GDX - VanEck Vectors Gold Miners ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
23.67
+0.21 (+0.90%)
At close: 4:00PM EDT
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Previous Close23.46
Open23.75
Bid0.00 x 47300
Ask0.00 x 36200
Day's Range23.34 - 23.88
52 Week Range17.28 - 23.88
Volume37,253,761
Avg. Volume38,100,056
Net Assets9.26B
NAV23.45
PE Ratio (TTM)N/A
Yield0.55%
YTD Return11.30%
Beta (3Y Monthly)0.01
Expense Ratio (net)0.53%
Inception Date2006-05-16
Trade prices are not sourced from all markets
  • Why Jeffrey Gundlach Likes Gold
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  • InvestorPlacelast month

    3 of the Best ETFs to Buy for a Play on Gold Stocks

    With a few tweets, gold stocks are looking a bit more golden these days. As President Trump announced that a trade deal with China was off the table for now and that tariffs would increase, investors have naturally gotten nervous. Volatility has spiked and markets saw some heavy losses over the last few trading sessions. With that, gold stocks have once again gotten the nod from investors.Prices for the precious metal have steadily risen on the back of the bad news. Today, June gold futures are clocking at around $1,287.40 per ounce. That's near their highs for the year.Those highs are wonderful news for the various gold stocks. Thanks to their fixed costs, the miners make a pretty penny on the difference between what it costs them to produce and what gold is trading at. The difference between the two price points is generally all profit for the major mining firms. So, the higher gold goes, the more money the miners will make. So, with the precious metal trending higher amid the uncertainty, the various gold stocks could be some of the biggest beneficiaries in the current market malaise.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 'Buy-and-Hold' Stocks to Own Forever The question is, how can investors take advantage of it? With that, here are three golden ways to play gold stocks. VanEck Vectors Gold Miners ETF (GDX)When it comes to buying gold stocks through exchange-traded funds, it's the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) and then everyone else. Thanks to its first-mover status, GDX has become the perennial investor favorite. Featuring huge trading volumes and more than $8.8 billion in assets, the ETF is really in a league of its own. And there is a good reason for that.GDX tracks the NYSE Arca Gold Miners Index, which is the main benchmark of gold stocks. To be included, miners must derive at least 50% of their revenues from the sale of gold. This creates a portfolio of 46 different miners such as top dogs like Barrick Gold (NYSE:GOLD) and Franco-Nevada (NYSE:FNV). The ETF is diverse as well and features a global portfolio. About half of the fund's holdings are from Canada with the U.S., Australia and South Africa rounding out the top nations.Focusing on the top dogs has been good for GDX's overall returns.As of the end of the first quarter, the ETF has managed to produce a 4.42% annual total return over the last three years. While that may not be super impressive on the surface, this return actually bests other large/senior gold stocks ETFs by a wide margin. So, if you're going to go the index approach, GDX has earned its crown.Even including the ETF's high 0.52% expense ratio ($52 per $10,000 invested), GDX remains simply the best broad way to play gold stocks. Sprott Junior Gold Miners Exchange Traded Fund (SGDJ)Investors looking for more "oomph" from their gold stocks may want to think small. That is, towards the junior miners.The junior miners are often exploration companies with just one or two mines. And in many cases, those mines are not operational or producing gold yet. Because of this, they are often buyout targets from larger gold firms. And as such, serve as the valuable first step in future gold supply. Generally, when prices rise, the junior miners are more valuable due to the amount of gold in their potential reserves.The problem is, they are risky as heck and there's no guarantee that a claim will actually turn into future production.This is where the Sprott Junior Gold Miners Exchange Traded Fund (NYSE:SGDJ) could be a great way to bet on these gold stocks. SGDJ is a so-called smart-beta ETF and uses various screens to craft its index. The ETF kicks out the smallest of the small gold stocks and then applies revenue growth and price momentum models onto its holdings. Those stocks that make the cut are added to its index. This eliminates some of the risk associated with the juniors. With it, investors get a portfolio of stocks that actually have the potential to succeed. The strategy seems to be working, with SGDJ providing a 4.91% annual return since its inception in 2015. * 10 Stocks That Could Squeeze Short Sellers, Including CGC In the end, the juniors can be a great gold stock play and SGDJ makes that play easier to swallow. Expenses for the ETF run at 0.57%. U.S. Global Investors Gold & Precious Metals Fund (USERX)Index investing is great, but there are some areas where an active touch can help deliver better returns. This seems to be the case with gold stocks and other precious metals equities. And one of the best mutual funds in the sector happens to the U.S. Global Investors Gold & Precious Metals Fund (MUTF:USERX).USERX has a long history of outperformance in the sector. Making its debut back in 1974 as one of the first no-load mutual funds, the fund has consistently been one of the best ways to play the gold miners. Currently, the fund features a four-star rating from Morningstar. The reason for the high rating and continued outperformance is due to the underlying managers.Frank Holmes and his team all have backgrounds in geology and mining finance. This gives them plenty of "boots on the ground" knowledge in the sector. Secondly, the fund tends to focus on the senior miners that are currently pulling gold or other precious minerals out of the ground. With that, there's less overall risk and volatility to the fund. The combination along with U.S. Global's general focus on "growth at a reasonable price" has made it one of the best performing gold funds.Over the last five years, USREX has managed to produce a 2.05% annual return. This compares to just 0.76% annual return for the FTSE Gold Mines Index. This is even with the fund's rather high 1.65% expense ratio.Overall, when it comes to an effective, actively managed way to play gold stocks, USERX could be it.At the time of writing, Aaron Levitt did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 6 Trade War Stocks With a Lot of Risk * 7 Bond ETFs to Buy * 10 Stocks That Could Squeeze Short Sellers, Including CGC Compare Brokers The post 3 of the Best ETFs to Buy for a Play on Gold Stocks appeared first on InvestorPlace.

