Promising Gold Stocks To Keep An Eye On – February 02nd

Coca-Cola, Robinhood Markets, and Freeport-McMoRan are the three 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 companies can include gold mining companies, streaming and royalty companies, and gold-focused exchange-traded funds (ETFs). Investing in gold stocks can provide exposure to the price movements of gold and can be a way for investors to gain exposure to the gold market without directly owning physical gold. 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 NYSE KO traded down $0.59 during mid-day trading on Friday, hitting $63.46. 12,094,877 shares of the company were exchanged, compared to its average volume of 14,907,902. The firm has a market cap of $273.38 billion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 3.52 and a beta of 0.61. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. Coca-Cola has a 1-year low of $57.93 and a 1-year high of $73.53. The stock has a 50 day simple moving average of $62.65 and a 200-day simple moving average of $66.38.

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 down $1.05 during midday trading on Friday, hitting $51.95. The stock had a trading volume of 14,283,874 shares, compared to its average volume of 19,554,796. Robinhood Markets has a 1 year low of $10.51 and a 1 year high of $53.51. The stock has a 50 day moving average price of $41.88 and a two-hundred day moving average price of $30.14. The company has a market capitalization of $45.92 billion, a PE ratio of 88.05, a P/E/G ratio of 0.69 and a beta of 2.07.

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.

NYSE FCX traded down $0.83 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 price-to-earnings ratio of 27.76, a P/E/G ratio of 0.86 and a beta of 1.87. The firm’s 50-day moving average price is $40.06 and its two-hundred day moving average price is $43.39. Freeport-McMoRan has a fifty-two week low of $35.46 and a fifty-two week high of $55.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.42 and a quick ratio of 1.18.