Gdx Stock Quote and Fundamentals

The VanEck Vectors Gold Miners ETF, or GDX, is a popular investment option for those looking to tap into the gold mining industry. It tracks the NYSE Arca Gold Miners Index, which includes 51 gold mining companies.

GDX has a market capitalization of over $22 billion, making it a significant player in the ETF market. The fund is widely held, with over 1,700 investors owning shares.

The GDX fund is designed to provide exposure to the gold mining industry, with a focus on large-cap companies. This means it invests in the biggest and most established gold miners.

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GDX stock quote has been a topic of interest for many investors, and one key aspect to consider is the multiples and margins of the VanEck Gold Miners ETF.

Gold miners margins are now in a very good position to improve through the rest of 2024, making GDX a more attractive investment option.

Historically, GDX has outperformed gold prices, but it has failed to do so over the past year, despite a strong rise.

GDX has underperformed the S&P 500, but there are important caveats when judging short-term performance.

Investors are cautiously optimistic about the GDX stock quote, with a sentiment score of 52, indicating a slight bias towards buying.

The GDX stock quote has been steadily increasing over the past year, which is a positive sign for the market.

Investors are likely taking a wait-and-see approach, as the stock's performance is closely tied to the overall health of the gold mining industry.

The performance of gold mining companies has been a topic of interest lately. Specifically, the VanEck Vectors Gold Miners ETF (GDX) has posted some surprising returns.

GDX has a year-to-date (YTD) negative return of -10% as of March 31, 2021, based on its net asset value (NAV). This is a significant drop, especially considering the underlying index also posted a YTD negative return of -10.04%.

The one-year NAV return for GDX was 38.98%, which is lower than the underlying index's one-year return of 39.10%. Since inception, GDX has returned -0.75%, while the underlying index has returned -0.30%.

This is unusual, given that gold prices have surged more than 158% since the ETF was launched, as of April 22, 2021. You'd expect gold mining companies to be performing better, but it seems they're not.

Here's a summary of GDX's performance:

This discrepancy is largely due to gold mining companies cutting production just as prices rose and expanding operations just as gold prices peaked. It's a mismanagement that has led to frustration for many gold miner bulls.

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Despite gold reaching record highs, the market remains skeptical about the VanEck Gold Miners ETF's performance. The ETF has outperformed the S&P 500, but its performance relative to the price of gold is not up to par.

Gold's recent surge is driven by Chinese demand and concerns about monetary stability, but its value is extreme compared to Treasury rates amid quantitative tightening. This has led to GDX declining 14% since September.

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The rally in gold and gold miners, particularly the VanEck Gold Miners ETF, looks exhausted and may be due for a breather. The GDX ETF is highly concentrated, with Newmont Corporation making up 15% and other top holdings also accounting for a significant portion of the fund.

The market's skepticism is also reflected in the fact that GDX has declined 14% since September, despite gold reaching record highs. This suggests that investors are taking a cautious approach to the gold mining sector.

The fundamental data for GDX stock quote is quite revealing. The market cap is a staggering $13,716.775 million, indicating a significant market presence.

The company has a substantial number of shares outstanding, with a total of 373.55 million shares in circulation. This can be an important metric for investors looking to gauge the stock's liquidity and potential for growth.

The PE ratio is a key indicator of a stock's value, and in this case, it's a relatively low 10.49, suggesting that the stock may be undervalued.

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The VanEck Vectors Gold Miners ETF has a long history dating back to its launch on May 16, 2006.

Its shares trade on the NYSE Arca, an electronic exchange specifically designed for exchange-traded products. This was a significant milestone as it marked the first gold miners ETF in the United States.

As of April 22, 2021, the ETF had a massive net asset total of $15.1 billion.

The expense ratio was 0.52% and a management fee of 0.50%. This is relatively low compared to other funds.

Trading volume averaged a total of 18.5 million shares, closing at $36.18 per share as of April 22, 2021.

Morningstar rated the ETF with three out of five stars overall as of March 31, 2021, which puts it in the middle of the pack compared to 61 other funds.

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The VanEck Gold Miners ETF has a diverse portfolio, with its top 10 holdings making up a significant portion of the fund's total assets.

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Newmont Corporation holds the largest weight in the fund, with a 12.28% stake. This is a notable increase from the 7.52% stake it had in March 2023, as seen in the Historical Top Holdings Breakdowns section.

Barrick Gold Corporation is another significant holding, with a 7.31% weight in the fund. This is a notable addition, as it was not present in the Historical Top Holdings Breakdowns section for the period ending June 30, 2023.

Here are the top 10 holdings of the VanEck Gold Miners ETF, along with their respective weights:

Dividend data is a crucial aspect of fundamental analysis, and it's essential to understand the key metrics that determine a stock's dividend-paying ability.

The Dividends per Share (TTM) metric indicates that the company pays out $0.403 per share on average over the past 12 months. This is a significant indicator of the company's financial health and its ability to distribute dividends to shareholders.

Dividend yield is another critical metric that measures the ratio of the annual dividend payment to the stock's current price. The Dividend Yield % is 1.1%, indicating that for every dollar invested in the stock, the investor can expect to receive $0.01 in dividend payments annually.

The Dividend Yield % (10y Range) of 0.22 - 1.95% shows that the company's dividend yield has fluctuated over the past decade, with a median of 0.77%. This indicates that the company's dividend payout has been relatively stable over the long term.

The Next Dividend Payment Date is currently unknown, but the Dividend Frequency is Annually, meaning that investors can expect to receive dividend payments once a year.

Fundamental data is a crucial aspect of investing, and it's essential to understand the key statistics that can help you make informed decisions.

The market capitalization of a company is a significant indicator of its size and value. In the example provided, the market cap is $13,716.775 million.

A company's shares outstanding can also give you an idea of its liquidity and market presence. In this case, the shares outstanding are 373.55 million.

The price-to-earnings (PE) ratio is another vital metric that helps you evaluate a company's valuation. A lower PE ratio typically indicates undervaluation, while a higher PE ratio suggests overvaluation. The PE ratio in this example is 10.49, which is within the 10-year range of 10.49 - 42.41.

Here's a summary of the key fundamental data points:

The price-to-book (PB) ratio is another essential metric that helps you compare a company's market value to its book value. In this example, the PB ratio is 1.07, which is within the 10-year range of 1.07 - 2.46.

The VanEck Gold Miners ETF has a market cap of $13,716.775 million. This is a significant indicator of the fund's size and potential influence in the market.

The fund has a relatively low price-to-earnings (PE) ratio of 10.49, which suggests that investors are expecting moderate growth from the underlying gold mining companies.

The PE ratio has remained relatively stable over the past 10 years, ranging from 10.49 to 42.41. This could indicate a consistent level of investor confidence in the fund's potential for growth.

The price-to-book (PB) ratio is 1.07, which is lower than the 10-year median of 1.63. This could suggest that investors are valuing the fund's assets at a lower price than they were in the past.

Here are some key statistics to keep in mind:

The fund's beta is 0.74, indicating that it has historically been less volatile than the overall market. However, it's worth noting that the fund's volatility can still be significant, with a volatility reading of 31.18.