GDX - VanEck Vectors Gold Miners ETF

NYSEArca - Nasdaq Real Time Price. Currency in USD
22.69
+0.28 (+1.25%)
At close: 4:00PM EDT
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Previous Close22.41
Open22.54
Bid0.00 x 0
Ask0.00 x 0
Day's Range22.49 - 22.75
52 Week Range20.84 - 25.58
Volume35,369,699
Avg. Volume43,141,548
Net Assets8.24B
NAV21.96
PE Ratio (TTM)N/A
Yield0.80%
YTD Return-5.42%
Beta (3y)0.58
Expense Ratio (net)0.53%
Inception Date2006-05-16
Trade prices are not sourced from all markets
  • Market Realist22 hours ago

    How Miners Are Performing in April amid Less Unrest

    Usually, precious metal mining companies follow precious metals for price direction. All four precious metals except palladium saw a down day on Friday, April 20. That led to a  fall in most miners’ prices.

  • MarketWatchyesterday

    What’s sabotaging gold’s attempts to rally

    Gold subsequently traded as high as $1,361 an ounce, before giving up most of that gain — including another $14 in trading on Monday of this week alone. Consider the average recommended gold market exposure level among short-term gold timers I monitor (as represented by the Hulbert Gold Newsletter Sentiment Index, or HGNSI).

  • Which Gold Miners Could See Valuation Upside after 1Q18 Earnings?
    Market Realist2 days ago

    Which Gold Miners Could See Valuation Upside after 1Q18 Earnings?

    Among the senior mining companies under review in this series (GDX), Agnico Eagle Mines (AEM) is trading at the highest EV-to-forward EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple, of 11.5x. As you can see in the graph below, AEM’s EBITDA margin is quite high. The company offers strong production growth, which is supported by a strong project pipeline.

  • Could Cerro Moro Be a Game-Changer for Yamana Gold?
    Market Realist3 days ago

    Could Cerro Moro Be a Game-Changer for Yamana Gold?

    Yamana Gold’s (AUY) stock has also underperformed the gold miners’ index (GDX) year-to-date by returning -6.6% as of April 17. AUY’s 4Q17 results disappointed, with the company reporting earnings far below analysts’ expectations. Its EPS (earnings per share) were -$0.20, below analysts’ estimate of $0.03. The major factor driving the loss was a $356 million non-cash impairment charge related to the remeasurement of its Gualcamayo mine and related expansion projects in Argentina. Investors are wary of Yamana’s inconsistent operational results.

  • Outlook: Newmont Mining’s Stock Momentum after 1Q18 Results
    Market Realist4 days ago

    Outlook: Newmont Mining’s Stock Momentum after 1Q18 Results

    Newmont Mining (NEM) is one of the very few gold mining stocks to have given a positive return year-to-date. As of April 17, it has returned 10.9%, compared to a loss of 1.5% for the VanEck Vectors Gold Miners ETF (GDX). Its strong project pipeline is the major driver behind its consistent-to-increasing production profile.

  • Assessing Gold Miners’ Free Cash Flow in 2018 and Beyond
    Market Realist4 days ago

    Assessing Gold Miners’ Free Cash Flow in 2018 and Beyond

    Investors are typically interested in gold mining companies’ (GDX)(GDXJ) ability to generate FCF (free cash flow) because FCF helps them invest in future growth—apart from the aim of returning cash to shareholders.

  • Gold and Dollar Moved Together on Wednesday
    Market Realist5 days ago

    Gold and Dollar Moved Together on Wednesday

    A crucial factor that continues to affect gold is the US dollar. On Wednesday, gold and the US dollar rose 0.15% and 0.12%, respectively. However, these two move in the opposite direction most of the time. On a YTD (year-to-date) basis, gold has risen 3.4%, while the dollar has lost 2.7%.

  • Why IMF Is Worried about the US’s Expanding Debt Profile
    Market Realist5 days ago

    Why IMF Is Worried about the US’s Expanding Debt Profile

    On one hand, it has increased US growth projections due to the stimulus from tax cuts. Since these tax cuts are unfunded, the IMF believes that there will be a need for severe spending cuts in the coming years. It predicts that the US debt-to-GDP (gross domestic product) ratio will expand to 116.9% by 2023, surpassing Italy’s ratio, which should narrow to 116.6% by 2023.

  • Why Haven’t Miners Kept Up as Gold Remains Buoyant?
    Market Realist6 days ago

    Why Haven’t Miners Kept Up as Gold Remains Buoyant?

    Gold prices rose ~3% year-to-date (or YTD) after rising ~13% in 2017. Gold prices are affected by a number of factors, including rate hike expectations, trade war fears, the US dollar, and increasing volatility.

  • MarketWatch7 days ago

    Gold scores its highest finish in a week

    Gold futures notch their highest finish in a week as U.S. stocks struggle to hold gains and the dollar stabilizes.

  • Will Currency Wars Move the US Dollar after Trade War Concerns?
    Market Realist8 days ago

    Will Currency Wars Move the US Dollar after Trade War Concerns?

    Yesterday, Donald Trump accused Russia and China of devaluing their currencies. Trump tweeted that China and Russia are playing “the currency devaluation game as the U.S. keeps raising interest rates. Not acceptable!” Investors should note that this is a contradiction of the US Treasury, which had maintained that no major trading partners are manipulating their currencies.

