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 19, 2024, GDX stock price climbed to $34.07 with 18,378,913 million shares trading.

GDX has a beta of 0.59, 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 $13.96 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 stock has underperformed the market in the last year with a return of +2.9%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GDX shares. However, GDX has outperformed the market in the last 3 month and 2 week periods, returning +23.0% and +0.7%, while SPY returned +3.0% and -4.5%, respectively. This indicates GDX has been having a stronger performance recently.

GDX support price is $33.00 and resistance is $34.50 (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.