VanEck Gold Miners ETF (GDX)
- Previous Close
33.54 - Open
33.71 - Bid 33.67 x 3200
- Ask 33.68 x 1400
- Day's Range
33.45 - 34.09 - 52 Week Range
25.62 - 37.47 - Volume
16,808,141 - Avg. Volume
26,441,720 - Net Assets 13.72B
- NAV 33.88
- PE Ratio (TTM) 28.62
- Yield 1.41%
- YTD Daily Total Return 8.16%
- Beta (5Y Monthly) 0.95
- Expense Ratio (net) 0.51%
The fund normally invests at least 80% of its total assets in common stocks and depositary receipts of companies involved in the gold mining industry. The index is a modified market-capitalization weighted index primarily comprised of publicly traded companies involved in the mining for gold and silver. The fund is non-diversified.
VanEck
Fund Family
Equity Precious Metals
Fund Category
13.72B
Net Assets
2006-05-16
Inception Date
Performance Overview: GDX
Trailing returns as of 6/7/2024. Category is Equity Precious Metals.
People Also Watch
Holdings: GDX
Top 10 Holdings (59.76% of Total Assets)
Sector Weightings
Recent News: GDX
Research Reports: GDX
Newmont: Shares Remain Undervalued
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 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at end December 2023.
RatingPrice TargetLooking for more favorable entry point
Barrick Gold engages in the production and sale of gold, including exploration, development, mining, and processing. Its operations are located in the United States, Canada, Australia, Peru, Chile, Argentina, Tanzania, and Zambia. Barrick was founded in 1983 and is based in Toronto.
RatingPrice TargetNewmont: We Extend Coverage to Its Australian-Listed CDIs; Shares Undervalued
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 TargetCorporate Action: Vote in Favor of Newmont’s Purchase of Newcrest via Scheme of Arrangement
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