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Promising Gold Stocks To Consider - April 24th

Robinhood Markets logo with Finance background

Robinhood Markets, Coca-Cola, Newmont, Freeport-McMoRan, and Cadence Design Systems are the five Gold stocks to watch today, according to MarketBeat's stock screener tool. Gold stocks are shares of publicly traded companies whose primary business involves the exploration, mining, refining, or royalty streaming of gold. Their prices tend to be influenced both by the operational performance of the underlying companies and by movements in the market price of gold, giving investors indirect exposure to the precious metal. 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 HOOD traded up $3.28 during trading hours on Thursday, hitting $47.94. 27,408,290 shares of the stock were exchanged, compared to its average volume of 24,636,577. The stock's 50-day moving average price is $44.05 and its two-hundred day moving average price is $40.45. The company has a market cap of $42.45 billion, a price-to-earnings ratio of 30.48, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17. Robinhood Markets has a 12-month low of $13.98 and a 12-month high of $66.91.

Read Our Latest Research Report on HOOD

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.

NYSE KO traded down $0.42 on Thursday, reaching $72.88. 8,162,496 shares of the company were exchanged, compared to its average volume of 18,467,385. Coca-Cola has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The business's fifty day moving average price is $70.65 and its 200 day moving average price is $66.47. The stock has a market capitalization of $313.66 billion, a P/E ratio of 29.52, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61.

Read Our Latest Research Report on KO

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 up $2.21 during trading hours on Thursday, hitting $55.36. The company's stock had a trading volume of 8,058,527 shares, compared to its average volume of 11,896,501. Newmont has a twelve month low of $36.86 and a twelve month high of $58.72. The firm has a fifty day moving average of $47.58 and a 200-day moving average of $45.15. The stock has a market cap of $62.41 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 0.41 and a beta of 0.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96.

Read Our Latest Research Report on NEM

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 Freeport-McMoRan stock traded up $2.23 during trading hours on Thursday, hitting $37.42. The company's stock had a trading volume of 11,242,126 shares, compared to its average volume of 13,874,048. The firm has a fifty day moving average of $36.35 and a 200-day moving average of $40.18. Freeport-McMoRan has a twelve month low of $27.66 and a twelve month high of $55.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.18 and a current ratio of 2.42. The stock has a market cap of $53.78 billion, a price-to-earnings ratio of 28.98, a P/E/G ratio of 0.87 and a beta of 1.71.

Read Our Latest Research Report on FCX

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 $16.42 during mid-day trading on Thursday, hitting $281.84. 916,395 shares of the stock were exchanged, compared to its average volume of 1,927,552. The firm's fifty day moving average is $255.02 and its two-hundred day moving average is $281.85. Cadence Design Systems has a 1-year low of $221.56 and a 1-year high of $328.99. The company has a current ratio of 2.93, a quick ratio of 2.27 and a debt-to-equity ratio of 0.53. The company has a market cap of $77.31 billion, a PE ratio of 73.03, a PEG ratio of 3.88 and a beta of 1.14.

Read Our Latest Research Report on CDNS

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