GDX - VanEck Vectors Gold Miners ETF
| Previous Close | 20.20 |
| Open | 20.10 |
| Bid | 0.00 x 2900 |
| Ask | 0.00 x 3000 |
| Day's Range | 19.99 - 20.55 |
| 52 Week Range | 17.28 - 24.86 |
| Volume | 36,277,092 |
| Avg. Volume | 45,831,278 |
| Net Assets | 8.94B |
| NAV | 19.10 |
| PE Ratio (TTM) | N/A |
| Yield | 0.92% |
| YTD Return | -17.86% |
| Beta (3Y Monthly) | 0.21 |
| Expense Ratio (net) | 0.53% |
| Inception Date | 2006-05-16 |
Market Realist•7 days agoCould Market Risks Restore Investors’ Focus on Gold and Miners?
As we’ve discussed in this series, market uncertainty is increasing. Looming earnings deceleration, trade policy uncertainty, and the Fed’s tightening have been major factors weighing on investors’ minds. For most of this year, gold (GLD) has not been a safe-haven asset, as the US dollar (UUP) (USDU) has continued strengthening and the Fed’s rate hike outlook has remained strong.
Market Realist•7 days agoWhich Gold Miners Could Offer Valuation Upsides after Q3 2018?
Which Gold Miners Have Shown Upside Potential since Q3? As we discussed in As Positive Catalysts for Gold Emerge, Which Miners May Benefit? gold miners are looking inexpensive compared to broader equities. The average ratio of the NYSE Arca Gold Miners Index and the S&P 500 Index (SPY) is 0.20 compared to the ten-year average of 0.68.
- GlobeNewswire•7 days ago
ISS Recognizes Prolonged Value Destruction and Governance Concerns at Detour Gold
Paulson & Co. Inc. (“Paulson”), one of the largest, long-term shareholders in Detour Gold Corporation (DGC.TO) ("Detour Gold" or the "Company”) announced today that Institutional Shareholder Services (“ISS”), an independent proxy advisory firm, has recognized that following a prolonged period of value destruction, Detour Gold’s Board of Directors has exhibited characteristics of entrenchment, and only started to react when Paulson and other shareholders began to publicly advocate for change. A number of large shareholders have conveyed their belief to Paulson that real change for the better will only take place when the core, long-term directors – including former Chair and current Interim CEO, Michael Kenyon (who is receiving 2x the salary of the former CEO), current Chair, Alex Morrison and the Chair of the Technical Committee, Ed Dowling (who has overseen technical failures of the mine) are removed and replaced.
- Market Realist•10 days ago
How Gold Stocks Have Performed This Year
MORRIS: That’s interesting. Well, now let’s move on to the companies. I’ve heard you say a number of times that you think the industry is in great shape, they’ve contained their cost. The companies are in great shape. Can you tell us a little bit more about your view of the companies’ position right now financially?
- Market Realist•10 days ago
How Gold Mining Exposure Can Hedge Your Portfolio
Is Gold Positioned for a Bullish Turn as We Enter 2019? FOSTER: We’re at the point in the cycle I think investors should think of some defensive measures. MORRIS: One other thing I wanted to talk to you about today, is that there’s been some recent merger activity, and I remember hearing that you’d actually looked at the recent developments as pretty positive overall, for the industry, and could be another positive catalyst for gold miners.
Market Realist•10 days agoWhat Are Gold Miners’ Technical Indicators Telling Us?
Which Gold Miners Have Shown Upside Potential since Q3? In this article, we’ll take a look at senior gold miners’ technical indicators. Moving averages help traders and investors make market entry or exit decisions.
- Market Realist•10 days ago
What Could Help Gold Get Its Shine Back?
Can you think right now if some of the current geopolitical events in the world, and something that in your mind might trigger a resumption of a new bull market for gold out of this space, and off this space?
Market Realist•10 days agoWhat Are Analysts’ Estimates for Gold Miners’ Future Earnings?
Now that we’ve considered analysts’ revenue estimates for the senior gold miners under review (GDX) in this series, let’s take a look at analysts’ EBITDA estimates.
Market Realist•10 days agoWhat Factors Are Affecting Revenue Forecasts for Gold Miners?
In the previous article, we looked at analysts’ ratings for senior gold mining companies. In this article, we’ll look at analysts’ estimates for those companies’ (GDX) (JNUG) revenues going forward.
Market Realist•11 days agoWhich Gold Miners Do Analysts Love after Q3 2018 and Why?
Which Gold Miners Have Shown Upside Potential since Q3? Among the senior gold miners under our review (GDX) (GDXJ), analysts are most optimistic about Goldcorp (GG). A year ago, only 40% of analysts had “buy” ratings on the stock.
- Benzinga•11 days ago
Powell Pushes Gold ETFs Higher... Sort Of
GLD, the largest gold ETF by assets, entered Wednesday with a year-to-date loss of 7 percent before gaining 0.37 percent on above-average volume. Higher interest rates are seen as a drag on gold because the yellow metal and the related ETFs don't pay a coupon or interest, leaving little incentive for income-starved investors to embrace bullion in rising rate environments.
