MARKET

GOEX

GOEX

Global X Gold Explorers ETF
NYSEARCA

Real-time Quotes | Provided by Morningstar

31.59
+0.59
+1.89%
Closed 16:00 11/25 EST
OPEN
31.33
PREV CLOSE
31.00
HIGH
31.75
LOW
31.33
VOLUME
18.59K
TURNOVER
--
52 WEEK HIGH
40.98
52 WEEK LOW
12.55
TOTAL ASSET
60.69M
YTD YIELD
39.34%
1D
5D
1M
3M
1Y
5Y
News
Performance
It's Time For Inflation Hedges: Consider Gold, Mining Stocks And Farmland
Increasing inflation has implications for businesses and workers, but this article will focus on investors.The classic inflation hedges are gold, other commodities, real estate and, some argued, stocks.There are possibilities in all these categories, though investors should not expect any of these to work perfectly.There is no asset that is obviously a slam dunk for an inflation hedge, but gold, mining stocks and farmland should be considered.
Seekingalpha · 10/18 13:22
Gold Miner Valuations Low
Gold stock valuations remain low. These companies are earning profits hand over fist with such high prevailing gold prices, forcing down their valuations. Huge stock-price gains in future uplegs are justified.But before this gold stock bull’s next major upleg, real-time gold stock valuation proxies suggest this correction isn’t over yet. Since their last upleg peaked, the gold stocks still haven't rebalanced sentiment.The leading gold stock ETF hasn’t given up enough ground relative to prevailing gold prices to signal a high-probability correction-bottoming. Short-term valuation analysis implies gold stocks still have another 10%-to-20% downside.
Seekingalpha · 10/10 03:32
Mainstream Investors About To Pile Into Gold
Money managers who don't recommend gold to their clients are becoming the exception rather than the rule.Right now, gold accounts for less than 1% of global investible capital.Estimates of how much gold exists above-ground are all over the place, but most cluster around an amount that yields a value of about $10 trillion at current prices.
Seekingalpha · 10/06 08:56
Gold Mining Fundamentals Remain Supportive
The gold/oil ratio is a reasonable proxy for the average profit margin across the gold mining industry.This ratio peaked in April of this year and then plunged.It's a good bet that the April 2020 peak was the major variety, since it was driven by a spectacular collapse in the oil price that almost certainly won't be repeated within the next few years.
Seekingalpha · 09/30 13:39
Gold-Stock Seasonal Plunge
Gold stocks are still correcting after soaring to seriously-overbought levels when their last upleg peaked in early August.  Weak seasonals in the next month could accelerate that.The deceiving high consolidation after that euphoric topping failed decisively this week when GDX shattered its 50dma, proving this sector’s correction is alive and well.Only about 15% so far, it is likely to extend to 25% to 30% before overbought technicals are worked off and sentiment rebalanced. Seasonality is likely to exacerbate remaining selling.
Seekingalpha · 09/26 05:37
Miners Remain Undervalued Despite Gold's Run
Gold had become overbought in the past month, trading well above trend, making it ripe for a correction. Once gold started to fall, momentum built as profit-taking set in and bullion exchange-traded products saw their first redemptions since June.Since gold broke out on June 20, 2019 into its current trend, the gold price has gained 45% and the NYSE Gold Miners Index 79%. However, this outperformance has not led to overvalued stocks.With higher gold prices, we will see lower-quality gold mines being built. These are deposits that were not economic at lower prices because they would have high operating costs and/or high capital costs due to low grades and/or mining challenges.
Seekingalpha · 09/09 11:44
Gold-Stock Correction Mode
Gold stocks are in correction mode. They shot parabolic into early August, surging too far too fast exhausting the capital firepower available for near-term buying.Then they quickly plunged into a mild correction, which has morphed into a high consolidation since. But a resurgent correction is likely given the lingering serious overboughtness and elevated greed.That could easily extend to 25% in GDX, another 20% lower from this week’s levels. The depth of this rebalancing selloff for gold stocks depends on what happens in gold.
Seekingalpha · 09/05 11:45
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Learn about the latest financial forecast of GOEX. Analyze the recent business situations of Global X Gold Explorers ETF through EPS, BVPS, FPS, and other data. This information may help you make smarter investment decisions.
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  • Performance
  • Asset Allocation
  • Dividend History
Period
Return
Rank in Cat
1-Month
-1.5036%
--
3-Month
29.9395%
--
6-Month
52.1605%
--
1-Year
39.3386%
--
3-Year
16.1282%
--
5-Year
26.9090%
--
Since Inception
-6.4502%
--
No Data
  • Dividends
  • Splits
  • Insider Activity
No Data
  • All
No Data
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Profile
Fund Name
Global X Gold Explorers ETF
Risk
Low risk
Inception Date
2010-11-03
Benchmark
FTSE Gold Mines CR
Advisor Company
Global X Funds
Custodian
Brown Brothers Harriman & Co
Manager
Team Managed