SGDM Stock Summary and Trading Ideas (Sprott Gold Miners ETF | ARCA:SGDM)

Sprott Gold Miners Exchange Traded Fund (NYSE Arca: SGDM) seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the Solactive Gold Miners Custom Factors Index (Index Ticker: SOLGMCFT). The Index aims to track the performance of larger-sized gold companies whose stocks are listed on Canadian and major U.S. exchanges. The Index uses a transparent, rules-based methodology that is designed to emphasize larger-sized gold companies with the highest revenue growth, free cash flow yield and the lowest long-term debt to equity. The Index is reconstituted on a quarterly basis to reflect the companies with the highest factor scores.

Sprott Gold Miners ETF trades on the ARCA stock market under the symbol SGDM.

As of April 18, 2024, SGDM stock price climbed to $26.53 with 21,581 million shares trading.

SGDM has a beta of 0.57, meaning it tends to be less sensitive to market movements. SGDM has a correlation of 0.05 to the broad based SPY ETF.

SGDM has a market cap of $239.03 million. This is considered a Small Cap stock.

In the last 3 years, SGDM stock traded as high as $35.31 and as low as $18.85.

SGDM stock has underperformed the market in the last year with a return of -9.7%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SGDM shares. However, SGDM has outperformed the market in the last 3 month and 2 week periods, returning +17.1% and +1.3%, while SPY returned +6.1% and -3.8%, respectively. This indicates SGDM has been having a stronger performance recently.

SGDM support price is $25.81 and resistance is $27.01 (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 SGDM stock will trade within this expected range on the day.