GDX - VanEck Vectors Gold Miners ETF

NYSEArca - Nasdaq Real Time Price. Currency in USD
22.99
-0.37 (-1.58%)
At close: 4:00PM EST

22.92 -0.06 (-0.26%)
After hours: 7:42PM EST

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Previous Close23.36
Open23.11
Bid0.00 x 800
Ask0.00 x 800
Day's Range22.94 - 23.21
52 Week Range17.28 - 23.31
Volume45,724,188
Avg. Volume48,435,700
Net Assets10.79B
NAV23.11
PE Ratio (TTM)N/A
Yield0.52%
YTD Return9.68%
Beta (3Y Monthly)0.10
Expense Ratio (net)0.53%
Inception Date2006-05-16
Trade prices are not sourced from all markets
  • 3 Gold Stocks Percolating Right Now
    InvestorPlace5 hours ago

    3 Gold Stocks Percolating Right Now

    The yellow metal has been on fire, with gold hitting multi-month highs and threatening to run to new 52-week highs should its recent momentum continue. As such, gold stocks have been on the move as well, pushing higher as its underlying product gains in value. * The 10 Best Cheap Stocks to Buy Right Now To no surprise then, the SPDR Gold ETF (NYSEARCA:GLD) continues to climb as well, a trade we outlined the other day as part of our daily Top Stock Trades note. Should it hold up over support, the GLD can certainly press higher and threaten to make a much larger breakout. Let's look at three of the best gold stocks that could climb as a result.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Gold Mining ETFs Click to EnlargeThe most direct way to play gold is through physical bullion. Meaning that investors can head to their local coin and metals dealer or an online site that sells gold coins, bars and bullion. That's the most obvious and direct way of investing in the metal, but there are added costs to account for. Storing the metal, shipping it and paying a premium are all considerations before making a decision.Then there's the futures market, which is a direct way to purchase the metal. However, short of playing these contracts as a trade, they will eventually expire. It will force the investor to continually "roll" their investment into another futures contract or exercise the contract and take delivery of physical gold.So that leaves gold stocks ETFs as one alternative. Investors can consider the GLD ETF, which we highlighted above as one option. Of the gold ETFs, it's certainly the most popular. While there are drawbacks to owning gold ETFs vs. physical bullion (just as there are drawbacks to owning the latter instead of the former), gold ETFs are certainly the easiest to buy and sell. It's just like buying and selling a stock and it makes for a simple way to diversify.Another option? Owning gold miner ETFs. The largest and most well-known are the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) and the VanEck Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ). Gold miners perform much like gold, but generally have larger moves in the both directions. So if you believe gold is set to rally, it's quite likely that the GDX and GDXJ will outperform. If you believe gold is set to fall, these two will likely like underperform the underlying metal. Barrick Gold (GOLD) Click to EnlargeGetting into company-specific gold stocks, one consideration is certainly Barrick Gold (NYSE:GOLD). The miner commands a market cap of $24.1 billion after it merged with Randgold at the beginning of the year. Aside from the synergies created by the deal and the benefits of larger scale, GOLD has one big benefit investors miss when investing directly in gold or the GLD: yield.One big complaint about investing in gold is that it's a hard asset. It does not generate income, report profits or have a business that becomes more valuable over time. Instead, it simply relies on investor demand and inflation to boost its value. With Barrick though, investors can collect a 2% dividend yield from their investment. That's no 7% like you get from AT&T (NYSE:T), but it is a nice chunk of income. * 7 Healthy Dividend Stocks to Buy for Extra Stability Analysts predict that revenue will rise 16% this year, fueling a 29% increase in earnings to 45 cents per share. I don't like to put much (if any) credence into outlooks two years out because commodity prices can fluctuate so much in that span, but analysts are calling for a further 9% bump in earnings despite relatively flat revenue growth in fiscal 2020. Kirkland Lake Gold (KL) Click to EnlargeA much smaller name worth considering is Kirkland Lake Gold (NYSE:KL). Standing with a market cap of "just" $7 billion, KL is less one-third the size of GOLD. However, that doesn't mean we should ignore this business.On Thursday, shares are bursting higher, climbing over 7% and hitting new 52-week highs after management raised its 2019 production outlook. More production amid rising gold prices means more revenue and more profit. Assuming that's the case, the estimates for fiscal 2019 will likely need to come up.KL still needs to report its fourth-quarter earnings results for fiscal 2018. Full-year 2018 estimates call for earnings of $1.23 per share on sales of $880.5 million. In Q3, management said it expects a strong finish to the year. If it can top those estimates and provide strong guidance, the stock could have more upside. Specifically, estimates call for earnings of $1.59 in fiscal 2019 on revenue of $1 billion, representing growth of 29% and 13.6%, respectively.With more than $250 million in cash and no debt, Kirkland is attractive in regards to the balance sheet but it pays a paltry dividend yield of just 0.35%. One other note: KL stock has been ripping, so waiting for a pullback may be wise for investors. Another note? KL will report earnings on February 22nd.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long T. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now * 7 Restaurant Stocks to Watch in 2019 Compare Brokers The post 3 Gold Stocks Percolating Right Now appeared first on InvestorPlace.