  • MarketWatch9 days ago

    Gold ends higher as Trump comments put pressure on the dollar

    Gold prices end higher Monday, as U.S. President Donald Trump’s claim on Twitter that Russia and China are playing a currency devaluation game helped put pressure on dollar.

  • How Fed’s March Meeting Minutes Could Affect Gold Outlook
    Market Realist9 days ago

    How Fed’s March Meeting Minutes Could Affect Gold Outlook

    The Fed minutes from its policy meeting on March 20–21 were released on April 11, 2018. In the March meeting minutes, the FOMC (Federal Open Market Committee) staff review of the economy was stronger than the review presented at the January meeting. According to the minutes, all of the FOMC members expected 12-month inflation (TIP) to increase in the coming months.

  • Will Strong Earnings Help Equities to Detriment of Haven Assets?
    Market Realist9 days ago

    Will Strong Earnings Help Equities to Detriment of Haven Assets?

    The US launched surgical strikes on Syria over the weekend. Many markets such as Japan and other Asian markets have already shrugged off the strikes. An escalation of tensions, however, either due to Russian retaliation or more strikes from the US and allies could mean the risk-off sentiment in the markets affects equity markets negatively.

  • Which Gold Miners Have Upside Potential after 1Q18
    Market Realist12 days ago

    Which Gold Miners Have Upside Potential after 1Q18

    Among the senior mining companies under review in this series (GDX), Newmont Mining (NEM) is currently trading at the highest EV-to-forward EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple, of 8.3x. The company’s slower production growth added to its woes in 2017. Its follow-through on its long-term vision of improving reserves, production, and unit costs by 20% each by 2021 could go a long way in further re-rating its multiple. Barrick Gold’s (ABX) higher financial leverage is still a concern for investors, and the recent issues at its Tanzanian mines have added to its woes.

  • Market Realist13 days ago

    Following Metals, Miners Saw an Upswing on April 11

    Usually, precious metals mining companies follow precious metals. When precious metals rose on April 11, 2018, miners followed suit. Most miners saw an up day on April 11, though that may not always be the case.

  • Why Gold Mining ETFs Are Rallying
    Zacks13 days ago

    Why Gold Mining ETFs Are Rallying

    Inside a few reasons that explain the recent rally in gold mining ETFs.

  • A Look at Top Performers as Gold Equities Multiply Gold’s Gains
    Market Realist13 days ago

    A Look at Top Performers as Gold Equities Multiply Gold’s Gains

    As gold prices remained buoyant, gold equities also rose. The VanEck Vectors Gold Miners ETF (GDX) rose 2.2% against gold’s 1.0% gain. Among the major gold equities, Yamana Gold (AUY) rose the most by 6.4%, followed by IAMGOLD (IAG), which rose 4.6%. These two stocks are more leveraged to gold prices as compared to their peers. IAG, for example, rose 148% and 41% in 2016 and 2017, respectively, against gold price gains of 8% and 13% in 2016 and 2017. Year-to-date (or YTD), AUY and IAG have returned -9.4% and -11.3%, respectively.

  • Ride the Precious Metal Rally With 3 Top-Ranked Gold Stocks
    Zacks13 days ago

    Ride the Precious Metal Rally With 3 Top-Ranked Gold Stocks

    Geopolitical tensions and increasing inflationary expectations may boost these gold mining stocks.

  • How Gold and Gold Miners Performed in 1Q18
    Market Realist14 days ago

    How Gold and Gold Miners Performed in 1Q18

    Gold prices rose ~1% in 1Q18 after rising ~13% in 2017. Gold prices are being affected by a number of factors, including rate hike expectations, trade war fears, the US dollar, and increasing volatility.

  • Benzinga14 days ago

    A New ETF Of ETFs For Diverse Asset Allocation

    A new exchange traded fund aimed at providing diverse asset allocation while limiting volatility debuted Tuesday. The VanEck Vectors Real Asset Allocation ETF (NYSE: RAXX) provides exposure to real assets ...

  • MarketWatch14 days ago

    Gold advances sharply as Syrian tension sparks flight to safety

    Gold futures prices extended their rally Wednesday, buoyed by geopolitical tensions focused on Syria and elsewhere that put the haven metal in demand, especially as stocks suffered anew.

  • MarketWatch15 days ago

    Gold up a third session to settle at 1-week high

    Gold futures finish higher Tuesday, buoyed by a weaker dollar and uncertainty surrounding U.S. reaction to a possible chemical-weapons attack in Syria.

  • Could Kinross’s Plunge Be an Opportunity for Investors?
    Market Realist15 days ago

    Could Kinross’s Plunge Be an Opportunity for Investors?

    On April 9, 2018, Kinross Gold (KGC) said in a press release that “its mining operations in Russia continue to operate according to plan and remain unaffected by the new sanctions announced by the United States on April 6, 2018.” The company also mentioned that it’s closely monitoring the sanction legislation in Canada, the US, and Europe to remain in compliance. While Kinross has been caught in an unwanted situation, there isn’t much negative impact expected from the sanctions to Kinross’s operations. The stock price reaction can probably be considered an overreaction, as everything related to Russia saw sell-offs yesterday.

  • Market Realist16 days ago

    How Mining Stocks Are Moving versus Precious Metals

    Usually, precious metal mining companies are closely related to movements in precious metals. Gold, platinum, and palladium had a down-day on Thursday, April 5, whereas silver had an up-day. Most mining companies followed the trend in silver, while a few turned downward.