GDX - VanEck Vectors Gold Miners ETF
| Previous Close | 22.33 |
| Open | 22.33 |
| Bid | 0.00 x 1000 |
| Ask | 0.00 x 27000 |
| Day's Range | 22.30 - 22.45 |
| 52 Week Range | 20.84 - 25.58 |
| Volume | 8,614,945 |
| Avg. Volume | 36,036,793 |
| Net Assets | 7.75B |
| NAV | 22.27 |
| PE Ratio (TTM) | N/A |
| Yield | 0.79% |
| YTD Return | -4.13% |
| Beta (3y) | 0.53 |
| Expense Ratio (net) | 0.53% |
| Inception Date | 2006-05-16 |
- Market Realist•yesterday
How Fall in Gold Prices Is Affecting Miners
It seems that the rout in precious metals has also plagued the performance of precious metal mining companies. In this article, we’ll discuss Sibanye Gold (SBGL), Gold Fields (GFI), Yamana Gold (AUY), and Pan American Silver (PAAS), which have fallen 40.9%, 15.8%, and 10.3%, respectively. PAAS has risen 12.8% on a YTD basis.
- Market Realist•6 days ago
How Miners Reacted to Slumping Precious Metals
Precious metal mining companies usually follow precious metals. Precious metals seem to be in the doldrums lately over the strength in the US dollar and the potential movement of US interest rates. The recent slump in demand for haven assets has also affected mining stocks.
- Market Realist•12 days ago
What Led to Kinross Gold’s Impressive Cost Performance in 1Q18?
Compared to its closest peers, Kinross Gold (KGC) has been a high-cost gold producer. As a result, Kinross is highly leveraged to gold prices compared to its peers (GDX) Goldcorp (GG), Barrick Gold (ABX), and Newmont Mining (NEM). In this part of the series, we’ll see how Kinross is trying to improve its unit costs.
- Market Realist•13 days ago
How Mining Stocks Are Reacting to Movement in Precious Metals
Precious metal mining companies typically follow precious metals. Precious metals seem to be in the doldrums over the strength of the US dollar and the Federal Reserve’s decision to raise interest rates several more times this year. The recent slump in the demand for haven assets has also affected mining stocks.
Market Realist•13 days agoKinross Gold Reported a Solid Earnings Beat in 1Q18
Kinross Gold (KGC) released its 1Q18 results after the market closed on May 8. The company reported EPS (earnings per share) of $0.10, which was double the consensus estimate of $0.05. Its revenue of $897 million also came in above the market’s expectation of $833 million.
Market Realist•14 days agoIs Goldcorp’s Valuation Rerating Possible in 2018?
Can Goldcorp Continue Its Outperformance after a Weak 1Q18? After Newmont Mining’s (NEM) multiple of 8.7x, Goldcorp (GG) has the highest EV-to-forward-EBITDA multiple of 7.4x among its senior gold miner peers (GDX). Its production growth has remained muted for the last two years, and its costs have trended higher.
Market Realist•14 days agoCould Newmont Mining’s Valuation Rise after 1Q18?
Could Newmont Mining Outshine Peers in 2018? Newmont Mining (NEM) has a forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 8.7x, the highest among senior gold miners. NEM is trading at a 16.7% premium to its trailing-five-year average multiple and a 43.5% premium to senior gold miners’ (GDX) average. Senior miners Kinross Gold (KGC), Barrick Gold (ABX), and Goldcorp (GG) are trading at forward multiples of 4.6x, 5.9x, and 7.6x, respectively.
CNBC•15 days agoThere are still great buying opportunities in this 'Buffett bounce': Money manager
When others are panicking, that's when it's time to go in and buy, Joule Financial's Quint Tatro says.
- Market Realist•15 days ago
What’s Warren Buffett’s Take on Gold?
Warren Buffett’s disdain for gold is well known. Warren Buffett used an initial investment of $10,000 as an example to demonstrate how buying gold with this amount versus buying a stock or index fund would have generated more returns.
- Market Realist•15 days ago
Bulls versus Bears: What’s Driving Gold?
Currently, there are many factors playing on gold prices, some of which are bullish while others are bearish. While bulls are taking cues from the recent geopolitical concerns stoked by trade tensions, the Syria attacks, and the whimsical policies of the current US administration, bears are taking solace from the rising US rate hike expectations. While the resistance is close to $1,360 per ounce, the $1,300 per ounce level is seen as the support level.
Market Realist•15 days agoNewmont Mining Gears Up for Growth
As we’ve discussed previously in this series, Newmont Mining (NEM), along with Barrick Gold (ABX) and Kinross Gold (KGC), saw its debt rise at the peak of the cycle due to expensive acquisitions. These companies are now focusing on steadily paying off their debt. Newmont has reduced its net debt by 83% since 2013. The company’s current priority is to maintain an investment-grade balance sheet and credit rating.
Market Realist•18 days agoCan Goldcorp Continue Its Outperformance after a Weak 1Q18?
Goldcorp (GG) reported its 1Q18 results on April 25 after the market closed and held its earnings conference call on April 26. Goldcorp’s earnings fell short of market expectations. Its earnings per share (or EPS) came in at $0.08, missing the consensus by $0.03 and significantly lower than $0.20 in 1Q17.
- Market Realist•18 days ago
What’s Driving Newmont’s Production Growth?
