After a decade-long gold bull market, sentiment is euphoric, and GDXJ is now a speculation with a poor risk-reward profile. GDXJ's top holdings are cyclical mining companies with erratic cash flows, heavy share dilution, and trade at premium valuations. Despite gold's rise, GDXJ remains below its 2011 highs due to massive shareholder dilution and weak fundamentals in its holdings.
GDXJ offers diversified exposure to mid-cap and smaller gold miners, outperforming gold and broader markets in 2025 with strong returns. Gold miners are benefiting from record-high gold prices, robust free cash flow, and shareholder returns via dividends and buybacks. Despite strong fundamentals, GDXJ has seen significant investment outflows, suggesting the bull market is still early and not euphoric.
Rallies, then sharp pullbacks seem to be the norm for the stock market these days.
![]() GDXJ 18 Dec 2023 Paid | Annual | $0.27 Per Share |
![]() GDXJ 19 Dec 2022 Paid | Annual | $0.18 Per Share |
![]() GDXJ 20 Dec 2021 Paid | Annual | $0.75 Per Share |
![]() GDXJ 21 Dec 2020 Paid | Annual | $0.86 Per Share |
![]() GDXJ 23 Dec 2019 Paid | Annual | $0.16 Per Share |
![]() GDXJ 18 Dec 2023 Paid | Annual | $0.27 Per Share |
![]() GDXJ 19 Dec 2022 Paid | Annual | $0.18 Per Share |
![]() GDXJ 20 Dec 2021 Paid | Annual | $0.75 Per Share |
![]() GDXJ 21 Dec 2020 Paid | Annual | $0.86 Per Share |
![]() GDXJ 23 Dec 2019 Paid | Annual | $0.16 Per Share |
ARCA Exchange | US Country |
The described company is a specialized investment fund focused primarily on the gold and silver mining industry. It dedicates at least 80% of its total assets to securities that are part of a specific index. This index is comprised of companies heavily reliant on gold and/or silver mining, royalties, or streaming for revenue. Specifically, these companies must generate at least 50% of their income from such activities or own mining projects that have the potential to do so upon development. It’s noted that the fund operates with a non-diversified investment approach, emphasizing a concentrated investment strategy in the gold and silver sectors.
The fund invests significantly in companies involved in gold and silver mining. This includes firms that either currently derive a majority of their revenue from these precious metals or have tangible plans in place for projects that are expected to do so. This investment approach aims to leverage the potential growth and price appreciation in the gold and silver markets.
Another key area of focus for the fund is investing in companies that deal with royalties or streaming agreements in the gold and silver sectors. These financial arrangements provide the fund with exposure to commodity prices and the operational performance of mining projects, often with less risk than direct mining investments.
The fund’s investment strategy is heavily based on tracking an index that includes companies meeting specific criteria related to their gold and silver revenue. This strategy provides investors with a diversified exposure to the precious metals sector through a single investment, albeit the fund itself is non-diversified, focusing on a narrow part of the market.