GOEX - ETF AI Analysis
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Global X Gold Explorers ETF (GOEX)
Rating:61Neutral
Price Target:―
Positive Factors
Global Gold Explorer Focus
The fund targets gold exploration and mining companies across several countries, giving investors focused exposure to potential growth in the gold industry.
International Diversification
Holdings spread across Canada, the USA, Australia, the UK, and Hong Kong help reduce the impact of problems in any single country’s market.
Healthy Size for a Niche Strategy
The fund’s assets under management are sizable for a specialized gold explorers ETF, suggesting enough scale and investor interest to support ongoing operations.
Negative Factors
Weak Recent Performance
The ETF’s year-to-date and three-month returns have been negative, showing that it has struggled in the current market environment.
Concentration in Materials Sector
With almost all assets in the materials sector, investors are heavily exposed to swings in commodity prices and mining industry conditions.
Mixed Results Among Top Holdings
Several of the largest positions have shown weak or lagging performance this year, which can drag down overall fund returns despite a few stronger names.
GOEX vs. SPDR S&P 500 ETF (SPY)
AUM104.44M
RegionGlobal
Expense Ratio0.65%
Beta1.04
IssuerGlobal X
Inception DateNov 03, 2010
Dividend Yield2.58%
Asset ClassEquity
Index TrackedSolactive Global Gold Explorers & Developers Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume4,073
30 Day Avg. Volume8,341
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
100.91Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering46
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
GOEX Summary
The Global X Gold Explorers ETF (GOEX) is a fund that follows the Solactive Global Gold Explorers & Developers Index, focusing on smaller gold exploration and mining companies around the world. It holds firms like Hecla Mining and Coeur Mining, which search for and develop new gold deposits in countries such as Canada, the U.S., and Australia. Someone might invest in GOEX if they believe gold prices will rise and want growth potential from new discoveries, while spreading risk across many companies. A key risk is that these early-stage gold miners can be very volatile and can go up or 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 global gold explorers, with the story largely driven by a handful of mid-sized miners. Dundee Precious Metals has been one of the fund’s bright spots, rising steadily and helping offset weakness elsewhere. In contrast, Hecla Mining and Coeur Mining have been lagging, acting like weights on the portfolio as their shares struggle to gain traction. Names like Eldorado Gold and Lundin Gold show more mixed momentum, reflecting the stop-and-go nature of exploration. Overall, the ETF is tightly focused on the materials sector, with diversified exposure across North American and international gold plays.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Hecla Mining Company | 4.94% | $5.16M | $9.47B | 141.71% | 74 Outperform | |
| DPM Metals | 4.83% | $5.05M | C$10.81B | 105.50% | 75 Outperform | |
| Coeur Mining | 4.09% | $4.27M | $15.37B | 68.95% | 69 Neutral | |
| Eldorado Gold | 3.82% | $3.99M | C$11.06B | 48.06% | 79 Outperform | |
| Lundin Gold | 3.56% | $3.72M | C$18.98B | 18.21% | 78 Outperform | |
| OceanaGold | 3.55% | $3.71M | $5.36B | 77.80% | ― | |
| G Mining Ventures | 3.32% | $3.47M | C$12.66B | 148.60% | 53 Neutral | |
| SSR Mining | 3.29% | $3.43M | $5.32B | 114.72% | ― | |
| Equinox Gold | 3.24% | $3.38M | C$14.63B | 45.71% | 73 Outperform | |
| Alamos Gold | 3.07% | $3.21M | C$16.31B | 12.20% | 77 Outperform |
GOEX Technical Analysis
Neutral
―
Price Trends
72.11
Positive
78.43
Negative
80.72
Negative
Market Momentum
-0.42
Negative
54.34
Neutral
54.55
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 69.34, equal to the 50-day MA of 72.11, and equal to the 200-day MA of 80.72, indicating a neutral trend. The MACD of -0.42 indicates Negative momentum. The RSI at 54.34 is Neutral, neither overbought nor oversold. The STOCH value of 54.55 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
72.78
25.90
55.25%
SLVP
iShares MSCI Global Silver Miners ETF
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SGDM
Sprott Gold Miners ETF
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MXI
iShares Global Materials ETF
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COPP
Sprott Copper Miners ETF
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SLX
VanEck Steel 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.
DisclaimerThis 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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