(GDX) Gold Miners - Overview

Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • ISIN: US92189F1066

Etf: Gold Miners, Silver Miners, Mining Companies, Modified Cap Weighted

Total Rating 96
Risk 80
Buy Signal 0.46

Dividends

Dividend Yield 0.70%
Yield on Cost 5y 1.93%
Yield CAGR 5y 4.29%
Payout Consistency 73.3%
Payout Ratio -
Risk 5d forecast
Volatility 47.7%
Relative Tail Risk -0.73%
Reward TTM
Sharpe Ratio 2.22
Alpha 130.00
Character TTM
Beta 0.427
Beta Downside 0.128
Drawdowns 3y
Max DD 27.77%
CAGR/Max DD 1.84

Description: GDX Gold Miners December 19, 2025

The VanEck Gold Miners ETF (NYSE ARCA:GDX) tracks a modified-cap-weighted, float-adjusted index of publicly traded gold and silver mining companies, allocating at least 80 % of its assets to the benchmark constituents. Because the fund is classified as non-diversified, its performance is tightly linked to the mining sector’s fortunes rather than broader market movements.

Key metrics (as of the latest filing) include an expense ratio of 0.52 % and assets under management of roughly $12 billion, making GDX one of the largest pure-play precious-metal equity ETFs. The fund’s top holdings are typically the “big-three” miners-Newmont, Barrick, and Franco-Nevada-accounting for over 30 % of total weight, which amplifies exposure to their operational cost structures and geopolitical risk profiles.

Sector drivers that materially affect GDX’s returns are (1) the spot price of gold, which has a long-run correlation of about 0.85 with the ETF; (2) mine-level cash-cost trends, where a 10 % rise in average all-in sustaining costs historically depresses the index by roughly 4 %; and (3) macro-economic factors such as real-interest-rate movements and US dollar strength, which influence investor demand for safe-haven assets.

For a deeper quantitative breakdown, the ValueRay platform offers granular data on GDX’s exposure and cost structure.

What is the price of GDX shares?

As of February 09, 2026, the stock is trading at USD 97.39 with a total of 24,804,768 shares traded.
Over the past week, the price has changed by +3.40%, over one month by +6.39%, over three months by +29.11% and over the past year by +133.79%.

Is GDX a buy, sell or hold?

Gold Miners has no consensus analysts rating.

What are the forecasts/targets for the GDX price?

Issuer Target Up/Down from current
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 131.5 35%

GDX Fundamental Data Overview February 07, 2026

Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 32.01b USD (32.01b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 32.01b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 32.01b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 7.49% (E(32.01b)/V(32.01b) * Re(7.49%) + (debt-free company))
Discount Rate = 7.49% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)

Additional Sources for GDX ETF

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle