Gold Stocks To Watch Now - February 25th

Today, the spotlight is on several gold stocks that investors should pay attention to, according to MarketBeat's stock screener tool. The companies to keep an eye on include Robinhood Markets, Coca-Cola, Barrick Gold, Cadence Design Systems, Newmont, Vale, and Agnico Eagle Mines.

Gold stocks represent shares in companies that are involved in the exploration, mining, or production of gold. Their performance can be affected by various factors such as the price of gold, costs associated with production, and geopolitical issues. For those looking for ways to invest in gold without physically owning the metal, these stocks represent a strategic choice. Recently, these companies registered the highest dollar trading volume among gold stocks.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. operates a financial services platform in the United States, allowing users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. Their offerings include fractional trading, recurring investments, and margin trading, along with services for instant withdrawals and participation in initial public offerings.

On Tuesday, shares of Robinhood (NASDAQ: HOOD) traded down by $4.03, closing at $45.90, with a substantial trading volume of 40,910,953 shares, which surpassed the average volume of 26,284,969. The stock's performance over the past year showed a low of $13.98 and a high of $66.91, alongside a market cap of $40.57 billion.

Coca-Cola (KO)

Coca-Cola Company is a major player in the beverage sector, producing and selling a wide range of nonalcoholic drinks globally. They offer everything from sparkling soft drinks to juices and plant-based beverages, along with various beverage concentrates.

On the same day, shares of Coca-Cola (NYSE: KO) saw an increase of $0.54, reaching $71.13, with trading activity of 9,613,760 shares compared to an average of 16,754,330 shares. The stock has fluctuated between a 12-month low of $57.93 and a high of $73.53, with a market cap around $306.39 billion.

Barrick Gold (GOLD)

Barrick Gold Corporation is recognized as a leading gold and copper producer. It operates under the symbol GOLD on the New York Stock Exchange, having merged with Randgold Resources and partnered with Newmont Corporation in a joint venture in Nevada.

Tuesday's trading recorded Barrick Gold (NYSE: GOLD) shares down by $0.24, settling at $18.04. The trading volume reached 18,185,816 shares against an average of 22,674,359. The company's valuation stands at $31.15 billion, with a 52-week trading range from $14.27 to $21.35.

Cadence Design Systems (CDNS)

Cadence Design Systems, Inc. delivers software and hardware for integrated circuit (IC) design, including functional verification services and various design tools.

On Tuesday, the stock (NASDAQ: CDNS) declined by $2.04, closing at $250.92. Trading volume was lower than average at 1,182,407 shares. Its market cap is $68.82 billion, and its 52-week price range is between $241.29 and $328.99.

Newmont (NEM)

Newmont Corporation is heavily involved in gold production and exploration, along with other minerals like copper and silver. Its operations span multiple countries.

On that day, shares of Newmont (NYSE: NEM) fell by $1.18 to $42.87, with a trading volume approximately at 6,821,920 shares. The company has a market cap of $48.80 billion, with a year-low of $29.42 and a high of $58.72.

Vale (VALE)

Vale S.A. produces and sells iron ore and iron ore pellets, primarily for steelmaking. With various subsidiaries, it operates through key segments.

On Tuesday, Vale's stock (NYSE: VALE) saw a marginal drop by $0.03, reaching $9.95, with shares traded at 18,838,855, lower than the average trading volume of 36,926,832. The company's market value is about $45.14 billion.

Agnico Eagle Mines (AEM)

Agnico Eagle Mines Limited is focused on the exploration and production of gold. Its operations extend across several countries.

Agnico Eagle Mines (NYSE: AEM) traded down $1.75 to reach $95.74, with trading volume of approximately 1,904,919 shares. This company's market cap is around $48.15 billion, with a year-low of $47.73 and a high of $101.45.

Gold, Stocks, Investment