Market Realist•11 days agoWhich Gold Miners Show Free Cash Flow Upside?
FCF (free cash flow) generation is important for gold mining companies (SGDM) (GDX), as this excess cash helps miners optimize their financial leverages, invest in projects that can drive long-term value, and provide shareholder returns.
Market Realist•11 days agoWhich Gold Miners Can Easily Repay Their Debts?
One of the ratios by which we can gauge a mining company’s debt-repayment capacity is the net debt-to-forward-EBITDA ratio, which indicates the number of years it would take for a company to repay its debt.
- TheStreet.com•12 days ago
Here's Why Investors Should Still Pay Attention to Gold Miners: Chart
U.S. markets are staging a long-awaited rebound this week, bouncing higher for a third straight session Wednesday after a particularly nasty short Thanksgiving trading week. That might pull investors' attention back away from conventionally defensive assets like gold.
Market Realist•12 days agoDo Gold Miners’ Liquidity Profiles Look Comfortable?
Which Gold Miners Have Shown Upside Potential since Q3? One way to assess a company’s liquidity is to calculate its current ratio. Newmont Mining (NEM) is doing the best on this front with a ratio exceeding 4.0x.
Market Realist•12 days agoChecking Up on Gold Miners’ Financial Health after Q3
Which Gold Miners Have Shown Upside Potential since Q3? As precious metals prices started weakening, investors shifted their focus from high-leverage miners (GDX) (GDXJ) to low-leverage miners with sound growth plans, leading miners to trim their balance sheets. Newmont Mining’s (NEM) net debt at the end of the third quarter was ~$1.1 billion compared to $1.9 billion at the end of 2016.
- Market Realist•12 days ago
A Look at Gold Miners’ Financial Leverages after Q3 2018
Which Gold Miners Have Shown Upside Potential since Q3? Since high debt levels can strain a company’s credit rating and growth decisions, it’s important to look at its financial leverage. Barrick Gold (ABX) and Newmont Mining (NEM) have come a long way as far as their financial leverages are concerned.
Market Realist•13 days agoWhich Gold Miners Can Increase Production through Pipelines?
Which Gold Miners Have Shown Upside Potential since Q3? After making discretionary cuts on exploration and capex for many years, gold miners (GDX) (JNUG) have started to refocus on production growth. Newmont Mining (NEM) has approved eight projects since mid-2014.
Market Realist•13 days agoGold Miners’ Production Profiles Are Declining—What Does It Mean?
Which Gold Miners Have Shown Upside Potential since Q3? Goldcorp (GG) produced 503,000 ounces of gold during the third quarter, a fall of ~20.5% YoY (year-over-year). Barrick Gold (ABX) produced ~1.15 million ounces of gold in the third quarter, a fall of ~7.0% YoY.
Market Realist•14 days agoWhich Gold Miners Beat and Which Missed Expectations in Q3?
Among the gold miners (RING) (GDX) we’re discussing in this series, Newmont Mining (NEM) and Barrick Gold (ABX) beat analysts’ earnings expectations in the third quarter. However, even for these two, the results weren’t out-and-out beats, as they slipped on top line expectations.
Market Realist•14 days agoWhich Gold Miners Have Shown Upside Potential since Q3?
Gold prices (GLD) saw their first monthly gain in the last seven months in October, when prices rose 2.1%. The gain was preceded by gold’s longest monthly losing streak since January 1997.
Market Realist•14 days agoHow Might Kinross Gold’s Balance Sheet Support Its Future Growth?
Kinross Gold’s (KGC) liquidity position at the end of the third quarter was reflected its strategic investments. The company had cash and cash equivalents of $500 million in the third quarter compared to $918.7 million at the end of the second quarter. This liquidity position is significant given that the company doesn’t have any debt maturity until 2021.
Market Realist•14 days agoCould Kinross Gold Lower Its Unit Costs Going Forward?
Compared to its closest peers, Kinross Gold (KGC) has been a high-cost gold producer. Higher costs make its cash flows more leveraged against changes in revenue. As a result, Kinross is highly leveraged to gold prices compared to its peers (GDX) Goldcorp (GG), Barrick Gold (ABX), and Newmont Mining (NEM).
Market Realist•17 days agoWhy Kinross Gold’s Rebound Potential Seems Limited Right Now
Kinross Gold (KGC) released its third-quarter earnings results after the market closed on November 7 and held its conference call the next day. It reported EPS of -$0.04, a $0.04 miss on analysts’ consensus estimate. Its revenue of $754 million also missed analysts’ expectation by 4.3%.
Market Realist•18 days agoWhat’s Newmont Mining Stock’s Valuation Upside?
Newmont Mining (NEM) has a forward enterprise value-to-EBITDA multiple of 7.9x, the highest among senior gold miners. Senior miners Kinross Gold (KGC), Barrick Gold (ABX), and Goldcorp (GG) are trading at forward multiples of 4.1x, 6.5x, and 6.2x, respectively. The fall in precious metals prices since the start of the year has depressed the multiples of most gold miners.
