GDX - VanEck Vectors Gold Miners ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
19.38
+0.29 (+1.52%)
At close: 4:00PM EST
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Previous Close19.09
Open19.37
Bid0.00 x 1000
Ask19.45 x 1000
Day's Range19.29 - 19.50
52 Week Range17.28 - 24.86
Volume46,150,454
Avg. Volume47,262,079
Net Assets8.58B
NAV18.88
PE Ratio (TTM)N/A
Yield0.93%
YTD Return-18.55%
Beta (3Y Monthly)0.26
Expense Ratio (net)0.53%
Inception Date2006-05-16
Trade prices are not sourced from all markets
  • Business Wire2 days ago

    VanEck Announces Preliminary Yearend Distribution Estimates for VanEck Vectors Equity ETFs

    VanEck announced today preliminary yearend distribution estimates for its VanEck Vectors® equity exchange-traded funds.

  • John Paulson Remains Bullish as Ever on Gold
    Market Realist2 days ago

    John Paulson Remains Bullish as Ever on Gold

    Based on 13F filings, despite weaker gold prices, hedge funds maintained their investments in gold in the third quarter. According to Fintel, at the end of the quarter, Paulson & Co. had 4.32 million shares of the world’s largest gold-backed ETF, the SPDR Gold Shares ETF (GLD).

  • Why Goldman Sachs Is Still Optimistic about Gold
    Market Realist3 days ago

    Why Goldman Sachs Is Still Optimistic about Gold

    Could Gold Be the Best Bet amid Increased Economic Uncertainty? In March this year, Goldman Sachs (GS) turned bullish on gold for the first time in the last five years. As reported by Bloomberg, Goldman Sachs’s (GS) analysts wrote, “While we think that the U.S. cycle still has room to run it doesn’t mean that markets will not worry about it coming to an end.” The analysts added, “Going forward, we expect market ‘fear’ of a U.S. recession to strengthen.

  • Gold Dips to One-Month Low: ETFs in Focus
    Zacks4 days ago

    Gold Dips to One-Month Low: ETFs in Focus

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

  • This South African Gold Miner Has a Huge Rerating Potential
    Market Realist6 days ago

    This South African Gold Miner Has a Huge Rerating Potential

    As Positive Catalysts for Gold Emerge, Which Miners May Benefit? South African miners have traditionally traded at a discount to their global counterparts, primarily due to South Africa’s laws, labor concerns, and infrastructure challenges. Among these miners, Sibanye Gold (SBGL) is trading at the highest EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 4.2x—a premium of 23.0% to the peer average.

  • Which Senior Gold Miner Could See a Valuation Rerating in 2018?
    Market Realist6 days ago

    Which Senior Gold Miner Could See a Valuation Rerating in 2018?

    As Positive Catalysts for Gold Emerge, Which Miners May Benefit? Among senior gold miners (GDX), Newmont Mining (NEM) has the highest forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 7.6x. At a time when growth is difficult to come by in the gold mining space, Newmont Mining has a strong project pipeline with very low execution risk.

  • As Positive Catalysts for Gold Emerge, Which Miners May Benefit?
    Market Realist6 days ago

    As Positive Catalysts for Gold Emerge, Which Miners May Benefit?

    Gold miners as a whole are looking inexpensive compared to broader equities. The average ratio of the NYSE Arca Gold Miners Index (GDX) and the S&P 500 Index (SPY) is 0.20 compared to the ten-year average of 0.68. While broader equities’ valuations have continued to increase, the valuations of gold stocks haven’t kept the pace, and the ratio has fallen.

  • What Would Make Analysts More Positive on IAMGOLD?
    Market Realist10 days ago

    What Would Make Analysts More Positive on IAMGOLD?

    What Would It Take to Restore Investors’ Confidence in IAMGOLD? Currently, IAMGOLD (IAG) has the fourth-highest number of “buy” ratings among its peers at 75%. Analysts’ sentiment for the stock has remained stagnant for the last few months.

  • What Would It Take to Restore Investors’ Confidence in IAMGOLD?
    Market Realist10 days ago

    What Would It Take to Restore Investors’ Confidence in IAMGOLD?