  • Gold Mining ETF (GDX) Hits New 52-Week High
    Zacks10 hours ago

    Gold Mining ETF (GDX) Hits New 52-Week High

    This gold mining ETF hits a new 52-week high. Are more gains in store for this ETF?

  • Benzinga10 hours ago

    Spike In Miners ETF Volume Matched By Leveraged Peers

    The VanEck Vectors Gold Miners ETF (NYSE: GDX), the largest gold miners exchange traded fund listed in the U.S. saw major volume spike Wednesday following a huge uptick in turnover on Tuesday. On Wednesday, 62 million shares changed hands in GDX, well above the ETF's average daily volume of 49 million. GDX “saw trading volume spike to its highest in two months Tuesday,” reports Bloomberg.

  • MarketWatch13 hours ago

    Newmont Mining's stock jumps after adjusted profit, sales rise above expectations

    Shares of Newmont Mining Corp. shot up 3.1% in premarket trade Thursday, after the gold miner beat profit and sales expectations. The company swung to net income of $2 million, or breakeven on per-share basis, from a loss of $542 million, or $1.01 a share, a year ago, due primarily to lower tax expense. Excluding non-recurring items, adjusted EPS rose to 40 cents from 1 cent, beating the FactSet consensus of 24 cents. Sales rose to $2.05 billion from $1.94 billion, above the FactSet consensus of $1.88 billion. Gold production increased 8% while the realized price fell 3%, while copper production was unchanged but the realized price fell 18%. The stock has gained 5.4% over the past three months, while the VanEck Vectors Gold Miners ETF has hiked up 18% and the S&P 500 has climbed 5.1%.

  • What’s in the Cards for Newmont Mining’s Q4 Results?
    Market Realistyesterday

    What’s in the Cards for Newmont Mining’s Q4 Results?

    What’s in the Cards for Newmont Mining’s Q4 Results?Newmont Mining’s earnings Newmont Mining (NEM) is scheduled to release its Q4 2018 earnings on February 21 before the market opens. The company will hold a conference call the same day at

  • ETF Trends2 days ago

    Precious Metals, Miners ETFs Surge on Safety Trade

    Precious metals mining stocks and sector-related ETFs surged as gold prices strengthened and investors look toward attractive areas in the late market cycle. Among the best performing non-leveraged ETFs ...

  • ETF Trends2 days ago

    Gold Miners ETFs Could Deliver More Upside

    The VanEck Vectors Gold Miners ETF (GDX), the largest gold miners exchange traded fund, is up more than 6% year-to-date, but over the past month, that gain is closer to 9%, underscoring the recent strength in gold miners equities. Some market observers believe that strength can continue over the near-term. Investors have seen government policy on both the monetary and fiscal side, such as interest rates, money supply, tax, regulations and spending, affect the outlook for gold prices.

  • Kinross Gold Beat Its Q4 Earnings Estimates
    Market Realist7 days ago

    Kinross Gold Beat Its Q4 Earnings Estimates

    Kinross Gold Beat Its Q4 Earnings EstimatesKinross Gold’s earnings  Kinross Gold (KGC) released its fourth-quarter earnings results after the market closed on February 13. The company will hold its conference call on February 14. Kinross Gold

  • Yamana Gold: What’s in the Cards for Q4 2018 Results?
    Market Realist7 days ago

    Yamana Gold: What’s in the Cards for Q4 2018 Results?

