GDX - VanEck Vectors Gold Miners ETF
21.41 -0.47 (-2.13%)
Pre-Market: 5:34AM EDT
| Previous Close | 21.88 |
| Open | 21.71 |
| Bid | 0.00 x 1400 |
| Ask | 0.00 x 1000 |
| Day's Range | 21.63 - 21.88 |
| 52 Week Range | 20.84 - 25.58 |
| Volume | 35,836,266 |
| Avg. Volume | 31,480,044 |
| Net Assets | 8.51B |
| NAV | 22.27 |
| PE Ratio (TTM) | N/A |
| Yield | 0.79% |
| YTD Return | -4.00% |
| Beta (3y) | 0.45 |
| Expense Ratio (net) | 0.53% |
| Inception Date | 2006-05-16 |
Market Realist•8 days agoWhy Investors Should Take a Look at Gold in H2 2018
Gold prices have gone through a rough patch recently with prices closing near their seven-month lows. Gold is hitting lows despite many factors that are favoring its safe-haven status. Despite the escalation of trade war fears and political tensions in the European Union, gold prices have been trending lower. While these factors have helped gold, the US dollar is also attracting bids because of these factors, which has capped gold’s gains.
- Zacks•10 days ago
5 ETFs to Play in July
Investors may tap these five ETFs for gains as President Trump aims the first shot in the trade war.
Market Realist•10 days agoWhich Gold Miners Have Upside Potential after the First Half?
Gold Stayed Weak in the First Half of 2018—Will Its Year Improve? Among the senior mining companies under review in this series (GDX), Newmont Mining (NEM) is currently trading at the highest forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 8.0x. Goldcorp (GG) has the second-highest multiple at 7.4x, representing a premium of 18% to its peers. GG’s historical premium has, however, fallen.
Market Realist•13 days agoGold’s Modest Response to Europe’s Localized Risks
It seems that every time new, scary headlines emerge, press articles declare that gold no longer serves as a safe haven.2 The Italian political crisis is the latest case in point. The evolving situation in Italy is supportive of gold, as shown by its resilience against a strong move in the U.S. dollar. However, anyone expecting a big move from gold fails to understand the fundamentals of the gold market. Gold responds to genuine global systemic risks. These are risks that can have a negative financial impact on just about everyone personally and/or professionally, i.e. ...
- Market Realist•13 days ago
Why Gold Gold Stayed Resilient in May
Gold remained resilient in May, as the U.S. dollar strengthened considerably. The U.S. Dollar Index (DXY)1 gained 2.4% and closed the month at its highs for the year, driven by new fears of an Italian debt default and EU breakup. Populist parties from the left and right are attempting to form a coalition government that would likely drive Italy further into debt and to promote initiatives that would enable Italy to exit the euro.
Market Realist•13 days agoAnalysts’ Sentiments: Gauging Gold Miners’ Upside Potentials
Gold Stayed Weak in the First Half of 2018—Will Its Year Improve? Are sentiments improving for Newmont Mining and Goldcorp? Among senior gold miners, analysts are the most bullish on Goldcorp (GG), assigning it 70% “buy” and 5% “sell” ratings.
- Market Realist•20 days ago
How the Rate Hike Trajectory in the United States Impacts Gold
Aside from the market unrest that’s capturing the attention of financial market participants, several other crucial elements are also influencing the movement of precious metals. The Federal Reserve’s decision to increase interest rates is a major factor in the movement of precious metals. Interest rates seem to be on an upward trajectory.
Market Realist•23 days agoGold Miners Follow Gold Downward
Along with gold, gold stocks fell yesterday. Gold stocks usually act as a leveraged play on gold prices. While gold prices (GLD) fell 0.4% yesterday, the VanEck Vectors Gold Miners ETF (GDX) fell 0.8%. The losses were led by Eldorado Gold (EGO), New Gold (NGD), Goldcorp (GG), and IAMGOLD (IAG), which fell 2.7%, 2.4%, 1.9%, and 1.4%, respectively. Excluding Goldcorp, these stocks are much more leveraged to gold prices than other GDX components because of their higher operational or financial leverage. Eldorado Gold and New Gold have been facing mine issues, impacting their performance this ...
Market Realist•24 days agoTaking Another Look at Gold
Is It Time to Turn Bullish on Gold after Its Recent Weakness? In the preceding parts of this series, we discussed how gold prices haven’t been able to catch a significant bid even in the face of rising trade war fears and geopolitical tensions. The strength of the US dollar has been the most important variable impacting gold prices in the last few months.