    IAMGOLD (IAG) reported its third-quarter earnings results after the market closed on November 6. It reported EPS of -$0.01, in line with analysts’ consensus estimate. Its revenue, however, missed expectations, coming in at $244.8 million compared to the consensus estimate of $266 million.

  • Is the Barrick-Randgold Merger Enough of a Reason to Bet on ABX?
    Market Realist11 days ago

    Is the Barrick-Randgold Merger Enough of a Reason to Bet on ABX?

    The rises in Barrick Gold’s (ABX) and Randgold Resources’ (GOLD) stock prices following their merger announcement suggest that investors are happy with the merger and its potential synergies. On November 5, more than 99% of ABX’s shareholders approved its all-stock acquisition of GOLD. The question, however, remains as to whether the issues ailing Barrick Gold will all go away with this merger.

  • ABX and GOLD Merger: Dividends Rise in Anticipation of Returns
    Market Realist11 days ago

    ABX and GOLD Merger: Dividends Rise in Anticipation of Returns

    On September 24, Barrick Gold (ABX) agreed to acquire Randgold Resources (GOLD) in a share-for-share deal. Along with owning five of the top ten tier-one gold assets, the combined company will have two high-potential tier-one assets in Fourmile and Turquoise Ridge. Randgold’s CEO, Mark Bristow, will become the CEO and president of the new Barrick Gold, while Thornton will become the executive chair.

  • What Will Drive Barrick Gold’s Free Cash Flow in 2018 and Beyond?
    Market Realist12 days ago

    What Will Drive Barrick Gold’s Free Cash Flow in 2018 and Beyond?

    Since the generation of free cash flow (or FCF) creates shareholder value and helps a business’s long-term prospects, it’s important for investors to track gold miners’ (GDX) abilities to generate FCF. Barrick Gold (ABX) has a strategy of value over volume, which prioritizes profitable production. The company defines value creation for shareholders in terms of FCF per share. Barrick Gold generated FCF of $319 million in the third quarter compared to -$172.0 million in the second quarter.

  • Why Barrick Gold’s Financial Leverage Isn’t Much of a Concern Now
    Market Realist12 days ago

    Why Barrick Gold’s Financial Leverage Isn’t Much of a Concern Now

    Some miners (GDX), including Barrick Gold (ABX), Newmont Mining (NEM), and Kinross Gold (KGC), were especially affected by peak cycle acquisitions and the resulting write-downs. Most of this debt reduction has been driven by the sale of its noncore assets. At the end of the third quarter, Barrick Gold’s total debt was $5.7 billion compared to $6.4 billion at the end of the first quarter.

  • Here’s Why the Barrick–Randgold Deal Is Unique
    Market Realist12 days ago

    Here’s Why the Barrick–Randgold Deal Is Unique

    In the week following the announcement, Randgold rose 10.4% and Barrick was up 5.8%, while the NYSE Arca Gold Miners Index was down 1.3%. The Barrick–Randgold merger was unique in that Barrick Gold didn’t pay a huge premium for Randgold. The two companies announced that Barrick Gold would be taking over the latter for $6.0 billion, which represented a negligible premium over Randgold’s stock price.

  • Gold and Gold Miners Have Recovered in October
    Market Realist12 days ago

    Gold and Gold Miners Have Recovered in October

    Barrick–Randgold Sets the Bar for Future Gold MergersVan Eck Gold Consolidated, Gold Stocks Declined, But Positive Trends Emerge

  • What’s Driving Production Growth for Barrick Gold?
    Market Realist12 days ago

    What’s Driving Production Growth for Barrick Gold?

    Production growth is a crucial variable for miners. Barrick Gold (ABX) produced ~1.15 million ounces of gold in the third quarter, a fall of ~7.0% YoY (year-over-year). Improved throughput and grades at Barrick Nevada and the completion of debottlenecking improvements at Pueblo Viejo aided this improvement.

  • What to Know about Barrick Gold after Its Q3 2018 Results
    Market Realist12 days ago

    What to Know about Barrick Gold after Its Q3 2018 Results

    Barrick Gold (ABX) reported its third-quarter earnings results after the market closed on October 24. In the third quarter, Barrick produced 1.15 million ounces of gold, up 7.4% sequentially, mainly due to better throughput and grades at Barrick Nevada. While the company has maintained its copper and gold production guidance for the year, it expects its gold production to come in at the lower end of 4.5 million–5.0 million ounces.

