Top Gold Stocks To Watch Today – March 5th

Robinhood Markets, Coca-Cola, and Freeport-McMoRan are the three Gold stocks to watch today, according to MarketBeat’s stock screener tool. Gold stocks are shares in companies that are predominantly involved in gold mining, processing, or exploration, making their fortunes closely tied to the price of gold. Investors often consider these stocks as an indirect way to capitalize on gold’s value and as a hedge against economic uncertainties and inflation. 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 NASDAQ:HOOD traded up $0.48 during trading hours on Wednesday, hitting $46.70. 18,519,019 shares of the company’s stock traded hands, compared to its average volume of 29,493,191. The firm has a market capitalization of $41.35 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 1.05 and a beta of 2.13. The business has a fifty day moving average price of $48.67 and a 200-day moving average price of $35.48. Robinhood Markets has a 1 year low of $13.98 and a 1 year high of $66.91.

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 KO stock traded up $0.26 on Wednesday, reaching $70.45. 9,184,260 shares of the company’s stock were exchanged, compared to its average volume of 17,270,307. The company’s fifty day simple moving average is $64.87 and its 200 day simple moving average is $66.53. Coca-Cola has a 52 week low of $57.93 and a 52 week high of $73.53. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $303.02 billion, a PE ratio of 28.53, a P/E/G ratio of 3.79 and a beta of 0.61.

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.

Freeport-McMoRan stock traded up $2.54 during trading hours on Wednesday, hitting $37.44. The company had a trading volume of 13,937,400 shares, compared to its average volume of 14,690,330. Freeport-McMoRan has a 1 year low of $34.26 and a 1 year high of $55.24. The firm has a market cap of $53.80 billion, a P/E ratio of 28.97, a P/E/G ratio of 0.87 and a beta of 1.85. The company has a 50-day moving average price of $38.23 and a two-hundred day moving average price of $42.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.18 and a current ratio of 2.42.