Gold Stocks to Watch - February 26th

Today, we look at five gold stocks that investors should keep an eye on: Robinhood Markets, Coca-Cola, Freeport-McMoRan, Cadence Design Systems, and Barrick Gold. According to various market analysis tools, these companies are involved in the gold industry, which includes exploration, mining, and production. Gold stocks are typically viewed as a way for investors to gain exposure to gold's price movements; however, individual company factors and market conditions also play significant roles in their performance.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. provides a financial services platform in the U.S., allowing users to invest in a range of assets, including stocks, ETFs, options, and cryptocurrencies. They also offer features such as fractional trading, margin investing, and retirement accounts.

On the trading floor, Robinhood shares increased by $3.36, reaching a price of $49.28. The trading volume saw 28,134,026 shares traded, surpassing its average of 26,928,564. Currently, the company has a market cap of $43.56 billion, with a price-to-earnings ratio of 31.39 and a PEG ratio of 1.05.

Coca-Cola (KO)

The Coca-Cola Company manufactures and markets a variety of nonalcoholic beverages worldwide. Their products include sparkling drinks, juices, teas, and more. They also provide beverage concentrates and syrups.

On trading day, Coca-Cola’s stock dipped by $0.42 to $71.07. Trading volume was 6,237,828 shares, compared to an average volume of 16,812,346. Coca-Cola’s market cap stands at $306.16 billion, with a P/E ratio of 28.76.

Freeport-McMoRan (FCX)

Freeport-McMoRan Inc. is involved in mining several mineral properties, primarily copper and gold, across North America, South America, and Indonesia. They own significant mining sites like Grasberg in Indonesia and various locations in Arizona and New Mexico.

In more recent trading, Freeport-McMoRan saw an increase of $1.63, bringing its price to $38.39. The trading volume reached 9,851,251 shares, compared to an average of 14,377,772. The company’s current market cap is $55.17 billion.

Cadence Design Systems (CDNS)

Cadence Design Systems, Inc. offers software and services for reusable integrated circuit design globally. Their services include verification tools for chip design.

On the market, Cadence shares rose by $5.06, hitting $253.96. A total of 1,281,215 shares were exchanged during trading, against an average volume of 1,942,752. The company has a market cap of approximately $69.65 billion.

Barrick Gold (GOLD)

Barrick Gold Corporation ranks as a leading producer of gold and copper. The company’s stock trades under the symbol GOLD on the NYSE and has undergone significant mergers to expand its gold mining operations.

Recently, Barrick Gold’s shares increased by $0.31, reaching a price of $18.38. It saw a trading volume of 16,087,014 shares, in comparison to its average volume of 22,803,258. The company has a market cap of $31.74 billion.

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