SGDM - Sprott Gold Miners ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
17.38
+0.10 (+0.60%)
At close: 3:35PM EST
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Previous Close17.28
Open17.28
Bid17.24 x 1300
Ask19.05 x 1200
Day's Range17.20 - 17.39
52 Week Range14.69 - 22.54
Volume4,468
Avg. Volume51,383
Net Assets131.47M
NAV17.53
PE Ratio (TTM)N/A
Yield0.50%
YTD Return-15.16%
Beta (3Y Monthly)0.06
Expense Ratio (net)0.57%
Inception Date2014-07-14
Trade prices are not sourced from all markets
  • Newmont-Goldcorp Deal Puts Gold Mining ETFs in Focus
    Zacksyesterday

    Newmont-Goldcorp Deal Puts Gold Mining ETFs in Focus

    Newmont Mining plans to acquire smaller rival Goldcorp for $10 billion in the biggest-ever acquisition in the gold sector.

  • Can Barrick’s Valuation Rerate Further after the Merger?
    Market Realist8 days ago

    Can Barrick’s Valuation Rerate Further after the Merger?

    Is Barrick Worth a Look after Its Merger with Randgold? (Continued from Prior Part) ## Valuation Among senior miners (GDX), Barrick (GOLD) has the second-highest EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 6.6x, which represents a premium of 1% to its historical multiple. Its multiple has rerated since its announcement of its merger with Randgold Resources (GOLD) to form an industry-leading gold company (SGDM) with the greatest concentration of Tier 1 gold (GLD) assets. Since the announcement of the merger, GOLD’s multiple has expanded 18.5%. Among its peers, Newmont Mining (NEM), Goldcorp (GG), and Kinross Gold (KGC) are trading at multiples of 8.2x, 6.2x, and 4.9x, respectively. ## Catalysts As we discussed in Is the Barrick-Randgold Merger Enough of a Reason to Bet on ABX? Barrick’s costs are expected to fall, and its production profile is expected to improve on low-cost, high-quality assets after the merger. Since it owns five of the top ten Tier 1 assets in the world, its unit costs are expected to be significantly lower than its peers’. However, its new position will also add to its geopolitical risk. ## Problems to overcome Most of Randgold’s operations are in Africa. Due to many African countries’ rising resource nationalism and ambition to secure bigger shares in mining activities, many mining companies are facing difficult times operating in these jurisdictions. Political problems in these countries could add to Barrick’s operational risks. In addition, market participants worry that the working styles of John Thornton, the new company’s executive chair, and Mark Bristow, its CEO, will clash, leading to problems for the company down the line. As we discussed earlier in the series, the resolution of the company’s dispute with the Tanzanian government could be another major catalyst for its stock. To achieve further upside, the company will need to show more execution on its projects and resolve its disputes successfully. Browse this series on Market Realist: * Part 1 - Is Barrick Worth a Look after Its Merger with Randgold? * Part 2 - Will the GOLD Merger Expedite the Tanzania Dispute’s Resolution? * Part 3 - Barrick Could Emerge Leaner and Stronger after an Asset Review

  • The Zacks Analyst Blog Highlights: Market Vectors Gold, iShares MSCI, Invesco Global and Sprott Gold
    Zacks27 days ago

    The Zacks Analyst Blog Highlights: Market Vectors Gold, iShares MSCI, Invesco Global and Sprott Gold

    The Zacks Analyst Blog Highlights: Market Vectors Gold, iShares MSCI, Invesco Global and Sprott Gold

  • Gold Mining Crushing the Market: Best ETFs & Stocks of Q4
    Zacks28 days ago

    Gold Mining Crushing the Market: Best ETFs & Stocks of Q4

    We highlight four gold mining ETFs and stocks that have delivered double-digit returns so far this quarter.

  • Will Fed Play Santa Claus for Wall Street? ETFs in Focus
    Zackslast month

    Will Fed Play Santa Claus for Wall Street? ETFs in Focus

    The probability for the Fed policy tightening came down ahead of the December meeting. This puts these ETFs in focus.

