Gold Stocks To Consider – November 8th

by · The Markets Daily

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 exploring for, mining, or producing gold. Their prices may rise or fall with the price of gold, but they’re also affected by company-specific factors such as production costs, management, and mine performance, so they don’t track gold prices exactly. 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 on Friday, reaching $59.36. The company had a trading volume of 16,247,153 shares, compared to its average volume of 11,720,030. The company has a quick ratio of 0.91, a current ratio of 2.02 and a debt-to-equity ratio of 0.23. The company’s fifty day moving average is $69.84 and its 200 day moving average is $65.27. Freeport-McMoRan has a 52-week low of $38.75 and a 52-week high of $80.24. The stock has a market capitalization of $85.25 billion, a P/E ratio of 24.94, a P/E/G ratio of 0.55 and a beta of 1.38.

Read Our Latest Research Report on FCX

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.

NEM traded up $1.11 during mid-day trading on Friday, reaching $120.82. 7,881,830 shares of the stock were exchanged, compared to its average volume of 6,642,393. Newmont has a 1 year low of $81.34 and a 1 year high of $135.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.16 and a current ratio of 2.45. The stock has a market capitalization of $125.55 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 2.20 and a beta of 0.56. The company has a 50 day moving average price of $118.87 and a two-hundred day moving average price of $112.48.

Read Our Latest Research Report on NEM

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 on Friday, hitting $15.49. The stock had a trading volume of 42,117,813 shares, compared to its average volume of 35,709,824. The business has a 50 day moving average of $17.43 and a 200 day moving average of $18.76. The stock has a market cap of $15.83 billion, a price-to-earnings ratio of 17.80 and a beta of 1.46. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.79 and a quick ratio of 2.44. Coeur Mining has a 12-month low of $12.71 and a 12-month high of $27.77.

Read Our Latest Research Report on CDE

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 midday trading on Friday, hitting $14.72. 27,492,840 shares of the stock were exchanged, compared to its average volume of 29,758,848. Hecla Mining has a 52-week low of $12.80 and a 52-week high of $34.17. The stock has a market capitalization of $9.89 billion, a price-to-earnings ratio of 26.29 and a beta of 1.44. The business’s 50-day moving average price is $17.04 and its 200-day moving average price is $18.43.

Read Our Latest Research Report on HL

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 stock traded up $0.17 during trading on Friday, reaching $40.51. The stock had a trading volume of 9,079,902 shares, compared to its average volume of 7,211,576. The company has a quick ratio of 2.36, a current ratio of 3.01 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $65.98 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 1.26 and a beta of 0.52. Barrick Mining has a one year low of $32.17 and a one year high of $54.69. The company’s 50 day moving average is $41.32 and its two-hundred day moving average is $41.98.

Read Our Latest Research Report on B

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 Agnico Eagle Mines stock traded up $2.53 during mid-day trading on Friday, hitting $191.59. 1,750,868 shares of the stock were exchanged, compared to its average volume of 2,022,290. Agnico Eagle Mines has a 12 month low of $134.38 and a 12 month high of $255.24. The company has a 50-day simple moving average of $188.98 and a 200 day simple moving average of $188.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.90 and a current ratio of 2.75. The company has a market capitalization of $96.93 billion, a P/E ratio of 15.63, a P/E/G ratio of 2.91 and a beta of 0.69.

Read Our Latest Research Report on AEM

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 NYSE AU traded up $4.40 during midday trading on Friday, reaching $92.96. The company’s stock had a trading volume of 3,510,141 shares, compared to its average volume of 2,539,347. The stock has a market capitalization of $46.94 billion, a P/E ratio of 12.09 and a beta of 0.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.71 and a quick ratio of 2.07. The firm has a 50 day moving average price of $95.71 and a 200-day moving average price of $96.52. AngloGold Ashanti has a 12-month low of $67.82 and a 12-month high of $129.14.

Read Our Latest Research Report on AU

Featured Articles