    Yamana Gold: What's in the Cards for Q4 2018 Results?Yamana Gold’s performance Yamana Gold (AUY) stock has outperformed its peers (GDX) year-to-date. Until February 12, the stock has gained 12.5% against Agnico Eagle Mines’ (AEM), Kinross

  • Barrick Gold Tanks on Mixed Results
    Market Realist8 days ago

    Barrick Gold Tanks on Mixed Results

    Barrick Gold Tanks on Mixed ResultsBarrick Gold’s Q4 2018 earnings Barrick Gold (GOLD) reported its Q4 2018 and 2018 results today before markets opened. It reported adjusted EPS of $0.06 for Q4, slightly beating the consensus estimate of $0.05.

  • Investors Are Awaiting This Update from Kinross Gold’s Q4 Results
    Market Realist8 days ago

    Investors Are Awaiting This Update from Kinross Gold’s Q4 Results

    Investors Are Awaiting This Update from Kinross Gold's Q4 ResultsKGC’s underperformance After underperforming its peers (GDX) (NUGT) in 2018, Kinross Gold (KGC) has continued that underperformance this year. Its stock had returned 1.3% YTD

  • MarketWatch8 days ago

    Barrick Gold's stock edges up after earnings match expectations but revenue falls shy

    Barrick Gold Corp. reported Wednesday a fourth-quarter net loss that widened to $1.20 billion, or $1.02 a share, from $314 million, or 27 cents a share, in the same period a year ago. Excluding non-recurring items, such as asset impairment charges and tax adjustments, adjusted earnings per share fell to 6 cents from 22 cents, but matched the FactSet consensus of 6 cents. Revenue declined 14.5% to $1.90 billion, missing the FactSet consensus of $1.96 billion. Barrick's stock edged up 0.35 in premarket trade. The average realized gold price during the quarter was $1,223 an ounce, up from $1,216 in the third quarter, while production rose to 1.26 million ounces from 1.15 million ounces in the third quarter. Copper production rose to 109 million pounds from 106 million pounds in the third quarter. The stock has rallied 7.6% over the past three months, while the VanEck Vectors Gold Miners ETF has soared 19.7% and the S&P 500 has gained 0.8%.

  • Bull trend strengthens, S&P 500 rattles cage on 200-day average
    MarketWatch9 days ago

    Bull trend strengthens, S&P 500 rattles cage on 200-day average

    Technically speaking, the S&P 500 continues to trend higher, writes Michael Ashbaugh, rising to its second test of major resistance matching the 200-day moving average.

  • Strong Case for Gold over Bonds and Stocks? Bernstein Thinks So
    Market Realist9 days ago

    Strong Case for Gold over Bonds and Stocks? Bernstein Thinks So

    Strong Case for Gold over Bonds and Stocks? Bernstein Thinks SoGold’s gains Gold’s price (GLD) saw its fourth consecutive positive monthly return in January. It rose ~3% in the month after its rise of 4.9% in December. The major driver of

  • What’s Affecting Barrick’s Earnings Estimates?
    Market Realist9 days ago

    What’s Affecting Barrick’s Earnings Estimates?

    What to Look For in Barrick Gold’s Q4 Earnings(Continued from Prior Part)Factors affecting Barrick’s estimates As we’ve seen previously in the series, Barrick Gold (GOLD) has underperformed its peers year-to-date. Most of the analysts are

  • Will Barrick Announce a Resolution to Its Tanzania Tax Woes?
    Market Realist10 days ago

    Will Barrick Announce a Resolution to Its Tanzania Tax Woes?

