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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 -5.02% 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 -5.79% slid 8.0%, Coeur Mining Inc. /zigman2/quotes/202240707/composite CDE -6.26% slid 7.3%, Harmony Gold Mining Co. Ltd. /zigman2/quotes/203958044/composite HMY -5.61% dropped 2.6%, Gold Fields Ltd. /zigman2/quotes/203666867/composite GFI -6.20% gave up 2.3% and AngloGold Ashanti Ltd. /zigman2/quotes/204252891/composite AU -7.59% fell 2.7%. Meanwhile, the SPDR Gold Shares /zigman2/quotes/200593176/composite GLD -2.05% lost 1.7% and continuous cold futures /zigman2/quotes/210034565/delayed GC00 -2.64% 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 +2.65% has climbed 19.0%.

/zigman2/quotes/206399889/composite
US : U.S.: NYSE Arca
$ 31.45
-1.66 -5.02%
Volume: 27.08M
June 5, 2020 12:20p
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/zigman2/quotes/201669377/composite
US : U.S.: NYSE
$ 3.09
-0.19 -5.79%
Volume: 5.79M
June 5, 2020 12:20p
P/E Ratio
N/A
Dividend Yield
0.32%
Market Cap
$1.73 billion
Rev. per Employee
$326,159
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/zigman2/quotes/202240707/composite
US : U.S.: NYSE
$ 4.94
-0.33 -6.26%
Volume: 4.91M
June 5, 2020 12:20p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.28 billion
Rev. per Employee
$301,587
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/zigman2/quotes/203958044/composite
US : U.S.: NYSE
$ 3.07
-0.18 -5.61%
Volume: 4.61M
June 5, 2020 12:20p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.74 billion
Rev. per Employee
$53,679
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/zigman2/quotes/203666867/composite
US : U.S.: NYSE
$ 7.04
-0.47 -6.20%
Volume: 4.22M
June 5, 2020 12:20p
P/E Ratio
37.03
Dividend Yield
1.14%
Market Cap
$6.63 billion
Rev. per Employee
$292,510
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/zigman2/quotes/204252891/composite
US : U.S.: NYSE
$ 23.01
-1.89 -7.59%
Volume: 3.43M
June 5, 2020 12:20p
P/E Ratio
N/A
Dividend Yield
0.37%
Market Cap
$10.37 billion
Rev. per Employee
N/A
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/zigman2/quotes/200593176/composite
US : U.S.: NYSE Arca
$ 157.97
-3.31 -2.05%
Volume: 10.23M
June 5, 2020 12:20p
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/zigman2/quotes/210034565/delayed
US : U.S.: Nymex
$ 1,681.80
-45.60 -2.64%
Volume: 236,049
June 5, 2020 12:10p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,194.88
+82.53 +2.65%
Volume: 2.48B
June 5, 2020 12:20p
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