The top five holdings in this ETF are: Newmont Corp (NEM, 14.49% of assets); Barrick Gold Corp (ABX.TO, 13.10%); Franco-Nevada Corp (FNV.TO, 8.17%); Wheaton Precious Metals Corp (WPM.TO, 5.91%) and Agnico Eagle Mines Ltd (AEM.TO, 4.90%).
VanEck Vectors Gold Miners ETF (GDX)
From The Personal Capitalist
We’ve gained 22% ($28.77- $35.19) since last January. The 52 week high is $37.49. Major gold stocks still look undervalued relative to gold. We feel the post-panic gold stock upswing has room to go higher. Gold miner earning’s growth should be strong, in the coming quarters. GDX holds the world’s biggest and best miners. It has $15.1 billion in net assets. Continue to expect fluctuations primarily based on virus news and world reactions. We continue to recommend GDX as a buy on dips, looking to higher profits.
Sean Christian, The Personal Capitalist, 9524 East 81st Street, Suite B #1715, Tulsa, OK 74133, June 28, 2020