Bulletin
Investor Alert

New York Markets After Hours

Market Pulse Archives

April 20, 2016, 1:28 p.m. EDT

Gold miners ETF surges to 19-month high, with most U.S. components doubling in 3 months

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    VanEck Vectors Gold Miners ETF (GDX)
  • X
    SPDR Gold Shares (GLD)
  • X
    First Majestic Silver Corp. (AG)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

The Market Vectors Gold Miners ETF /zigman2/quotes/206399889/composite GDX +3.57% surged 1.7% in afternoon trade Wednesday to a 19-month high, as the shares of companies that mine gold continue to significantly outperform the price of the commodity the companies mine. The SPDR Gold ETF /zigman2/quotes/200593176/composite GLD +2.36% edged up 0.1%, below last Tuesday's intraday high of $120.35, and 2.2% below 13-month peak of $122.37 reached on March 4. The gold miners ETF (GDX) has now rocketed 84% over the past three months, while the gold ETF has advanced 14%. Tom Ord, editor of "The Ord Oracle" newsletter, said his charts suggest an upside target for GDX near $27, which is 14% above current levels. Among the GDX's 24 U.S.-listed components, 15 have more than doubled in three months, and three have at least tripled. The triplers are shares of First Majestic Silver Corp. /zigman2/quotes/202373250/composite AG +4.12% , Royal Gold Inc. /zigman2/quotes/203440759/composite RGLD +2.43% and Silver Wheaton Corp. /zigman2/quotes/205744453/composite SLV +8.67% .

/zigman2/quotes/206399889/composite
US : U.S.: NYSE Arca
$ 40.63
+1.40 +3.57%
Volume: 35.91M
Aug. 13, 2020 4:00p
loading...
/zigman2/quotes/200593176/composite
US : U.S.: NYSE Arca
$ 183.33
+4.23 +2.36%
Volume: 18.00M
Aug. 13, 2020 4:00p
loading...
/zigman2/quotes/202373250/composite
US : U.S.: NYSE
$ 11.87
+0.47 +4.12%
Volume: 10.26M
Aug. 13, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.45 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203440759/composite
US : U.S.: Nasdaq
$ 132.92
+3.15 +2.43%
Volume: 358,928
Aug. 13, 2020 4:00p
P/E Ratio
43.75
Dividend Yield
0.84%
Market Cap
$8.51 billion
Rev. per Employee
$18.69M
loading...
/zigman2/quotes/205744453/composite
US : U.S.: NYSE Arca
$ 25.45
+2.03 +8.67%
Volume: 94.79M
Aug. 13, 2020 4:00p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.