VanEck Gold Miners ETF (GDX)
Summary
GDX: Gold Stung By A Hawkish Warsh, But Gold Miners Remain A Compelling Buy
I reiterate a buy rating on VanEck Gold Miners ETF (GDX), citing strong recent performance and compelling valuation. GDX trades at a low 10.4x P/E with an 11.8% long-term EPS growth rate, supporting an attractive PEG ratio under 1x. Technical breakout from a descending triangle targets $115, about 15% upside from last week's close, with a rising 200-day moving average.
Gold and Bitcoin Are Rebounding—2 ETFs Give Investors a Different Kind of Exposure
With market concentration remaining near all-time highs, achieving true portfolio diversification means that today's investors need to look beyond the major indices. That entails funds that provide exposure to international value stocks, small caps, and emerging markets.
Gold Sits Near $4,270. The Miners' Fund Is Still 22% Below Its Peak, the Catch-Up Trade Hiding in Plain Sight
Gold trading near $4,270 should have been a coronation for VanEck Gold Miners ETF (NYSEARCA:GDX).
VanEck Gold Miners ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 15,873 | $1.21M | $1.18M | -$36,526.7 | -3.01% |
 Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 18 | $827.46 | $1,333.8 | $506.34 | 61.19% |
 Cyrus Pearo INVESTMENT MANAGEMENT ASSOCIATES Inc. /ADV | 3,500 | $267,400 | $259,349.99 | -$8,050.01 | -3.01% |
 Curtis Ellergodt Rothschild Investment LLC | 3,060 | $221,506.07 | $256,060.8 | $34,554.73 | 15.6% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 869,037 | $65.57M | $78.12M | $12.55M | 19.14% |
VanEck Gold Miners ETF (GDX) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has VanEck Gold Miners ETF ever had a stock split?
VanEck Gold Miners ETF Profile
| ARCA Exchange | US Country |
Overview
The company in discussion is a specialized investment fund focusing on the gold mining sector. It dedicates a substantial portion of its assets, at least 80%, to invest in common stocks and depositary receipts of companies engaged in the gold mining industry. This investment strategy aims to leverage the growth and potential profitability within the mining for gold and silver. The fund adheres to a modified market-capitalization weighted index, which prioritizes publicly traded companies active in the gold and silver mining sectors. Given its specialized investment focus, the fund operates as a non-diversified entity, concentrating its investments in the niche market of gold and silver mining companies.
Products and Services
The fund offers a focused investment product characterized by two main components:
- Investment in Gold and Silver Mining Stocks and Receipts: The core offering is an investment vehicle that primarily targets the stocks and depositary receipts of companies involved in the mining of precious metals, specifically gold and silver. This approach seeks to capitalize on the growth potential and earnings from the gold and silver mining industry, offering investors exposure to a specialized market segment.
- Modified Market-Capitalization Weighted Index: To guide its investment decisions, the fund utilizes a modified market-capitalization weighted index. This index is specially designed to include publicly traded companies active in the gold and silver mining sectors. The use of this index ensures that the fund’s investments are well-aligned with the market movements and potential of leading companies within the niche area of gold and silver mining.
