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Sept. 30, 2019, 12:28 p.m. EDT

Gold Miner stocks sink as gold prices pulled lower by strength in U.S. dollar, equities

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    VanEck Vectors Gold Miners ETF (GDX)
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    Hecla Mining Co. (HL)
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    Coeur Mining Inc. (CDE)

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By Tomi Kilgore

Shares of gold miners traded broadly lower Monday, as gold prices fell below a psychologically significant level on the back of a rallying U.S. dollar and stock market. The VanEck Gold Miners ETF /zigman2/quotes/206399889/composite GDX +0.71% slumped 2.4%, and has tumbled 9.5% amid a four-session losing streak, with 41 of 44 equity components losing ground. Among the more-active U.S.-listed components, shares of Hecla Mining Co. /zigman2/quotes/201669377/composite HL -0.82% slid 8.0%, Coeur Mining Inc. /zigman2/quotes/202240707/composite CDE +0.16% slid 7.3%, Harmony Gold Mining Co. Ltd. /zigman2/quotes/203958044/composite HMY +2.30% dropped 2.6%, Gold Fields Ltd. /zigman2/quotes/203666867/composite GFI +2.15% gave up 2.3% and AngloGold Ashanti Ltd. /zigman2/quotes/204252891/composite AU +1.72% fell 2.7%. Meanwhile, the SPDR Gold Shares /zigman2/quotes/200593176/composite GLD +0.43% lost 1.7% and continuous cold futures /zigman2/quotes/210034565/delayed GC00 +0.57% lost 2.2% to fall below the $1,500 mark. The gold miners ETF has now gained 27.1% year to date, while gold futures have advanced 15.1% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.08% has climbed 19.0%.

/zigman2/quotes/206399889/composite
US : U.S.: NYSE Arca
$ 26.94
+0.19 +0.71%
Volume: 27.62M
Nov. 14, 2019 4:00p
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/zigman2/quotes/201669377/composite
US : U.S.: NYSE
$ 2.41
-0.02 -0.82%
Volume: 7.49M
Nov. 14, 2019 4:00p
P/E Ratio
N/A
Dividend Yield
0.42%
Market Cap
$1.21 billion
Rev. per Employee
$326,159
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/zigman2/quotes/202240707/composite
US : U.S.: NYSE
$ 6.38
+0.0100 +0.16%
Volume: 3.90M
Nov. 14, 2019 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.49 billion
Rev. per Employee
$301,587
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/zigman2/quotes/203958044/composite
US : U.S.: NYSE
$ 3.34
+0.08 +2.30%
Volume: 3.35M
Nov. 14, 2019 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.64 billion
Rev. per Employee
$53,679
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/zigman2/quotes/203666867/composite
US : U.S.: NYSE
$ 5.47
+0.12 +2.15%
Volume: 5.19M
Nov. 14, 2019 4:00p
P/E Ratio
53.01
Dividend Yield
0.80%
Market Cap
$4.27 billion
Rev. per Employee
$292,510
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/zigman2/quotes/204252891/composite
US : U.S.: NYSE
$ 20.09
+0.34 +1.72%
Volume: 1.51M
Nov. 14, 2019 4:00p
P/E Ratio
38.96
Dividend Yield
0.31%
Market Cap
$7.90 billion
Rev. per Employee
N/A
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/zigman2/quotes/200593176/composite
US : U.S.: NYSE Arca
$ 138.58
+0.60 +0.43%
Volume: 5.00M
Nov. 14, 2019 4:00p
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/zigman2/quotes/210034565/delayed
US : U.S.: Nymex
$ 1,471.60
+8.30 +0.57%
Volume: 310,928
Nov. 14, 2019 4:04p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,096.63
+2.59 +0.08%
Volume: 1.60B
Nov. 14, 2019 4:14p
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