GDX - VanEck Vectors Gold Miners ETF
| Previous Close | 22.41 |
| Open | 22.54 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 22.49 - 22.75 |
| 52 Week Range | 20.84 - 25.58 |
| Volume | 35,369,699 |
| Avg. Volume | 43,141,548 |
| Net Assets | 8.24B |
| NAV | 21.96 |
| PE Ratio (TTM) | N/A |
| Yield | 0.80% |
| YTD Return | -5.42% |
| Beta (3y) | 0.58 |
| Expense Ratio (net) | 0.53% |
| Inception Date | 2006-05-16 |
- Market Realist•22 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.
- MarketWatch•yesterday
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).
- Market Realist•2 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.
Market Realist•3 days agoCould 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.
Market Realist•4 days agoOutlook: 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.
- Market Realist•4 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.
- Market Realist•5 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%.
Market Realist•5 days agoWhy 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.
- Market Realist•6 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.
- MarketWatch•7 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.
- Market Realist•8 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.
- MarketWatch•9 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.
- Market Realist•9 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.
Market Realist•9 days agoWill 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.
Market Realist•12 days agoWhich 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 Realist•13 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.
- Zacks•13 days ago
Why Gold Mining ETFs Are Rallying
Inside a few reasons that explain the recent rally in gold mining ETFs.
- Market Realist•13 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.
- Zacks•13 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.
- Market Realist•14 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.
- Benzinga•14 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 ...
- MarketWatch•14 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.
- MarketWatch•15 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.
- Market Realist•15 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 Realist•16 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.