  • Business Wirelast month

    ALPS Advisors, Inc., Proposes Reorganization of Two Exchange Traded Funds

    ALPS Advisors, Inc., acquired by SS&C, providing products and services to the financial services industry, today announced that shareholders of record as of December 19, 2018 of the Sprott Gold Miners ETF (NYSE ARCA: SGDM) and Sprott Junior Gold Miners ETF (NYSE ARCA: SGDJ), each a series of ALPS ETF Trust (the Funds), will be asked to approve a reorganization of their respective Funds into newly-created exchange-traded funds (ETFs) of the Sprott ETF Trust. The proposed reorganizations of the Funds will allow shareholders the opportunity to continue investing in corresponding new ETFs with the same names and substantially the same investment objectives, investment strategies, policies and risks as the Funds, except with respect to the underlying index tracked by each Fund.

  • Will the Rally in Gold ETFs Continue?
    Zackslast month

    Will the Rally in Gold ETFs Continue?

    Gold is rallying buoyed by volatility in markets, putting gold mining ETFs in focus.

  • 7 Precious Metals ETFs to Consider Now
    InvestorPlace2 months ago

    7 Precious Metals ETFs to Consider Now

  • Which Gold Miners Show Free Cash Flow Upside?
    Market Realist2 months ago

    Which 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.

  • Gold Dips to One-Month Low: ETFs in Focus
    Zacks2 months ago

    Gold Dips to One-Month Low: ETFs in Focus

    A strengthening greenback puts gold out of favor, bringing related ETFs in focus.

  • Key Factors Driving Goldcorp’s Growth
    Market Realist3 months ago

    Key Factors Driving Goldcorp’s Growth

    After outperforming its peers in the first half of 2018, Goldcorp’s (GG) stock slumped. Its second-quarter earnings were also a miss on market expectations, as were its first-quarter earnings. Moreover, the overall sentiment on gold and gold stocks turned extremely negative starting April, hurting GG stock as well.

  • Barrick Gold to Acquire Randgold: ETFs Set to Shine
    Zacks4 months ago

    Barrick Gold to Acquire Randgold: ETFs Set to Shine

    Barrick Gold has agreed to buy Africa-focused rival, Randgold Resources in an all-stock deal. The news has put the spotlight on a couple of gold mining ETFs.

  • Top and Flop ETFs of August
    Zacks5 months ago

    Top and Flop ETFs of August

    Inside the top and worst performing ETFs of August.

  • Which Gold Miners Could Surprise on the Upside on Free Cash Flow?
    Market Realist5 months ago

    Which Gold Miners Could Surprise on the Upside on Free Cash Flow?

    FCF (free cash flow) generation is important for gold mining companies (SGDM) (GDX). This excess cash helps miners optimize their financial leverages, invest in projects that can drive long-term value, and provide shareholder returns.

  • Top and FLOP ETFs of Last Week
    Zacks5 months ago

    Top and FLOP ETFs of Last Week

    Inside the top and worst-performing ETFs of last week.

  • Fixed-Income & Gold Mining: 2 ETFs to Watch on Outsized Volume
    Zacks6 months ago

    Fixed-Income & Gold Mining: 2 ETFs to Watch on Outsized Volume

    CIU and SGDM saw massive trading volumes in last session.

  • Gold’s Modest Response to Europe’s Localized Risks
    Market Realist6 months ago

    Gold’s Modest Response to Europe’s Localized Risks

    It seems that every time new, scary headlines emerge, press articles declare that gold no longer serves as a safe haven.2 The Italian political crisis is the latest case in point. The evolving situation in Italy is supportive of gold, as shown by its resilience against a strong move in the U.S. dollar. However, anyone expecting a big move from gold fails to understand the fundamentals of the gold market. Gold responds to genuine global systemic risks. These are risks that can have a negative financial impact on just about everyone personally and/or professionally, i.e. ...

