Sprott Gold Miners ETF
SGDM - ETF AI Analysis
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Sprott Gold Miners ETF (SGDM)
SGDM’s overall rating suggests it is a solid, but not perfect, way to gain exposure to gold miners, supported by several strong, well-run companies. Major holdings like Newmont, Agnico Eagle, Barrick, and Kinross Gold contribute positively through strong financial performance, efficient operations, and generally bullish outlooks, though some are flagged as potentially overvalued or overbought. The main risk factor is the fund’s concentration in gold and precious metals miners, where high valuations, operational challenges in certain regions, and sector-specific volatility can hold back the rating and increase risk for investors.
SGDM vs. SPDR S&P 500 ETF (SPY)
- AUM
- 638.89M
- Region
- Global
- Expense Ratio
- 0.46%
- Beta
- 0.80
- Issuer
- Sprott
- Inception Date
- Jul 15, 2014
- Dividend Yield
- 1.01%
- Asset Class
- Equity
- Index Tracked
- Solactive Gold Miners Custom Factors Index
SGDM Summary
SGDM is the Sprott Gold Miners ETF, which follows the Solactive Gold Miners Custom Factors Index and focuses on companies that mine and produce gold. Most of its holdings are in the U.S. and Canada, and it owns well-known gold miners like Newmont and Barrick. Investors might consider SGDM if they want to bet on gold prices, add diversification, or seek a potential hedge during economic uncertainty, since gold is often seen as a safe-haven asset. A key risk is that gold mining stocks can be very volatile and may rise or fall sharply with changes in gold prices and the broader market.
How much will it cost me?
SGDM has an expense ratio of 0.46%, which means you’ll pay about $4.60 per year for every $1,000 invested. This cost is higher than the average ETF because SGDM is a specialized, rules-based fund focused on gold miners rather than a broad, plain-vanilla index fund.
What would affect this ETF?
Future performance of SGDM will be strongly influenced by gold prices: if inflation worries, economic stress, or geopolitical tensions rise, demand for gold could increase and benefit its global gold miners like Agnico Eagle, Newmont, and Barrick. On the other hand, higher interest rates, a strong economy that favors other sectors, or tighter environmental and mining regulations could hurt profitability for these materials companies and weigh on the ETF.
SGDM Top 10 Holdings
SGDM is essentially a pure play on global gold miners, with heavy exposure to a handful of big names that set the tone for the fund. Agnico Eagle and Newmont have been rising over the past few months, helping drive performance, while Franco-Nevada and Wheaton Precious Metals add steady, royalty-style ballast despite some recent wobbling. On the flip side, Kinross Gold and Coeur Mining have been lagging, acting like weights on the portfolio. With nearly all holdings tied to precious metals and spread across North America and beyond, this ETF lives and dies by the gold cycle.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 AEM | Agnico Eagle | ― | ― | ― | ― | 80Outperform |
 NEM | Newmont Mining | 7.92% | $49.49M | $124.66B | 31.71% | 81Outperform |
 B | Barrick Mining | ― | ― | ― | ― | 80Outperform |
 WPM | Wheaton Precious Metals | ― | ― | ― | ― | 79Outperform |
 TSE:FNV | Franco-Nevada | 6.24% | $39.00M | CAD 70.03B | 30.11% | 74Outperform |
 KGC | Kinross Gold | ― | ― | ― | ― | 81Outperform |
 TSE:LUG | Lundin Gold | 3.66% | $22.86M | CAD 23.92B | -11.88% | 78Outperform |
 PAAS | Pan American Silver | ― | ― | ― | ― | 80Outperform |
 EDVMF | Endeavour Mining | 3.18% | $19.88M | $13.37B | 33.29% | ―― |
 IAG | IAMGOLD | 3.03% | $18.90M | $10.55B | 32.19% | ―― |
SGDM Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For SGDM, the sentiment is Neutral. The current price of 72.14 is above the 20-day moving average (MA) of 70.95, below the 50-day MA of 74.79, and below the 200-day MA of 74.54, indicating a neutral trend. The MACD of -0.22 indicates Negative momentum. The RSI at 49.99 is Neutral, neither overbought nor oversold. The STOCH value of 74.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SGDM.
SGDM Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| SGDM | $72.14 | $82.00(13.67% Upside) | $638.89M | 0.46% | 70Outperform |
 SLVP | $31.27 | $43.87(40.29% Upside) | $791.35M | 0.39% | 59Neutral |
 MXI | $109.60 | $131.47(19.96% Upside) | $404.53M | 0.37% | 65Neutral |
 COPP | $36.75 | $47.74(29.90% Upside) | $239.41M | 0.66% | 55Neutral |
 GOAU | $42.00 | $55.69(32.60% Upside) | $191.36M | 0.60% | 70Outperform |
 GOEX | $77.19 | $108.07(40.00% Upside) | $115.62M | 0.65% | 58Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SGDM | Sprott Gold Miners ETF | 72.14 | 9.60 | 15.35% | |
| SLVP | iShares MSCI Global Silver Miners ETF | 31.27 | 3.97 | 14.55% | |
| MXI | iShares Global Materials ETF | 109.60 | 19.01 | 20.99% | |
| COPP | Sprott Copper Miners ETF | 36.75 | 8.21 | 28.76% | |
| GOAU | U.S. Global GO GOLD and Precious Metal Miners ETF | 42.00 | 3.23 | 8.33% | |
| GOEX | Global X Gold Explorers ETF | 77.19 | 8.30 | 12.05% |
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.