We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Gold prices have been rising of late thanks mainly to dovish turn by global central banks and investors’ search for safer assets amid rising market uncertainty and geopolitical tensions. Gold miners are leveraged plays on the metal, as their cash flows and earnings rise significantly with the increase in gold prices.
The gold mining industry saw a spate of M&A activity recently with Newmont Mining (NEM - Free Report) acquiring Goldcorp in January to create the world’s largest gold miner, and Barrick Gold (GOLD - Free Report) buying Randgold last fall. Consolidation should benefit the industry.
The VanEck Vectors Gold Miners ETF (GDX - Free Report) is the first and largest gold mining ETF. Its top holdings include Newmont, Barrick Gold and Newcrest Mining (NCMGY).
The iShares MSCI Global Gold Miners ETF (RING - Free Report) is the cheapest fund in the space, with an expense ratio of 39 basis points. Its top five holdings-- Newmont, Barrick Gold, Newcrest Mining, AngloGold Ashanti (AU - Free Report) and Kirkland Lake Gold —account for almost 53% of the portfolio.
The Sprott Gold Miners ETF (SGDM - Free Report) is a smart beta ETF, which selects gold companies with the highest revenue growth and free cash flow yield, and the lowest long-term debt to equity. The fund recently reduced its expense ratio to 50 basis points.
To learn more about these ETFs, please watch the short video above.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Gold Mining ETFs: What You Need to Know
Gold prices have been rising of late thanks mainly to dovish turn by global central banks and investors’ search for safer assets amid rising market uncertainty and geopolitical tensions. Gold miners are leveraged plays on the metal, as their cash flows and earnings rise significantly with the increase in gold prices.
The gold mining industry saw a spate of M&A activity recently with Newmont Mining (NEM - Free Report) acquiring Goldcorp in January to create the world’s largest gold miner, and Barrick Gold (GOLD - Free Report) buying Randgold last fall. Consolidation should benefit the industry.
The VanEck Vectors Gold Miners ETF (GDX - Free Report) is the first and largest gold mining ETF. Its top holdings include Newmont, Barrick Gold and Newcrest Mining (NCMGY).
The iShares MSCI Global Gold Miners ETF (RING - Free Report) is the cheapest fund in the space, with an expense ratio of 39 basis points. Its top five holdings-- Newmont, Barrick Gold, Newcrest Mining, AngloGold Ashanti (AU - Free Report) and Kirkland Lake Gold —account for almost 53% of the portfolio.
The Sprott Gold Miners ETF (SGDM - Free Report) is a smart beta ETF, which selects gold companies with the highest revenue growth and free cash flow yield, and the lowest long-term debt to equity. The fund recently reduced its expense ratio to 50 basis points.
To learn more about these ETFs, please watch the short video above.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>