  • How Are Miners’ Technicals Moving?
    Market Realist8 months ago

    How Are Miners’ Technicals Moving?

    The four precious metals have revived compared to their previous losses over the past five trading days. However, the revival of the US dollar has had a negative impact on precious metals and mining stocks during the past few weeks. The settling of the market’s unrest could have also caused a withdrawal of haven bids.

  • A Look at Miners’ Technical Indicators in May
    Market Realist8 months ago

    A Look at Miners’ Technical Indicators in May

    In April, the market’s unrest had a significant effect on precious metals and miners, leading to increased prices. The US dollar has strengthened recently, which had a negative impact on precious metals and mining stocks. The settling of the market unrest could have also caused a withdrawal of haven bids.

  • Will US Sanctions on Russia Keep Haunting Kinross Gold in 2018?
    Market Realist9 months ago

    Will US Sanctions on Russia Keep Haunting Kinross Gold in 2018?

    After significantly outperforming peers in 2017, Kinross Gold (KGC) has underperformed this year. Until As of 17, Kinross’s stock had given a negative return of 9.7%—the same as Barrick Gold (ABX). Kinross’s 4Q17 results came in below expectations.

  • How Have Miners’ Correlations with Gold Been Moving in 2018?
    Market Realist9 months ago

    How Have Miners’ Correlations with Gold Been Moving in 2018?

    In this part of our series, we’ll be looking at the correlation between gold and four mining stocks: New Gold (NGD), Newmont Mining (NEM), Franco-Nevada (FNV), and Randgold Resources (GOLD). Mining stocks mostly move with gold prices but not always. Mining stocks have high correlations with gold. The Global X Silver Miners ETF (SIL) and the Sprott Gold Miners (SGDM) also tend to have strong correlations with gold.

  • A Look at Mining Stocks’ Technicals
    Market Realist9 months ago

    A Look at Mining Stocks’ Technicals

    Recent market unrest has had a significant effect on precious metals and the US dollar, which influences dollar-denominated precious metals and mining stocks. In this part of the series, we’ll look at miners’ RSI (relative strength index) scores and implied volatility. The miners we’ve selected for our analysis are Wheaton Precious Metals (SLW), Randgold Resources (GOLD), AngloGold Ashanti (AU), and IAMGOLD (IAG). In the last 30 days, miners’ performance has been mixed. GOLD and AU have fallen 2.5% and 0.11%, respectively, while SLW and IAG have risen 6.8% and 13.2%.

  • A Look at Miners’ Volatility in April 2018
    Market Realist9 months ago

    A Look at Miners’ Volatility in April 2018

    The recent unrest in the markets has had a significant effect on precious metals and mining companies. The US dollar has a prominent role in influencing dollar-denominated precious metals and mining stocks.

  • Reading the Movements of Miners’ Correlations with Gold
    Market Realist9 months ago

    Reading the Movements of Miners’ Correlations with Gold

    In this part of our series, we’ll look at the correlation between gold and four mining stocks: Royal Gold (RGLD), Goldcorp (GG), Sibanye Gold (SBGL), and Gold Fields (GFI). Mining stocks mostly move with gold prices, but not always. Among these four miners, Gold Fields has shown the highest correlation with gold, while Royal Gold has seen the lowest correlation with gold on a YTD (year-to-date) basis. 

  • How Miners Correlate to Gold in April 2018
    Market Realist9 months ago

    How Miners Correlate to Gold in April 2018

    In this part of our series, we’ll look at the correlation between gold and four mining stocks: Franco-Nevada (FNV), Coeur Mining (CDE), Cia De Minas Buenaventura (BVN), and Hecla Mining (HL). Mining stocks mostly move with gold prices but not always. Among these four miners under discussion, Cia De Minas has shown the highest correlation with gold, while Hecla has the lowest correlation to gold on a YTD (or year-to-date) basis.