Gold Stocks Worth Watching – November 7th

Freeport-McMoRan, Newmont, Coeur Mining, Hecla Mining, Barrick Mining, Agnico Eagle Mines, and AngloGold Ashanti are the seven Gold stocks to watch today, according to MarketBeat’s stock screener tool. Gold stocks are shares of companies involved in gold mining, exploration, or related activities, including some firms that earn revenue through royalties or streaming deals. Their prices can be influenced by the price of gold, but also by company performance, operating costs, and broader market conditions, so they may not move in lockstep with gold itself. These companies had the highest dollar trading volume of any Gold stocks within the last several days.

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.

NYSE FCX traded up $1.46 during trading hours on Friday, reaching $59.36. The company’s stock had a trading volume of 16,247,153 shares, compared to its average volume of 11,134,305. The firm has a market capitalization of $85.25 billion, a price-to-earnings ratio of 24.94, a P/E/G ratio of 0.58 and a beta of 1.38. The company’s 50-day moving average is $69.84 and its two-hundred day moving average is $65.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 0.91. Freeport-McMoRan has a 1-year low of $38.75 and a 1-year high of $80.24.

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.

Shares of Newmont stock traded up $1.11 on Friday, reaching $120.82. The company’s stock had a trading volume of 7,881,830 shares, compared to its average volume of 5,960,770. The company has a market capitalization of $125.55 billion, a P/E ratio of 14.05, a PEG ratio of 1.99 and a beta of 0.56. Newmont has a 52-week low of $81.34 and a 52-week high of $135.29. The stock has a 50-day moving average price of $118.87 and a 200-day moving average price of $112.48. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15.

Coeur Mining (CDE)

Coeur Mining, Inc. explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc.

Shares of CDE stock traded up $0.86 during trading hours on Friday, hitting $15.49. 42,117,813 shares of the company’s stock were exchanged, compared to its average volume of 34,933,020. Coeur Mining has a fifty-two week low of $12.71 and a fifty-two week high of $27.77. The firm has a market cap of $15.92 billion, a P/E ratio of 17.80 and a beta of 1.46. The company has a quick ratio of 2.44, a current ratio of 3.65 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average of $17.43 and a two-hundred day moving average of $18.76.

Hecla Mining (HL)

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.

Hecla Mining stock traded up $0.27 during trading on Friday, reaching $14.72. The company had a trading volume of 27,492,840 shares, compared to its average volume of 29,648,442. The firm’s 50-day simple moving average is $17.04 and its 200 day simple moving average is $18.43. Hecla Mining has a 1-year low of $12.80 and a 1-year high of $34.17. The firm has a market capitalization of $9.89 billion, a PE ratio of 26.29 and a beta of 1.44.

Barrick Mining (B)

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.

B traded up $0.17 during mid-day trading on Friday, hitting $40.51. 9,079,902 shares of the stock were exchanged, compared to its average volume of 6,752,090. The company has a current ratio of 3.01, a quick ratio of 2.36 and a debt-to-equity ratio of 0.13. The company has a market cap of $65.98 billion, a PE ratio of 10.44, a PEG ratio of 1.18 and a beta of 0.52. The firm’s fifty day moving average is $41.32 and its two-hundred day moving average is $41.98. Barrick Mining has a 1-year low of $32.17 and a 1-year high of $54.69.

Agnico Eagle Mines (AEM)

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.

Shares of AEM traded up $2.53 during midday trading on Friday, hitting $191.59. The company had a trading volume of 1,750,868 shares, compared to its average volume of 1,862,876. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.90 and a current ratio of 2.75. Agnico Eagle Mines has a 1 year low of $134.38 and a 1 year high of $255.24. The firm has a market capitalization of $97.13 billion, a P/E ratio of 15.63, a P/E/G ratio of 2.53 and a beta of 0.69. The company’s 50-day simple moving average is $188.98 and its 200-day simple moving average is $188.96.

AngloGold Ashanti (AU)

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.

Shares of AU stock traded up $4.40 on Friday, reaching $92.96. 3,510,141 shares of the stock were exchanged, compared to its average volume of 2,346,659. The company has a current ratio of 2.71, a quick ratio of 2.07 and a debt-to-equity ratio of 0.15. AngloGold Ashanti has a twelve month low of $67.82 and a twelve month high of $129.14. The company has a market capitalization of $46.94 billion, a price-to-earnings ratio of 12.09 and a beta of 0.72. The business’s 50 day moving average price is $95.71 and its 200 day moving average price is $96.52.