  • 3 Charts That Suggest Now Is the Time to Buy Gold
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  • 5 Gold Stocks That Should Keep Glittering in 2019
    InvestorPlacelast month

    5 Gold Stocks That Should Keep Glittering in 2019

    Editor's note: This story was previously published in February 2019. It has since been updated and republished.As concerns about the health of the global economy continue, one asset class has started to shine in a big way. We're talking about precious metals and gold stocks.The price of gold has steadily climbed and is now around $1283 per ounce. For the various gold stocks, this is a huge blessing.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAfter suffering from low gold prices for years, the steady climb is great news for the sector's bottom line. That's because the gold stocks make money on the difference between what it costs them to produce and what gold is trading at. The difference between the two price points is generally all profit for the major mining firms. So, the higher gold goes, the more money the miners will make. * 7 Cloud Stocks to Buy on Overcast Days With increasing volatility and uncertainty in the world as well as rising M&A, the gold stocks are sitting pretty in the current environment. Gold should stay steady and increase as the world's economy begins to slow. Then it will be all gravy for the various gold mining stocks.But which ones could be the best? Here are five gold stocks that should add some shine to a portfolio.Source: Jeremy Vohwinkle via Flickr (Modified) Barrick Gold (GOLD)When it comes to gold stocks, bigger is often better. As a miner, you can use scale to reduce costs and boost efficiency at your mines. And with gold prices rising, the largest mining stocks are able to pull in a bigger spread when comes to all-in cash costs. So, when one of the biggest gold miners gets that much bigger, you pounce on the opportunity.In this case, we're talking about Barrick Gold (NYSE:GOLD)GOLD was already a top-dog in the sector, but it's getting even better. When Barrick made the bold move to acquire rival Randgold Resources in 2018, it created the world's biggest gold mining firm. Combined the new company will own five of the world's top tier one gold mines. Tier one mines are prized as they are large, low-cost and have very long life-spans. The combination will help drive future profitability and production.So far this year, Barrick has been a little volatile, but is moving back up after peaking and falling back in March. doing well in the current gold environment. When it released it's year-end numbers it met expectations, but a recent earnings beat has stoked confidence.With a strong and growing dividend, lower cost potential and higher selling prices, Barrick is simply one of the best gold stocks to own.Source: Shutterstock Kirkland Lake Gold (KL)Kirkland Lake Gold (NYSE:KL) is a relative newcomer in the sector, but it's already moving up the gold stocks ladder to be a huge winner and attract major investor attention.KL owns four producing mines in Canada and Australia. And that's a good place to be. With safety and standard mining rules in place, KL has been able to see some huge results in its short life-span. The firm's strong production has it on pace to keep setting new expectations. Kirkland already has a new production record, mining 231.9 kilos in the first quarter of 2019. * 7 Dangerous Dividend Stocks to Stay Far Away From Meanwhile, the gold stocks mines are pretty low cost as well. Back in 2016, when it was ramping up its mines, KL's cash cost was around $930. Management at the gold miner expects that number to fall to just $680 for all of 2019.Pulling more production at higher selling prices while your cost is falling is a recipe for success. @ith some of the best metrics in the entire sector and continuing rising gold prices, KL stock should be a winner over the rest of the year.For investors, Kirkland may be unknown, but it won't stay that way for long.Source: Bullion Vault via Flickr (Modified) Coeur Mining Inc (CDE)Truth be told, Coeur Mining (NYSE:CDE) has long been the red-headed stepchild of the mining sector. The