Bulletin
Investor Alert

Market Pulse Archives

Sept. 3, 2019, 1:50 p.m. EDT

Gold's surge to 6 1/2-year high fuels broad rally in gold miner stocks

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
    Hecla Mining Co. (HL)
  • X
    Coeur Mining Inc. (CDE)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of gold miners were broadly higher in afternoon trading Tuesday, as worries about escalating U.S.-China trade tensions, data showing a surprise contraction in the U.S. manufacturing sector and uncertainty surrounding Brexit has helped fuel demand for safe-haven gold. The VanEck Vectors Gold Miners ETF /zigman2/quotes/206399889/composite GDX +0.94% rallied 2.2% with 39 of 44 components gaining ground. Among the more active U.S.-listed shares, Hecla Mining Co. /zigman2/quotes/201669377/composite HL +5.40% hiked up 5.3%, Coeur Mining Inc. /zigman2/quotes/202240707/composite CDE +7.08% climbed 2.7%, Newmont Goldcorp Corp. /zigman2/quotes/205356474/composite NEM -0.43% advanced 1.9% and AngloGold Ashanti Ltd. /zigman2/quotes/204252891/composite AU +1.66% tacked on 1.5%, while Harmony Gold Mining Co. Ltd. /zigman2/quotes/203958044/composite HMY +0.30% lost 1.2%. Meanwhile, SPDR Gold Shares /zigman2/quotes/200593176/composite GLD +0.74% rose 1.4% toward the highest close since April 2013, while continuous gold futures /zigman2/quotes/210034565/delayed GC00 -0.50% gained 1.7%, also toward a 6 1/2-year high. The gold miners ETF has now soared 64.5% over the past 12 months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.48% has slipped 0.2%.

/zigman2/quotes/206399889/composite
US : U.S.: NYSE Arca
$ 34.32
+0.32 +0.94%
Volume: 33.43M
May 29, 2020 4:00p
loading...
/zigman2/quotes/201669377/composite
US : U.S.: NYSE
$ 3.32
+0.17 +5.40%
Volume: 10.66M
May 29, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.30%
Market Cap
$1.75 billion
Rev. per Employee
$326,159
loading...
/zigman2/quotes/202240707/composite
US : U.S.: NYSE
$ 5.75
+0.38 +7.08%
Volume: 9.60M
May 29, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.40 billion
Rev. per Employee
$301,587
loading...
/zigman2/quotes/205356474/composite
US : U.S.: NYSE
$ 58.47
-0.25 -0.43%
Volume: 23.79M
May 29, 2020 4:00p
P/E Ratio
13.53
Dividend Yield
1.71%
Market Cap
$46.93 billion
Rev. per Employee
$300,083
loading...
/zigman2/quotes/204252891/composite
US : U.S.: NYSE
$ 24.56
+0.40 +1.66%
Volume: 4.59M
May 29, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.35%
Market Cap
$10.23 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203958044/composite
US : U.S.: NYSE
$ 3.33
+0.01 +0.30%
Volume: 7.91M
May 29, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.79 billion
Rev. per Employee
$53,679
loading...
/zigman2/quotes/200593176/composite
US : U.S.: NYSE Arca
$ 162.91
+1.19 +0.74%
Volume: 12.58M
May 29, 2020 4:00p
loading...
/zigman2/quotes/210034565/delayed
US : U.S.: Nymex
$ 1,743.00
-8.70 -0.50%
Volume: 147,014
May 29, 2020 4:59p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,044.31
+14.58 +0.48%
Volume: 4.38B
May 29, 2020 5:14p
loading...

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

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.