Gold Stocks to Observe on March 25th

Today, there are five notable gold stocks to keep an eye on, based on the findings from MarketBeat's stock screener tool. These stocks are associated with companies that are involved in the extraction, processing, and exploration of gold. Their performance tends to be influenced by changes in gold prices, providing investors an alternative way to invest in gold without the need to possess the physical metal. The following companies have shown significant dollar trading volumes over the past few days.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. offers a financial services platform in the United States. Their platform enables users to trade stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. They provide various services, including fractional trading, recurring investments, fully-paid securities lending, margin trading, cash sweeps, instant withdrawals, retirement programs, continuous trading, and participation in initial public offerings.

On Tuesday, shares of NASDAQ: HOOD declined by $0.43, trading at $47.93. Approximately 28,343,518 shares changed hands, exceeding its average volume of 21,210,096. The company's market capitalization sits at $42.44 billion, with a price-to-earnings (P/E) ratio of 30.50 and a P/E/G ratio of 1.05. Over the past year, Robinhood Markets has seen a low of $13.98 and a high of $66.91. Its fifty-day simple moving average is $49.22, while the 200-day simple moving average stands at $37.61.

Freeport-McMoRan (FCX)

Freeport-McMoRan Inc. specializes in mining mineral resources across North America, South America, and Indonesia. The company primarily investigates and extracts copper, gold, molybdenum, silver, and other metals. Key assets include the Grasberg minerals district in Indonesia and various sites in Arizona, New Mexico, Colorado, Peru, and Chile.

On Tuesday, shares of FCX experienced an increase of $1.51, reaching a value of $43.12. A total of 9,501,521 shares were traded, surpassing the average volume of 12,883,366. The market capitalization stands at $61.97 billion, with a P/E ratio of 33.32 and a P/E/G ratio of 0.87. It has a twelve-month low of $33.98 and a high of $55.24. The fifty-day simple moving average is $38.08, and the 200-day simple moving average is $41.97.

Coca-Cola (KO)

The Coca-Cola Company is a leading beverage manufacturer known for producing a wide range of nonalcoholic beverages globally. Their product line includes sparkling soft drinks, flavored beverages, water, sports drinks, coffee, tea, juices, dairy products, and plant-based beverages. They also sell beverage concentrates and syrups.

Recently, shares of NYSE: KO fell by $0.29, arriving at $68.67. Around 4,336,519 shares were traded, compared to its average volume of 14,072,904. Coca-Cola's market capitalization stands at $295.50 billion, with a P/E ratio of 27.80 and a P/E/G ratio of 3.79. The company’s fifty-day simple moving average is $67.15, while the 200-day simple moving average is $66.42. Over the year, it has a low of $57.93 and a high of $73.53.

Newmont (NEM)

Newmont Corporation focuses on gold production and exploration, along with copper, silver, zinc, and lead. The company operates across multiple countries, including the United States, Canada, Mexico, and several others in South America, Asia, and Africa.

On Tuesday, shares of NYSE: NEM rose by $0.93, reaching $47.75. The trading volume for the day was 4,019,248 shares, compared to its average of 9,378,914 shares. The market capitalization is at $53.82 billion, with a P/E ratio of 16.29 and P/E/G ratio of 0.41. Over the past year, Newmont's stock has seen a low of $33.86 and a high of $58.72, with fifty and two-hundred day simple moving averages of $44.25 and $45.50, respectively.

Barrick Gold (GOLD)

Barrick Gold Corporation is recognized as a leading gold and copper producer. The company is listed on both the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange as ABX. Barrick merged with Randgold Resources in January 2019 and also collaborated with Newmont Corporation in July 2019 to create a joint venture for their gold mines in Nevada, named Nevada Gold Mines, with Barrick holding the majority stake.

On Tuesday, shares of GOLD experienced an uptick of $0.40, trading at $19.29, with a total of 8,018,518 shares exchanged, relative to an average volume of 21,563,641. The firm has a market capitalization of $33.28 billion, a P/E ratio of 15.66, and a P/E/G ratio of 0.44. It has a twelve-month low of $0.25 and a high of $21.35, with a fifty-day simple moving average of $17.57 and a 200-day simple moving average of $18.03.

Investors may want to consider checking these stocks further as they reflect significant activity and potential opportunities in the gold sector.

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