GOEX - ETF AI Analysis

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Global X Gold Explorers ETF (GOEX)

Rating:61Neutral

Price Target:―

The Global X Gold Explorers ETF (GOEX) has a balanced overall rating, reflecting both strengths and risks among its holdings. Strong performers like Lundin Gold, with its impressive revenue growth, debt elimination, and robust cash flow, and Eldorado Gold, supported by strategic advancements and solid financial health, contribute positively to the ETF's score. However, weaker holdings such as G Mining Ventures, which faces high debt levels and operational challenges, may have tempered the fund's overall rating. A key risk factor is the ETF's concentration in the gold exploration sector, which can be sensitive to fluctuations in gold prices and market conditions.

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)

AUM147.67M

RegionGlobal

Expense Ratio0.65%

Beta0.76

IssuerGlobal X

Inception DateNov 03, 2010

Dividend Yield1.85%

Asset ClassEquity

Index TrackedSolactive Global Gold Explorers & Developers Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume27,676

30 Day Avg. Volume40,654

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

92.66

Price 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) 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 a concentrated play on gold exploration, with nearly all its holdings rooted in the Materials sector and a global footprint. Stocks like Hecla Mining and Lundin Gold are steady performers, buoyed by strong financial health and strategic initiatives, while G Mining Ventures is rising on technical momentum despite its developmental risks. However, Coeur Mining is lagging slightly, weighed down by mixed technical indicators and operational inefficiencies. Overall, the fund’s focus on junior miners and explorers offers high-risk, high-reward exposure tied closely to gold price trends.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
HL	Hecla Mining Company	7.05%	$10.41M	$15.95B	339.93%	74 Outperform
ELD	Eldorado Gold	4.34%	$6.40M	C$11.38B	173.46%	79 Outperform
NGD	New Gold	4.03%	$5.95M	$8.05B	272.16%	78 Outperform
AGI	Alamos Gold	4.02%	$5.93M	C$25.06B	121.60%	77 Outperform
EQX	Equinox Gold	3.93%	$5.80M	C$15.99B	145.48%	73 Outperform
OCANF	OceanaGold	3.78%	$5.58M	$7.39B	282.59%	―
DPM	Dundee Precious Mtl	3.75%	$5.54M	C$10.54B	241.65%	75 Outperform
LUG	Lundin Gold	3.68%	$5.44M	C$29.25B	267.69%	78 Outperform
CDE	Coeur Mining	3.22%	$4.75M	$13.33B	224.88%	69 Neutral
RMS	Ramelius Resources Limited	2.90%	$4.28M	AU$8.68B	102.10%	76 Outperform

GOEX Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

76.11

Positive

100DMA

69.70

Positive

200DMA

56.47

Positive

Market Momentum

MACD

3.60

Negative

RSI

68.88

Neutral

STOCH

89.44

Negative

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 84.12, equal to the 50-day MA of 76.11, and equal to the 200-day MA of 56.47, indicating a bullish trend. The MACD of 3.60 indicates Negative momentum. The RSI at 68.88 is Neutral, neither overbought nor oversold. The STOCH value of 89.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GOEX.

GOEX Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
GOEX	―	―	$147.67M	0.65%	―
SLVP	―	―	$950.29M	0.39%	―
SGDM	―	―	$712.30M	0.50%	―
SGDJ	―	―	$372.03M	0.50%	―
MXI	―	―	$282.97M	0.39%	―
GOAU	―	―	$194.92M	0.60%	―

Performance Comparison

GOEX

Global X Gold Explorers ETF

90.42

59.62

193.57%

SLVP

iShares MSCI Global Silver Miners ETF

―

SGDM

Sprott Gold Miners ETF

―

SGDJ

Sprott Junior Gold Miners ETF

―

MXI

iShares Global Materials ETF

―

GOAU

U.S. Global GO GOLD and Precious Metal Miners ETF

―

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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