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

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

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    VanEck Vectors Gold Miners ETF (GDX)
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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 +0.15% 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 -0.50% hiked up 5.3%, Coeur Mining Inc. /zigman2/quotes/202240707/composite CDE +1.25% climbed 2.7%, Newmont Goldcorp Corp. /zigman2/quotes/205356474/composite NEM +0.34% advanced 1.9% and AngloGold Ashanti Ltd. /zigman2/quotes/204252891/composite AU +1.21% tacked on 1.5%, while Harmony Gold Mining Co. Ltd. /zigman2/quotes/203958044/composite HMY +0.63% lost 1.2%. Meanwhile, SPDR Gold Shares /zigman2/quotes/200593176/composite GLD -0.11% rose 1.4% toward the highest close since April 2013, while continuous gold futures /zigman2/quotes/210034565/delayed GC00 -0.05% 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 -0.39% has slipped 0.2%.

/zigman2/quotes/206399889/composite
US : U.S.: NYSE Arca
$ 27.12
+0.04 +0.15%
Volume: 31.90M
Oct. 18, 2019 8:00p
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/zigman2/quotes/201669377/composite
US : U.S.: NYSE
$ 1.99
-0.01 -0.50%
Volume: 5.30M
Oct. 18, 2019 6:30p
P/E Ratio
N/A
Dividend Yield
0.50%
Market Cap
$975.60 million
Rev. per Employee
$326,159
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/zigman2/quotes/202240707/composite
US : U.S.: NYSE
$ 4.87
+0.06 +1.25%
Volume: 5.63M
Oct. 18, 2019 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.17 billion
Rev. per Employee
$301,587
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/zigman2/quotes/205356474/composite
US : U.S.: NYSE
$ 38.44
+0.13 +0.34%
Volume: 4.62M
Oct. 18, 2019 6:30p
P/E Ratio
N/A
Dividend Yield
1.46%
Market Cap
$31.52 billion
Rev. per Employee
$300,083
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/zigman2/quotes/204252891/composite
US : U.S.: NYSE
$ 20.84
+0.25 +1.21%
Volume: 1.95M
Oct. 18, 2019 6:30p
P/E Ratio
40.47
Dividend Yield
0.30%
Market Cap
$8.65 billion
Rev. per Employee
N/A
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/zigman2/quotes/203958044/composite
US : U.S.: NYSE
$ 3.17
+0.02 +0.63%
Volume: 5.05M
Oct. 18, 2019 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.72 billion
Rev. per Employee
$53,679
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/zigman2/quotes/200593176/composite
US : U.S.: NYSE Arca
$ 140.46
-0.15 -0.11%
Volume: 6.42M
Oct. 18, 2019 8:00p
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/zigman2/quotes/210034565/delayed
US : U.S.: Nymex
$ 1,493.40
-0.70 -0.05%
Volume: 224,789
Oct. 18, 2019 4:59p
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/zigman2/quotes/210599714/realtime
US : S&P US
2,986.20
-11.75 -0.39%
Volume: 1.99B
Oct. 18, 2019 5:08p
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