Gold Stocks to Watch on March 25th

This article highlights five gold stocks that are worth your attention today: Robinhood Markets, Freeport-McMoRan, Coca-Cola, Newmont, and Barrick Gold. These companies primarily focus on gold extraction, processing, and exploration. Their stock performance tends to correlate with changes in gold prices, offering investors a way to invest in gold without owning the physical metal.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. is known for its financial services platform in the United States. This platform allows users to invest in various assets such as stocks, ETFs, American depository receipts, options, gold, and cryptocurrencies. It features options for fractional trading, recurring investments, margin trading, and instant withdrawals, among other services.

Recently, Robinhood saw its stock price reach $47.93 after a decline of $0.43 during trading. The total shares traded were over 28 million, surpassing its usual volume. For investors looking at Robinhood, the company has a market cap of $42.44 billion and a P/E ratio of 30.50.

Freeport-McMoRan (FCX)

Freeport-McMoRan Inc. is engaged in mining operations across North America, South America, and Indonesia, focusing on copper, gold, molybdenum, silver, and other metals. It operates several significant mines, including the Grasberg minerals district in Indonesia and various locations in the U.S. and South America.

On the trading front, Freeport-McMoRan's stock price increased by $1.51 to settle at $43.12, with about 9.5 million shares traded. The company's market cap stands at $61.97 billion, and its price-to-earnings ratio is 33.32.

Coca-Cola (KO)

The Coca-Cola Company is a major player in the beverage industry, known for manufacturing, marketing, and selling a variety of nonalcoholic beverages globally. It offers products ranging from soft drinks to tea, juice, and plant-based beverages.

Coca-Cola's shares traded down by $0.29 to $68.67, with around 4.3 million shares changing hands. The company's market capitalization is approximately $295.50 billion, and it has a P/E ratio of 27.80.

Newmont (NEM)

Newmont Corporation is focused on gold production and exploration, along with interests in other metals like copper and silver. Its operations span several countries, including the U.S., Canada, and various nations across Latin America.

Newmont shares saw an increase of $0.93 to $47.75, with more than 4 million shares traded. The market cap for Newmont is about $53.82 billion, and it has a P/E ratio of 16.29.

Barrick Gold (GOLD)

Barrick Gold Corporation is a leading gold and copper producer. It is listed both on the New York Stock Exchange and the Toronto Stock Exchange. Barrick merged with Randgold Resources in January 2019 and has since operated certain gold mines in partnership with Newmont Corporation.

Barrick Gold's stock increased by $0.40 to reach $19.29, with over 8 million shares traded. The company's market cap is approximately $33.28 billion, and it has a P/E ratio of 15.66.

Gold, Stocks, Investment