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GOEX - ETF AI Analysis
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Global X Gold Explorers ETF (GOEX)
Rating:61Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains over the past few months, indicating positive momentum in its holdings.
Top Holdings Showing Solid Gains
Several of the largest positions, including Hecla Mining and other key gold explorers, have delivered strong year-to-date performance that supports the fund’s returns.
Global Gold Explorer Exposure
Holdings spread across Canada, the U.S., Australia, and a few other markets give investors diversified access to gold exploration companies worldwide.
Negative Factors
High Sector Concentration
With almost all assets in the materials sector, the fund is heavily exposed to swings in gold and mining-related markets.
Moderate Geographic Concentration
A large majority of the portfolio is concentrated in just three countries, which can increase vulnerability to region-specific risks.
Relatively High Expense Ratio
The fund’s expense ratio is on the higher side for an ETF, which can eat into long-term returns compared with lower-cost alternatives.
GOEX vs. SPDR S&P 500 ETF (SPY)
AUM161.52M
RegionGlobal
Expense Ratio0.65%
Beta0.75
IssuerGlobal X
Inception DateNov 03, 2010
Dividend Yield1.74%
Asset ClassEquity
Index TrackedSolactive Global Gold Explorers & Developers Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume105,199
30 Day Avg. Volume56,546
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
111.74Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering45
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
GOEX Summary
The Global X Gold Explorers ETF (GOEX) follows the Solactive Global Gold Explorers & Developers Index and focuses on smaller gold exploration and mining companies around the world. It mainly holds materials stocks, including names like Hecla Mining Company and Eldorado Gold. Someone might invest in GOEX if they believe gold prices will rise and want a way to potentially benefit from new gold discoveries, while spreading their money across many companies instead of picking just one. A key risk is that these exploration stocks can be very volatile and can go up and down sharply with gold prices.
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
GOEX is a pure play on gold explorers, and its story right now is all about rising miners riding a firm gold backdrop. Hecla Mining is leading the charge, with Eldorado Gold and New Gold also pulling their weight as steady climbers. Names like Equinox Gold and OceanaGold are contributing more quietly, adding stability rather than fireworks. This is a highly concentrated bet on the Materials sector, specifically gold miners, with a global mix of holdings across North America and other mining regions, so performance is tightly tied to the fortunes of the gold market.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Hecla Mining Company | 5.84% | $9.43M | $15.14B | 315.44% | 74 Outperform | |
| Eldorado Gold | 4.62% | $7.46M | C$12.93B | 238.84% | 79 Outperform | |
| OceanaGold | 4.20% | $6.78M | $8.72B | 308.88% | ― | |
| Equinox Gold | 3.91% | $6.32M | C$16.90B | 133.04% | 73 Outperform | |
| New Gold | 3.91% | $6.31M | C$11.96B | 280.07% | 78 Outperform | |
| Alamos Gold | 3.83% | $6.18M | C$25.87B | 102.91% | 77 Outperform | |
| Dundee Precious Mtl | 3.81% | $6.15M | C$11.53B | 225.09% | 75 Outperform | |
| Ramelius Resources Limited | 3.14% | $5.07M | AU$8.70B | 97.53% | 76 Outperform | |
| Coeur Mining | 3.10% | $5.01M | $14.40B | 239.18% | 69 Neutral | |
| Lundin Gold | 3.05% | $4.93M | C$26.49B | 203.61% | 78 Outperform |
GOEX Technical Analysis
Positive
―
Price Trends
87.41
Positive
77.69
Positive
62.45
Positive
Market Momentum
1.78
Positive
54.45
Neutral
74.58
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For GOEX, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 95.64, equal to the 50-day MA of 87.41, and equal to the 200-day MA of 62.45, indicating a bullish trend. The MACD of 1.78 indicates Positive momentum. The RSI at 54.45 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 Positive sentiment for GOEX.
GOEX Peer Comparison
Comparison Results
Performance Comparison
GOEX
Global X Gold Explorers ETF
96.23
62.62
186.31%
SGDM
Sprott Gold Miners ETF
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―
―
SGDJ
Sprott Junior Gold Miners ETF
―
―
―
MXI
iShares Global Materials ETF
―
―
―
COPP
Sprott Copper Miners ETF
―
―
―
GOAU
U.S. Global GO GOLD and Precious Metal Miners ETF
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―
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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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