GDX Stock Summary and Trading Ideas (Vaneck Gold Miners ETF | ARCA:GDX)

GDX seeks to replicate as closely as possible before fees and expenses the price and yield performance of NYSE Arca Gold Miners Index.

Vaneck Gold Miners ETF trades on the ARCA stock market under the symbol GDX.

As of April 24, 2024, GDX stock price climbed to $33.12 with 15,156,696 million shares trading.

GDX has a beta of 0.60, meaning it tends to be less sensitive to market movements. GDX has a correlation of 0.05 to the broad based SPY ETF.

GDX has a market cap of $13.33 billion. This is considered a Large Cap stock.

In the last 3 years, GDX stock traded as high as $41.61 and as low as $21.52.

GDX has underperformed the market in the last year with a price return of +1.5% while the SPY ETF gained +24.2%. However, in the short term, GDX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +17.3% vs +4.6% return in SPY. But in the last 2 weeks, GDX shares have been beat by the market, returning -3.1% compared to an SPY return of -2.7%.

GDX support price is $32.27 and resistance is $33.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GDX stock will trade within this expected range on the day.