  • Which Gold Miners Could See a Valuation Upside after Q3 Earnings?
    Market Realist20 days ago

    Which Gold Miners Could See a Valuation Upside after Q3 Earnings?

    The EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple is a good valuation measure for capital-intensive industries. The chart above compares gold miners’ EV-to-forward-EBITDA multiples and EBITDA margins one-year forward. Among the senior and intermediate gold miners, Agnico Eagle Mines (AEM) has the highest forward multiple of 10.3x, almost in line with its last-five-year average multiple.

  • Yamana Gold: Analysts’ Recommendations
    Market Realist20 days ago

    Yamana Gold: Analysts’ Recommendations

    According to the consensus compiled by Thomson Reuters, 71% of the analysts covering Yamana Gold (AUY) stock recommended a “buy,” while 14% recommended a “hold.” Yamana Gold’s target price represents an upside potential of 54% based on its current market price of $2.33.

  • Yamana Gold Expects Improved Costs in the Fourth Quarter
    Market Realist20 days ago

    Yamana Gold Expects Improved Costs in the Fourth Quarter

    Yamana Gold’s (AUY) by-product AISC (all-in sustaining costs) for the third quarter were $739 per unit in gold equivalent ounces. Yamana Gold is guiding for by-product AISC of $725–$745 per gold equivalent ounce for 2018. During the conference call, Yamana Gold mentioned that while it isn’t updating the unit cost guidance, it’s providing directional information. The company expects its fourth quarter to have the highest production in the year with an anticipated improvement in unit costs.

  • Yamana Gold Upgraded Its Production Guidance
    Market Realist20 days ago

    Yamana Gold Upgraded Its Production Guidance

    Yamana Gold’s (AUY) production for the third quarter was 246,788 ounces, which is an improvement of 11% YoY (year-over-year) and 10% sequentially. The production was higher than management’s expectations for the quarter. The Cerro Moro mine reached commercial production towards the end of the second quarter. Due to Yamana Gold’s higher-than-expected production for the first nine months of the year and the favorable ramp-up of the Cerro Moro mine, the company increased the gold and copper production guidance for 2018.

  • Upside for Yamana Gold after Its Q3 Earnings
    Market Realist20 days ago

    Upside for Yamana Gold after Its Q3 Earnings

    Yamana Gold (AUY) released its third-quarter results before the markets opened on October 26. The company held a conference call the same day. Yamana Gold’s EPS of $0.02 beat the consensus estimate by $0.01. The company’s revenues of $416.8 million missed the consensus expectations by ~11%.

  • Goldcorp’s Costs Trended Higher in Q3—Could They Drop in Q4?
    Market Realist20 days ago

    Goldcorp’s Costs Trended Higher in Q3—Could They Drop in Q4?

    Goldcorp (GG) achieved AISC (all-in sustaining costs) of $999.00 per ounce in the third quarter, which was 20.8% higher YoY (year-over-year) and 17.5% higher sequentially. Its AISC was higher than expected due to the lower production of gold, as discussed previously in this series, as well as lower metals production including reduced by-products from the low-grade stockpile at Peñasquito. Along with lowering its production guidance, Goldcorp increased its cost guidance.

  • What to Expect from Eldorado Gold’s Q3 Conference Call
    Market Realist21 days ago

    What to Expect from Eldorado Gold’s Q3 Conference Call

    Eldorado Gold (EGO) stock dropped significantly in 2017 due to the standoff with the Greek government and some technical issues at its mines in Turkey. The stock continues to be pummeled due to these issues in 2018.

  • What Could AEM Address during Its Q3 2018 Earnings Call?
    Market Realist21 days ago

    What Could AEM Address during Its Q3 2018 Earnings Call?

    By October 17, Agnico Eagle Mines (AEM) has lost 20.3% of its value YTD (year-to-date), while the VanEck Vectors Gold Miners ETF (GDX) had fallen 14.3%. Among senior and intermediate miners (GDX)(GDXJ), Newmont Mining (NEM), AngloGold Ashanti (AU), Barrick Gold (ABX), and Goldcorp (GG) have performed better than AEM. Agnico Eagle is known to deliver consistent results throughout its cycles.