of $36.86 and a 12-month high of $58.72.

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 up $0.46 during midday trading on Friday, reaching $71.37. The company’s stock had a trading volume of 9,519,460 shares, compared to its average volume of 15,795,047. The firm has a 50 day moving average of $71.39 and a 200-day moving average of $67.57. The firm has a market capitalization of $307.20 billion, a P/E ratio of 28.89, a PEG ratio of 3.79 and a beta of 0.46. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. Coca-Cola has a 12-month low of $60.62 and a 12-month high of $74.38.