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 October 18, 2024, GDX stock price climbed to $43.15 with 29,538,570 million shares trading.

GDX has a beta of 0.76, meaning it tends to be less sensitive to market movements. GDX has a correlation of 0.10 to the broad based SPY ETF.

GDX has a market cap of $16.73 billion. This is considered a Large Cap stock.

In the last 3 years, GDX traded as high as $43.31 and as low as $21.52.

GDX has outperformed the market in the last year with a price return of +49.9% while the SPY ETF gained +37.5%. GDX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +13.9% and +9.1%, respectively, while the SPY returned +6.1% and +2.0%, respectively.

GDX support price is $40.86 and resistance is $42.12 (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 shares will trade within this expected range on the day.