Direxion Daily Gold Miners Index Bull 2X Shares (NUGT)
- Previous Close
37.21 - Open
37.23 - Bid 40.75 x 800
- Ask 41.01 x 900
- Day's Range
36.85 - 40.34 - 52 Week Range
23.15 - 51.89 - Volume
4,431,185 - Avg. Volume
2,963,201 - Net Assets 611.17M
- NAV 39.97
- PE Ratio (TTM) 21.26
- Yield 2.11%
- YTD Daily Total Return 15.50%
- Beta (5Y Monthly) 1.64
- Expense Ratio (net) 1.18%
The index is comprised of publicly traded common stocks, ADRs or global depositary receipts of companies that operate globally in both developed and emerging markets, and are involved primarily in mining for gold and, to a lesser extent, in mining for silver. The fund invests at least 80% of its net assets in financial instruments, that, in combination, provide 2X daily leveraged exposure to the index, consistent with the fund's investment objective. It is non-diversified.
Direxion Funds
Fund Family
Trading--Leveraged Equity
Fund Category
611.17M
Net Assets
2010-12-08
Inception Date
Performance Overview: NUGT
Trailing returns as of 4/25/2024. Category is Trading--Leveraged Equity.
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Holdings: NUGT
Top 2 Holdings (55.98% of Total Assets)
Sector Weightings
Related ETF News
Research Reports: NUGT
Analyst Report: Freeport-McMoRan Inc
Freeport-McMoRan is a leading international mining company based in Phoenix. It operates geographically diverse assets with significant proven and probable reserves of copper, gold, and molybdenum. The company's portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world's largest copper and gold deposits; the Morenci minerals district in North America; and the Cerro Verde and El Abra mines in South America. The company has approximately 27,200 employees. FCX shares are a component of the S&P 500.
RatingPrice TargetMarket Digest: FCX, FI, INCY, PG, STX, T, OC
Despite April Stumble, Positive Stock-Market Outlook for 2024
Analyst Report: Newmont Corporation
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 7.3 million ounces of gold in 2023 pro forma for Newcrest on an annualized basis. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts from its various gold mines. It had about two decades of gold reserves along with significant byproduct reserves after acquiring Newcrest.
RatingPrice TargetAnalyst Report: Newmont Corporation
Newmont is the world's largest gold miner, producing about 6 million attributable ounces of gold in 2022, good for about 5% of global mined output. The company also produced 1.3 million attributable gold equivalent ounces from the sale of byproducts, including copper, silver, zinc, and lead in 2022. It had about two decades of gold reserves along with significant byproduct reserves at end 2022. After buying Goldcorp in 2019 and combining its Nevada mines in a joint venture with competitor Barrick later that year, Newmont’s portfolio includes 12 wholly owned mines and interests in two joint ventures in the Americas, Africa, and Australia.
RatingPrice Target