Gold Stocks Worth Watching - March 25th

Today’s focus is on five noteworthy gold-related stocks: Robinhood Markets, Freeport-McMoRan, Coca-Cola, Newmont, and Barrick Gold. These companies are essential in the gold sector, engaging in various operations such as extraction, processing, and exploration of gold. The performance of gold stocks often reflects the fluctuations in gold prices, allowing investors to gain exposure to gold without directly purchasing the metal. Recently, these companies have reported the highest dollar trading volumes among gold stocks.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. operates a financial services platform in the United States, catering to users interested in various investment options including stocks, ETFs, options, gold, and cryptocurrencies. The platform also features tools like fractional trading, recurring investments, and margin trading.

During trading on Tuesday, NASDAQ:HOOD saw a decrease of $0.43, settling at $47.93. The trading volume reached 28,343,518 shares, notably above its average of 21,210,096. With a market cap of $42.44 billion, Robinhood holds a P/E ratio of 30.50 and a beta of 2.14. The stock's fifty-two week high and low stand at $66.91 and $13.98 respectively.

Freeport-McMoRan (FCX)

Freeport-McMoRan Inc. is active in mining various mineral properties primarily in North America, South America, and Indonesia, focusing on copper, gold, and other valuable metals.

On Tuesday, shares of FCX traded up $1.51 to $43.12, with a trading volume of 9,501,521, compared to its average volume of 12,883,366. The company's market capitalization is $61.97 billion with a debt-to-equity ratio of 0.31.

Coca-Cola (KO)

The Coca-Cola Company is globally recognized for its variety of nonalcoholic beverages including soft drinks, juices, and bottled water. Beyond manufacturing, it also supplies beverage concentrates and syrups to retailers.

The stock price for NYSE:KO dropped $0.29 to $68.67 during Tuesday’s session, with a trading volume of 4,336,519. Coca-Cola’s market cap is an impressive $295.50 billion, and its P/E ratio stands at 27.80.

Newmont (NEM)

Newmont Corporation is heavily involved in gold production and exploration, with operations extending across multiple countries including the United States, Canada, and Peru. The company is notably among the top gold producers worldwide.

On Tuesday, shares of NYSE:NEM rose by $0.93 to reach $47.75, with a trading volume of 4,019,248. Newmont's market cap is $53.82 billion with a P/E ratio of 16.29.

Barrick Gold (GOLD)

Barrick Gold Corporation is a leading producer in the gold and copper sectors. Since its merger with Randgold Resources in 2019, it has strengthened its position in the industry.

During Tuesday’s trading, GOLD increased by $0.40, hitting $19.29, with 8,018,518 shares traded. Barrick's market cap is $33.28 billion and its P/E ratio is 15.66.

These stocks represent a critical segment of the financial markets, particularly for investors looking to capitalize on the gold sector without directly buying the commodity itself. Keep an eye on these stocks as they may offer potential investment opportunities in the evolving market landscape.

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