Today were released Market Vectors Gold Miners ETF (NYSEARCA:GDX)‘s weekly net flows. The ETF registered $362.41M weekly asset inflows for 3.69% increase, reaching $10196.99M last week. The chart of Market Vectors Gold Miners ETF shows positive weekly setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net inflows create excess cash for managers to invest, which theoretically creates demand for the etf’s holdings. The ETF increased 0.70% or $0.16 on October 7, hitting $23. Market Vectors Gold Miners ETF (NYSEARCA:GDX) has risen 12.75% since March 7, 2016 and is uptrending. It has outperformed by 5.15% the S&P500.
The ETF’s YTD performance is 92.64%, the 1 year is 93.98% and the 3 year is 2.68%.
The ETF’s average P/E ratio is 24.8, the price to book is 1.51, the price to sales is 2.67 and the price to cashflow is 7.7. Market Vectors Gold Miners ETF is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: BARRICK GOLD CORPORATION for 8.96% of assets, Newmont Mining Corporation for 8.88%, Goldcorp Inc for 6.09%, Newcrest Mining Ltd for 5.62%, FRANCO-NEVADA CORPORATION for 5.38%, AGNICO EAGLE MINES LIMITED for 5.36%, SILVER WHEATON CORP. for 5.22%, RANDGOLD RESOURCES LD ADS (EACH for 4.66%, Anglogold Ashanti Ltd ADR for 3.38%, Kinross Gold Corp for 2.71%. The ETF sector weights are: Basic Materials 100.00%. The ETF currently as 0% yield.
More notable recent Market Vectors Gold Miners ETF (NYSEARCA:GDX) news were published by: Etfdailynews.com which released: “More Selling Ahead for Gold Miners?” on October 05, 2016, also Etfdailynews.com with their article: “Gold Miners’ Struggles Likely to Continue in October” published on October 02, 2016, Etfdailynews.com published: “Oversold Gold Mining Index Presents Buying Opportunity” on September 28, 2016. More interesting news about Market Vectors Gold Miners ETF (NYSEARCA:GDX) were released by: Etfdailynews.com and their article: “Gold Miners Correction Continues, Despite Dovish Fed” published on September 23, 2016 as well as Etfdailynews.com‘s news article titled: “Gold Miners’ Correction May Only Be Just Beginning” with publication date: September 10, 2016.
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