Top Gold Stocks To Follow Today – May 8th

Robinhood Markets, Coca-Cola, Molson Coors Beverage, Barrick Gold, and Newmont are the five Gold stocks to watch today, according to MarketBeat’s stock screener tool. Gold stocks are shares of companies engaged in the exploration, mining and processing of gold. They offer investors exposure to movements in the price of gold while also exposing them to company-specific risks such as operational costs, management decisions and geopolitical factors. 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 Robinhood Markets stock traded up $4.42 during trading on Thursday, hitting $54.41. 34,619,345 shares of the company’s stock were exchanged, compared to its average volume of 26,049,847. Robinhood Markets has a 52-week low of $13.98 and a 52-week high of $66.91. The business has a 50-day simple moving average of $43.07 and a 200-day simple moving average of $42.02. The stock has a market capitalization of $48.18 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 1.05 and a beta of 2.15.

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 $0.50 during trading on Thursday, reaching $71.91. 5,345,102 shares of the company’s stock traded hands, compared to its average volume of 15,423,433. The firm has a market cap of $309.45 billion, a PE ratio of 29.11, a P/E/G ratio of 3.79 and a beta of 0.47. Coca-Cola has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The company has a 50-day simple moving average of $70.96 and a 200-day simple moving average of $66.63.

Molson Coors Beverage (TAP)

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, spirits and energy, and ready to drink beverages.

TAP traded down $2.09 during midday trading on Thursday, hitting $54.75. 4,536,988 shares of the company traded hands, compared to its average volume of 2,068,102. Molson Coors Beverage has a 52-week low of $49.19 and a 52-week high of $64.66. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 0.46. The business has a 50 day simple moving average of $59.36 and a two-hundred day simple moving average of $58.42. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 1.52 and a beta of 0.73.

Barrick Gold (GOLD)

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
 
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.

Shares of NYSE GOLD traded down $0.45 during midday trading on Thursday, hitting $18.95. The stock had a trading volume of 12,551,826 shares, compared to its average volume of 21,575,512. The company has a quick ratio of 2.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.14. Barrick Gold has a 1 year low of $15.11 and a 1 year high of $21.35. The company has a market capitalization of $32.58 billion, a PE ratio of 15.40, a P/E/G ratio of 0.44 and a beta of 0.25. The stock has a 50 day simple moving average of $19.05 and a 200-day simple moving average of $17.86.

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.

NYSE NEM traded down $0.83 during trading hours on Thursday, hitting $53.16. 3,738,254 shares of the company’s stock traded hands, compared to its average volume of 9,876,486. Newmont has a 52-week low of $36.86 and a 52-week high of $58.72. The company has a market capitalization of $59.16 billion, a PE ratio of 18.14, a PEG ratio of 0.41 and a beta of 0.31. The firm’s 50-day moving average is $49.25 and its 200-day moving average is $45.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73.