silver producer has typically been a penny stock and hasn't really produced great returns for long term investors. However, the firm's recent moveinto gold might change that.Historically, CDE has been a silver miner, but over the last few years, the mining firm has ramped-up gold production. Today, the yellow metal makes up more than 45% of CDE's mining revenue. That's a complete flip-flop with silver over the last decade, which is good for CDE because gold provides better margins.And speaking of those margins, Coeur has been able to release lower costs as well. Since 2014, CDE has been able to reduce its all-in costs at its five mines by more 20%. With gold and silver prices rising, CDE's lower cash costs will allow to pull in more per oz going forward. This helps explain why the stock has rocketed higher since the start of the year.And it could keep going. With a strong balance sheet, plenty of reserves in the ground and expansion plans on the table, there's no reason why this silver producer turned gold stock won't see gains. It's certainly a riskier play than Barrick or even Kirkland, but the reward could be greater.Source: Karangahake Gorge Tunnel (New Zealand) via Flickr (Modified) Agnico-Eagle Mines (AEM)Shortly after Barrick purchased Randgold, other big-time gold stock Newmont (NYSE:NEM) made an offer for Goldcorp (NYSE:GG). Gold stocks are now M&A targets. The question is, who could be next. The answer very well could be Agnico-Eagle Mines (NYSE:AEM).AEM owns eight mines are located in Canada, Finland and Mexico. These mines feature high-quality and easy-to-access ore. That's helped Agnico-Eagle have some of the lowest all-in cash costs in the industry.According to AEM, the vast bulk of its current mineral reserves are able to be mined at total cash costs below $900 oz. And that number continues to fall as several other expansion efforts come online in the next year or two. All of this has helped AEM become a top-tier miner that features plenty of cash flows and a growing dividend. * 10 Great Stocks to Buy on Dips This makes it very attractive to larger rivals looking to instantly beef up their holdings with high-quality gold reserves. And with a market cap of only around $10 billion, the gold miner is very easy to swallow. And even if a buyout doesn't happen, AEM is still one of the best gold stocks to hold in a rising price environment.For investors, AEM is the total package of potential and current gains.Source: Shutterstock iShares MSCI Global Gold Miners ETF (RING)Given the opportunities for many gold stocks to see gains with higher prices, perhaps a broad approach is best. Typically, the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) is the first stop when it comes to broad gold mining stock exposure. However, the iShares MSCI Global Gold Miners ETF (NASDAQ:RING) may be a better fund.RING and GDX track similar indexes of global gold producers. However, RING is slightly more concentrated with just 37 different miners versus GDX's nearly 60. That concentration hasn't hurt the performance of RING. Over the last three years, the average annual return for the ETF has clocked in at around 16%. That's roughly equal to GDX's performance over that time.But over the long haul, RING's edge comes down to expenses. RING only charges 0.39% or around $39 per $10,000 invested. Meanwhile, GDX's expense ratio clocks in at 0.53%. All things being equal RING should be able to outperform GDX as GDX has a larger expense drag. Even better is that RING is available to trade commission free at many brokerage firms such as Fidelity.Given the lower fees and potential to save on trading commissions, investors looking to broadly play the gold stocks may want to pick the smaller RING over the popular VanEck fund.At the same of writing, Aaron Levitt did not hold a position in any of the stocks mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks That Won Super Bowl Sunday * 7 High-Yield ETFs for Brave Investors * 10 F-Rated Stocks That Could Break Your Portfolio Compare Brokers The post 5 Gold Stocks That Should Keep Glittering in 2019 appeared first on InvestorPlace.

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