In 1Q18, Newmont Mining (NEM) produced 1.2 million ounces, marking a 1.6% decline year-over-year. The following factors led to this decline: lower leach activity at the Yanacocha mine lower-grade gold and scheduled maintenance at the Boddington mine lower-grade gold and reduced recovery at the Cripple Creek & Victor mine
- Market Realist•18 days ago
Could Newmont Mining Outshine Peers in 2018?
Newmont Mining (NEM) reported its 1Q18 earnings before the market opened on April 26, and held a conference call the same day. After beating earnings estimates in each quarter of 2017, Newmont reported another beat in 1Q18. Its EPS (earnings per share) of $0.35 were slightly higher than analysts’ estimate of $0.33.
Market Realist•18 days agoWill Gold Stocks Rebound from Their Current Levels?
If we are right in our late-cycle assessment, gold and gold stocks stand to benefit if the current market, characterized by confidence and complacency, transitions to one filled with risks and volatility. Under the right conditions, it probably won’t take long for the global gold mining sector with a market capitalization of just $250 billion to fill the valuation gap and regain its historic beta to gold. Gold stocks are extremely cyclical.
- Market Realist•19 days ago
How Are Miners Moving at the Beginning of May?
Usually, precious metal mining companies follow precious metals. Precious metals seem to be in the doldrums over the Fed’s decision about moving interest rates and the strength of the US dollar. The recent slump in demand for haven assets also affected the miners.
- GlobeNewswire•19 days ago
Exchange-Traded Funds (ETFs) Presenting at Capital Link’s 17th Annual Closed-End Funds & Global ETFs Forum Thursday, May 17, 2018 –the Metropolitan Club, New York City
NEW YORK, May 03, 2018-- Capital Link’ s 17th Annual Closed-Ends Funds & Global ETFs Forum will take place on Thursday, May 17, 2018 at the Metropolitan Club in New York City.. This event is held in cooperation ...
Market Realist•19 days agoBroader-Market Correction Failed to Boost Gold Equities
3. Gold stocks have yet to recover from the early February sell-off: Investors viewed the general market sell-off as an overdue correction, rather than the reemergence of systemic risks. This interpretation precluded a flight to safe havens, causing gold and especially gold stocks to sell-off with the market in early February. As a result, RBC Capital Markets notes that the gold producers are trading at a roughly 20% discount to their historic valuations.
Market Realist•19 days agoWill Cerro Moro Be a Game-Changer for Yamana Gold?
(Continued from Prior Part)Cerro Moro starts up Yamana Gold’s (AUY) newest mine, Cerro Moro in Argentina, has started production. The first ore was fed to the mill on April 25. The start-up of the mine is progressing well, and the milling rates and feed grades are expected to ramp up through the second quarter. Yamana expects the first doré from the operation in May. Cerro Moro, a game-changer Cerro Moro is a very significant operation for Yamana. It’s expected to contribute meaningfully to Yamana’s production growth at costs below the company’s current average costs. ...
Market Realist•19 days agoAre Gold Miners’ Cost Concerns Overblown?
After talking with many producers about their cost drivers, we believe cost concerns are overblown and that costs will fluctuate around the $900 level for the foreseeable future. It seems the labor market has tightened somewhat in Australia, but companies are not reporting any wage pressures In fact, BMO Capital Markets sees the all-in costs of the gold companies in their coverage universe declining 8% in 2019. In its 2018 “Gold Yearbook,” the New York–based CPM Group showed that AISCs (all-in sustaining costs) for gold mining companies (GDX)(IAU) bottomed out in 1Q16 to $871, down 27% from the peak of $1,187 in 3Q12.
Market Realist•19 days agoWhy Markets Are Ignoring Gold Equities
There are several reasons for the underperformance: A lack of interest in safe-haven3 investments: While volatility has returned to markets this year, it has yet to reach worrying levels that might motivate investors to hedge their exposure. RBC Capital Markets reports the six-month trailing beta to gold of the VanEck Vectors® Gold Miners ETF has declined to 1.5x, compared to a historical average of 2.0x. The corresponding betas for the VanEck Vectors® Junior Gold Miners ETF is 1.7x and 2.2x, respectively. ...
Market Realist•20 days agoGold Equities Underperformed Gold Bullion
(Continued from Prior Part)VanEck Lack of interest, misguided cost concerns fueling gold equity underperformance
- Market Realist•20 days ago
Domestic Issues Curtailed Bullion Demand in India
Physical demand in India has been weak for a couple of years now due to import restrictions, taxation, and currency changes. While we wait for favorable developments from India, the positive trend in prices has been driven by investment demand for gold bullion exchange traded products (ETPs). According to the WGC (World Gold Council), though gold (SGOL) demand in India increased 9% in 2017 to 727 tons, it was much less than the average five-year demand of 810 tons.
- Market Realist•21 days ago
These Miners Fell with Gold
The last one week was choppy for precious metals amid a significant rise in the dollar. Mining stocks have also fallen dramatically due to the slump in gold and silver.
- Market Realist•27 days ago
Barrick Gold Stock Rose on 1Q18 Earnings Beat
Barrick Gold (ABX) reported its 1Q18 results on April 23 after the market closed. It held a conference call the next day. It reported EPS (earnings per share) of $0.15, which represented a beat of $0.01 on consensus expectations. However, it missed on revenues by ~$50 million, reporting a top line of $1.8 billion. It maintained its production and unit costs for 2018.
