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SGDM

Sprott Gold Miners ETF

https://www.sprottetfs.com

Industry

Asset Management

The underlying index aims to track the performance of gold companies located in the U.S. and Canada whose common stocks or American Depositary Receipts ("ADRs") are traded on the Toronto Stock Exchange, the New York Stock Exchange and NASDAQ. The fund will normally invest at least 90% of its net assets in securities that comprise the index. The fund is non-diversified.

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Barrick Gold Corp (NYSE:GOLD) reported strong Q2 FY24 results with revenue of $3.162 billion, beating expectations. Despite a decline in gold and copper production, higher realized prices boosted profits. The company declared a $0.10 dividend and repurchased 2.95 million shares. Key projects are on track, and the FY24 outlook was reiterated. Investors can also gain exposure via Sprott Gold Miners ETF (NYSE:SGDM) and VanEck Gold Miners ETF (NYSE:GDX).

Portfolio Pulse from Lekha Gupta

August 12, 2024 | 12:37 pm

Barrick Gold Corporation (NYSE:GOLD) shares are trading higher due to optimism about a potential Fed rate cut and positive preliminary production details. The company reported increased gold and copper production in Q2 and expects further growth in 2024. Investors can also gain exposure through Sprott Gold Miners ETF (NYSE:SGDM) and VanEck Gold Miners ETF (NYSE:GDX).

Portfolio Pulse from Lekha Gupta

July 16, 2024 | 4:52 pm

Barrick Gold Corp (NYSE:GOLD) reported a slight increase in FY24 Q1 revenue to $2.747 billion, in line with consensus, despite a production miss. Gold production decreased by 1% Y/Y, and sales by 5% Y/Y, but the average realized gold price rose by 9% Y/Y. Copper production was flat, while its price declined by 8% Y/Y. Adjusted EPS was $0.19, beating the consensus of $0.15. The company maintains its FY24 outlook, expecting gold production to increase with key projects and has declared a $0.10 dividend per share. Investors can also gain exposure through SGDM and GDX ETFs.

Portfolio Pulse from Lekha Gupta

May 01, 2024 | 2:16 pm

Bank of America projects gold prices to rise to $2,500-$2,600 per ounce, advocating for physical gold ETFs like iShares Gold Trust Micro (IAUM) and SPDR Gold Minishares Trust (GLDM) over miners for equity investors. The report highlights gold's hedging quality and central bank purchases as key drivers of its rally, noting a potential demand increase from retail investors. For mining exposure, Barrick Gold Corp. (GOLD) and Newmont Corp. (NEM) are recommended, with a preference for iShares MSCI Global Gold Miners ETF (RING) and VanEck Gold Miners ETF (GDX) over other mining ETFs.

Portfolio Pulse from Piero Cingari

March 21, 2024 | 7:31 pm

Gold prices, as tracked by the SPDR Gold Trust (GLD), have risen above $2,110 per troy ounce, nearing a record high and driving a surge in mining stocks. This increase marks the fourth consecutive session of gains, bringing gold within 1.4% of its all-time high. Despite rising Treasury yields, gold's strength persists amid unchanged market expectations for Federal Reserve rate cuts. The World Gold Council cites geopolitical uncertainty as a key driver for gold demand. Mining stocks, particularly those in the VanEck Gold Miners ETF (GDX) and Sprott Junior Gold Miners ETF (SGDJ), have seen significant gains, with GDX up 4.4% and SGDJ up 5.3%. Top-performing mining stocks include Harmony Gold Mining (HMY), Coeur Mining (CDE), and AngloGold Ashanti (AU), among others.

Portfolio Pulse from Piero Cingari

March 04, 2024 | 10:28 pm

Value investors are targeting mining stocks, particularly gold miners like Newmont Corp (NYSE:NEM), due to a significant market dislocation. Taylor McKenna of Kopernik Global Investors highlighted the gap between metal prices and mining company valuations, noting gold stocks are at a 50-80% discount despite rising gold prices. Newmont Corp's stock has dropped 60% from last year, despite gold's 10% price increase. McKenna views this as an undervaluation, especially after Newmont's acquisition of Newcrest Mining. ETFs holding Newmont Corp include iShares MSCI Global Gold Miners ETF (NYSE:RING), VanEck Gold Miners ETF (NYSE:GDX), and others, indicating a broader market impact.

Portfolio Pulse from Piero Cingari

February 15, 2024 | 9:38 pm

Spot gold prices declined by about 1.25% on Thursday, following the release of advance estimates data by the U.S. Bureau of Economic Analysis. The data showed a 2.4% annualized growth rate in the U.S. economy for Q2 2023 and a decline in unemployment, indicating a strong labor market. This is bearish for gold and gold miners. However, spot gold managed to hold above the 50-day simple moving average, suggesting a potential rebound. The Sprott Gold Miners ETF (SGDM) offers exposure to several gold miners and may be a good investment when the sector turns bullish.

Portfolio Pulse from Melanie Schaffer

July 27, 2023 | 7:15 pm

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