I reiterate my buy rating on iShares MSCI Global Metals & Mining Producers ETF, supported by attractive valuation, high EPS growth, and a compelling PEG ratio under 1.0x. A falling dollar and international exposure provide macro tailwinds, with metals and mining stocks benefiting from currency translation and global demand. Technical indicators, including a golden cross and a bullish reverse head and shoulders pattern, suggest near-term upside potential for PICK toward a $47 price target.
iShares MSCI Global Metals & Mining Producers ETF offers diversified exposure to global metals and mining, benefiting from long-term trends in clean energy and infrastructure demand. The short-term outlook for key metals like copper, iron, and aluminum is negative due to weak commodity prices and China's slowdown, justifying a 'hold' rating. PICK stands out for its lower expense ratio, higher dividend yield, and broader diversification compared to peers, but lacks exposure to surging gold and silver.
Copper and base metals experienced extreme volatility due to U.S. tariff anticipation, but fundamentals remain strong for infrastructure and green energy demand. The iShares MSCI Global Metals & Mining Producers ETF, tracking top global metals miners, proved optimal for scale-down buying during corrections, rebounding sharply after April's selloff. Despite recent price swings, PICK's fundamentals and ETF grades remain solid, with only momentum temporarily impacted by volatility.
![]() PICK 11 Jun 2024 Paid | Semi Annual | $0.51 Per Share |
![]() PICK 20 Dec 2023 Paid | Semi Annual | $1.02 Per Share |
![]() PICK 7 Jun 2023 Paid | Semi Annual | $0.78 Per Share |
![]() PICK 13 Dec 2022 Paid | Semi Annual | $1.07 Per Share |
![]() PICK 9 Jun 2022 Paid | Semi Annual | $1.78 Per Share |
![]() PICK 11 Jun 2024 Paid | Semi Annual | $0.51 Per Share |
![]() PICK 20 Dec 2023 Paid | Semi Annual | $1.02 Per Share |
![]() PICK 7 Jun 2023 Paid | Semi Annual | $0.78 Per Share |
![]() PICK 13 Dec 2022 Paid | Semi Annual | $1.07 Per Share |
![]() PICK 9 Jun 2022 Paid | Semi Annual | $1.78 Per Share |
BATS Exchange | US Country |