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GOEX - AI Analysis
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Global X Gold Explorers ETF (GOEX)
Rating:66Neutral
Price Target:
$72.00
Positive Factors
Strong Top Holdings
Several key positions, such as Lundin Gold and SSR Mining, have delivered strong year-to-date performance, supporting the ETF’s overall returns.
Global Diversification
The ETF invests in gold mining companies across Canada, the U.S., Australia, and the UK, reducing reliance on a single country’s economy.
Focused Sector Exposure
With over 93% of assets in the materials sector, the ETF provides targeted exposure to gold mining, appealing to investors seeking commodity-specific opportunities.
Negative Factors
High Sector Concentration
The ETF is heavily concentrated in the materials sector, making it vulnerable to downturns in commodity prices or mining industry challenges.
Moderate Expense Ratio
The fund’s expense ratio of 0.65% is higher than some broad-market ETFs, which could eat into long-term returns.
Underperforming Holdings
Some holdings, such as Eldorado Gold and Ramelius Resources, have shown weaker year-to-date performance, potentially dragging on the ETF’s growth.
GOEX vs. SPDR S&P 500 ETF (SPY)
AUM115.83M
RegionGlobal
Expense Ratio0.65%
Beta0.65
IssuerGlobal X
Inception DateNov 03, 2010
Dividend Yield1.08%
Asset ClassEquity
Index TrackedSolactive Global Gold Explorers & Developers Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume46,603
30 Day Avg. Volume43,580
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
80.92Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering48
GOEX Summary
The Global X Gold Explorers ETF (GOEX) is an investment fund that focuses on companies involved in gold exploration and mining. It follows the Solactive Global Gold Explorers & Developers Index, which includes businesses actively searching for new gold deposits. Some well-known companies in the ETF are Coeur Mining and Hecla Mining Company. Investors might consider GOEX if they believe gold prices will rise or want to diversify their portfolio with exposure to the materials sector. However, this ETF is heavily tied to the gold market, meaning its value can fluctuate significantly based on gold prices and economic conditions.
How much will it cost me?The Global X Gold Explorers ETF (GOEX) has an expense ratio of 0.65%, meaning you’ll pay $6.50 per year for every $1,000 invested. This is higher than average because it is actively managed to focus on a niche area of gold exploration, which requires more specialized research and management.
What would affect this ETF?GOEX could benefit from rising gold prices driven by economic uncertainty or inflation, as gold is often seen as a safe haven asset. However, it may face challenges if interest rates rise, making gold less attractive compared to income-generating assets, or if exploration companies encounter difficulties in discovering new reserves. Additionally, global economic conditions and regulatory changes in mining regions could impact the performance of its top holdings and the broader sector.
GOEX Top 10 Holdings
The Global X Gold Explorers ETF (GOEX) is riding the wave of strong performance from Lundin Gold and OceanaGold, both benefiting from robust financial results and strategic initiatives that have fueled upward momentum. However, Eldorado Gold has been lagging slightly, weighed down by operational cost challenges despite positive revenue growth. With a clear focus on gold exploration, the fund is heavily concentrated in the Materials sector, offering a global mix of junior miners and explorers. This thematic positioning makes GOEX a high-risk, high-reward play for investors bullish on gold’s long-term prospects.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Coeur Mining | 7.68% | $8.39M | $11.37B | 174.84% | 74 Outperform | |
| Hecla Mining Company | 5.39% | $5.89M | $8.64B | 98.77% | 70 Outperform | |
| Equinox Gold | 5.29% | $5.78M | C$12.07B | 98.74% | 61 Neutral | |
| Lundin Gold | 4.61% | $5.03M | C$23.24B | 183.12% | 78 Outperform | |
| New Gold | 3.90% | $4.26M | $5.84B | 167.64% | 69 Neutral | |
| OceanaGold | 3.73% | $4.08M | $5.14B | 162.35% | 79 Outperform | |
| Eldorado Gold | 3.32% | $3.63M | $5.19B | 46.86% | 69 Neutral | |
| SSR Mining | 3.26% | $3.56M | C$6.51B | 271.64% | 66 Neutral | |
| Perseus Mining | 3.06% | $3.34M | AU$6.35B | 73.23% | 78 Outperform | |
| Alamos Gold | 2.78% | $3.03M | C$18.26B | 53.82% | 66 Neutral |
GOEX Technical Analysis
Neutral
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Price Trends
64.61
Positive
55.60
Positive
46.81
Positive
Market Momentum
0.17
Positive
48.04
Neutral
39.79
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For GOEX, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 69.94, equal to the 50-day MA of 64.61, and equal to the 200-day MA of 46.81, indicating a neutral trend. The MACD of 0.17 indicates Positive momentum. The RSI at 48.04 is Neutral, neither overbought nor oversold. The STOCH value of 39.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GOEX.
GOEX Peer Comparison
Comparison Results
Performance Comparison
GOEX
Global X Gold Explorers ETF
66.44
33.23
100.06%
SLVP
iShares MSCI Global Silver Miners ETF
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SGDM
Sprott Gold Miners ETF
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SGDJ
Sprott Junior Gold Miners ETF
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MXI
iShares Global Materials ETF
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GOAU
U.S. Global GO GOLD and Precious Metal Miners ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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