Market Realist•28 days agoKinross Gold on the Street: Analysts’ Latest Ratings
The VanEck Vectors Gold Miners ETF (GDX) has returned -2.3%, and the SPDR Gold Trust (GLD), which tracks gold’s physical price, has returned -0.2%. Kinross Gold was punished mainly because of its exposure to Russia through two of its mines.
Market Realist•29 days agoWhat’s Baked In to Gold Fields’ Analyst Ratings?
Most mining companies with operations in South Africa are facing infrastructure issues and labor concerns. South African miners are also facing issues due to safety regulations at their mines following several accidents due to controllable and uncontrollable circumstances. This is also true of Gold Fields (GFI), which has mines in Ghana and South Africa.
- MarketWatch•last month
Gold settles near 2018 low, draws scant trade-linked haven demand
Gold futures fell Tuesday to settle near their lowest levels of the year, as concerns over a potential trade war prompted more investors to seek refuge in the U.S. dollar, lifting a benchmark index for the greenback to its highest levels of 2018. Gold bucked what is typically a haven role for the precious metal when markets are roiled. “Gold has descended into the abyss despite intensifying trade tensions rattling financial markets and leaving investors on edge,” said Lukman Otunuga, research analyst at FXTM.
Market Realist•last monthDo Analysts Think You Should Buy Goldcorp?
Goldcorp (GG) has operations across Canada, the United States, Mexico, Central America, and South America. You can learn more about Goldcorp in Market Realist’s An Investors’ Guide to Goldcorp. Currently, 20 Wall Street analysts are tracking GG stock, of which 70% recommend “buys,” 25% recommend “holds,” and 5% recommend “sells.” Its current target price of $18.0 implies a potential upside of 26% based on its current market price.
- Market Realist•last month
Why Analysts Still Favor Wheaton Precious Metals
Among the major gold mining and gold streaming companies, Wheaton Precious Metals (WPM), the world’s largest precious metals streaming company, has received the highest percentage of “buy” recommendations at 92.0%, and this level hasn’t changed much over the past year. Wheaton Precious Metals, previously known as Silver Wheaton (SLW), is a royalty and streaming company. In fact, they provide up-front funds to precious metals mining companies in exchange for the right to buy their product streams at lower prices in the future.
Market Realist•last monthFive Gold Stocks Analysts Love—and Five They Don’t
Five Gold Stocks Analysts Love—and Five They Don'tGold mining companies Recently, gold prices (GLD) have resumed their downward trend, mainly due to the US dollar’s strength. The SPDR Gold Shares ETF (GLD) has fallen 0.2% as of June 14. The VanEck Vectors Gold Miners ETF (GDX) has had a worse showing at -2.5% YTD (year-to-date). Among senior miners, only Goldcorp (GG) has gained in the double digits, rising 12.1% YTD. Newmont Mining (NEM) is the only other senior gold miner to have gained positively YTD in 2018. Barrick Gold (ABX) and Kinross Gold (KGC), on the other hand, have fallen 9. ...
- Zacks•last month
Profit from the Commodities Rally with These ETFs
Here are what investors need to know about the commodities rally and related ETFs.
- Market Realist•2 months ago
Why the RAAX Fund Is Mostly Bullish on May Positioning
RAAX remains fully invested across commodities, natural resource equities, and MLPs. As they were at launch, the largest weightings remain in diversified commodities (30%), gold bullion (20%), and agribusiness equities (20%). However, its allocation to gold equities now stands at 10%, increasing overall gold exposure to 30%.
- Market Realist•2 months ago
The RAAX Fund’s April Performance: Must-Knows
The VanEck Vectors Real Asset Allocation ETF (RAAX) launched, on April 9, into a period of strong performance for real assets. RAAX performed well on both an absolute and relative basis. Through April, in the first 16 days of its life, RAAX returned +2.98% based on net asset value versus +2.41% for its benchmark, the Blended Real Asset Index, which is comprised of an equally weighted blend of the returns of Bloomberg Commodity Index, S&P Real Assets Equity Index, and VanEck Natural Resources Index*. Equal weightings are reset monthly.
CNBC•2 months agoYour first trade for Thursday, May 24
The "Fast Money" traders share their first moves for the market open.
- Market Realist•2 months ago
Eldorado Gold Stock Skyrocketed on May 22
Eldorado Gold (EGO) stock suffered a great deal in 2017 due to the standoff with the Greek government and some technical issues at its Turkey mines. The VanEck Vectors Gold Miners ETF (GDX) and the SPDR Gold Shares (GLD) fell 3.9% and 0.9%, respectively, YTD. Agnico Eagle Mines (AEM), Yamana Gold (AUY), and IAMGOLD (IAG) returned -7.2%, -8.0%, and 3.3%, respectively.
- Market Realist•2 months ago
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•2 months 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•2 months 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•2 months 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•2 months 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.
