Gold Stocks to Watch on March 25th

Gold stocks are an essential area for any investor looking to gain exposure to the precious metal market. Today, we will focus on five key stocks in this sector: Robinhood Markets, Freeport-McMoRan, Coca-Cola, Newmont, and Barrick Gold. These companies are primarily involved in the extraction, processing, and exploration of gold, and their performance is closely tied to the fluctuations in gold prices. This makes them a strategic option for investors who prefer not to own physical gold.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. is a financial services platform based in the United States. It allows users to invest in a variety of assets, including stocks, ETFs, cryptocurrencies, and even gold. Some of the essential features offered include fractional trading, margin trading, and around-the-clock trading options. Recently, during trading, shares of Robinhood fell by $0.43, reaching $47.93. The trading volume for the day was 28,343,518 shares—well above its usual average of 21,210,096. With a market cap of $42.44 billion and a PE ratio of 30.50, Robinhood has seen considerable growth, from a low of $13.98 to a high of $66.91 in the past year.

Freeport-McMoRan (FCX)

Freeport-McMoRan Inc. specializes in mining mineral properties across various regions, including North America and Indonesia. In addition to gold, the company also explores for copper, molybdenum, and silver. Freeport-McMoRan shares rose by $1.51 during trading, reaching $43.12, with a trading volume of 9,501,521 shares compared to its average of 12,883,366. The company boasts a market capitalization of $61.97 billion and has experienced a significant price range over the past year, with a low of $33.98 and a high of $55.24.

Coca-Cola (KO)

Coca-Cola Company is a well-known beverage manufacturer that produces nonalcoholic drinks globally. Although its primary business is different from that of traditional gold stocks, Coca-Cola is listed in the stocks to watch today due to its vast market presence and performance. Recently, Coca-Cola shares fell by $0.29, reaching $68.67, with a trading volume of 4,336,519 shares against an average of 14,072,904. The company's market cap stands at $295.50 billion, with significant year-long price fluctuations as well, boasting a low of $57.93 and a high of $73.53.

Newmont (NEM)

Newmont Corporation is primarily engaged in gold mining and exploration but also deals with other minerals like copper and silver. The company's operations span multiple countries, including the United States and Canada. During recent trading, Newmont's stock increased by $0.93 and reached $47.75, with 4,019,248 shares exchanged compared to its average of 9,378,914. With a market cap of $53.82 billion and a PE ratio of 16.29, Newmont's shares have traded between $33.86 and $58.72 in the past twelve months.

Barrick Gold (GOLD)

Barrick Gold Corporation is a major player in gold and copper production. The company merged with Randgold Resources in early 2019 and has since expanded its operations significantly. Recently, Barrick Gold's shares rose by $0.40 to reach $19.29, with trading volume of 8,018,518 shares compared to an average of 21,563,641. The firm has a market cap of $33.28 billion and shows a twelve-month trading range of $0.25 to $21.35, highlighting its significant market movements.

gold, stocks, investment