    What to Look For in Barrick Gold’s Q4 Earnings(Continued from Prior Part)Tanzania tax dispute One of the major issues for Barrick Gold (GOLD) remains subsidiary Acacia’s tax dispute with the Tanzanian government. The government of Tanzania banned

  • What to Look For in Barrick Gold’s Q4 Earnings
    Market Realist10 days ago

    What to Look For in Barrick Gold’s Q4 Earnings

    What to Look For in Barrick Gold’s Q4 EarningsBarrick Gold’s merger with Randgold Barrick Gold (GOLD) announced its merger with Randgold Resources on September 24. Due to the perceived synergies, both the stocks gained after the news. Between the

  • Which Gold Stocks Are Primed for a Valuation Upside after Q4?
    Market Realist10 days ago

    Which Gold Stocks Are Primed for a Valuation Upside after Q4?

    Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)Valuation for capital-intensive industriesThe EV-to-EBITDA (enterprise value-to-EBITDA) multiple is a good measure of valuation for capital-intensive

  • ETF Trends13 days ago

    Precious Metals, Miners ETFs Shine on Renewed Fear Trade

    Weakness in global markets and another round of trade worries reignited the safety trade with exchange traded funds tracking gold prices and the gold miners space rallying on Friday. Among the best performing ...

  • Assessing Gold Miners’ Free Cash Flows in 2018 and Beyond
    Market Realist13 days ago

    Assessing Gold Miners’ Free Cash Flows in 2018 and Beyond

    Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)Analysts’ estimates for FCFInvestors are typically interested in gold mining companies’ (GDX) (GDXJ) ability to generate FCF (free cash flow) because it

  • What Factors Are Affecting Revenue Estimates for Gold Miners?
    Market Realist13 days ago

    What Factors Are Affecting Revenue Estimates for Gold Miners?

    Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)Analysts’ forecasts Analysts estimates for gold miners’ (GDX) revenues can give us a good idea about their gold price (GLD) outlooks as well as their

  • Analysts Aren’t So Bullish on These Gold Stocks
    Market Realist14 days ago

    Analysts Aren’t So Bullish on These Gold Stocks

    Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)The fewest “buy” ratings Among senior and intermediate miners (GDX) (JNUG), New Gold (NGD), Barrick Gold (GOLD), Eldorado Gold (EGO), and Kinross Gold

  • Which Gold Stocks Do Analysts Love ahead of Their Q4 Results?
    Market Realist14 days ago

    Which Gold Stocks Do Analysts Love ahead of Their Q4 Results?

    Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)Market sentiment Let’s look at Wall Street analysts’ recent ratings and recommendations for gold miners ahead of their fourth-quarter earnings results.

  • Digging into Gold Miners’ Performances ahead of Their Q4 Results
    Market Realist14 days ago

    Digging into Gold Miners’ Performances ahead of Their Q4 Results

    Digging into Gold Miners' Performances ahead of Their Q4 ResultsGold versus gold mining companies Gold’s price has risen 2.2% YTD (year-to-date) after falling ~1.9% in 2018. Gold (GLD) saw its fourth consecutive positive monthly return in

  • 5 Gold Stocks That Should Glitter in 2019
    InvestorPlace15 days ago

    5 Gold Stocks That Should Glitter in 2019

    As concerns about the health of the global economy are starting to make themselves known, 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 $1313 per ounce. For the various gold stocks, this is a huge blessing. After 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. 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. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 9 Best Stocks to Invest In During a Manic Market 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. At the end of 2018, Barrick made the bold move to acquire rival Randgold Resources. This buyout 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. Speaking of that profitability, Barrick is already doing well in the current gold environment. All-in cash costs clocked in at $813 per ounce of gold for the first three months of 2018. With gold averaging nearly $1250 over that time, GOLD has been able to feast on the difference. Full year results including Randgold will be released at the end of February. 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 mine roughly 670,000 oz of gold this year. That's a nearly 13% increase of 2017 numbers. For the full-year 2019, Kirkland expects that number to jump an additional 15%. 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. For full-year 2018, management at the gold miner expects that number to fall to just $760 and $680 for all of 2019. Pulling more production at higher selling prices while your cost is falling is a recipe for success. No wonder why Kirkland stock surged by more than 60% last year. But with 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. * 3 Red-Hot Stocks (And 3 That Aren't) 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 move -- and its 15% jump in January -- are looking to 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 59% of CDE's production. 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. 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. * 4 Brazilian Stocks to Buy as the Emerging Market Pauses 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 -- and for the most part, in this case, they are -- 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 Glitter in 2019 appeared first on InvestorPlace.