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RING - AI Analysis
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iShares MSCI Global Gold Miners ETF (RING)
Rating:64Neutral
Price Target:
$74.00
Positive Factors
Strong Top Holdings
Several of the largest positions, like Newmont Mining and Kinross Gold, have delivered strong year-to-date performance, supporting the fund’s overall returns.
Focused Sector Exposure
The ETF’s heavy allocation to the materials sector aligns well with its gold mining theme, offering targeted exposure for investors seeking this niche.
Reasonable Expense Ratio
The fund charges a relatively low expense ratio compared to many specialized ETFs, helping investors keep more of their returns.
Negative Factors
High Sector Concentration
With over 85% of assets in the materials sector, the ETF is heavily exposed to fluctuations in commodity prices and mining industry risks.
Geographic Overweight in the U.S.
The ETF’s portfolio is dominated by U.S.-based companies, limiting diversification across global markets.
Mixed Performance Among Holdings
Some holdings, like Wheaton Precious Metals and Alamos Gold, have shown weaker year-to-date performance, which could dampen overall returns.
RING vs. SPDR S&P 500 ETF (SPY)
AUM2.39B
RegionGlobal
Expense Ratio0.39%
Beta0.60
IssueriShares
Inception DateJan 31, 2012
Dividend Yield0.74%
Asset ClassEquity
Index TrackedMSCI ACWI Select Gold Miners IMI
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume816,529
30 Day Avg. Volume604,186
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
73.57Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering42
RING Summary
The iShares MSCI Global Gold Miners ETF (RING) is an investment fund that focuses on companies involved in gold mining worldwide. It follows the MSCI ACWI Select Gold Miners Index, giving investors exposure to the materials sector, specifically gold miners. Some well-known companies in this ETF include Newmont Mining and Agnico Eagle. People might consider investing in RING to diversify their portfolio and benefit from potential growth in the gold mining industry, which often performs well during times of economic uncertainty. However, new investors should be aware that the ETF’s performance is closely tied to gold prices, which can be unpredictable.
How much will it cost me?The iShares MSCI Global Gold Miners ETF (RING) has an expense ratio of 0.39%, which means you’ll pay $3.90 per year for every $1,000 invested. This is slightly higher than average for ETFs because it is a specialized fund that focuses on gold mining companies, requiring more active management compared to broad index funds.
What would affect this ETF?The iShares MSCI Global Gold Miners ETF (RING) could benefit from rising gold prices, which often occur during economic uncertainty or inflation, as gold is seen as a safe-haven asset. However, it may face challenges from higher interest rates, which can make gold less attractive compared to income-generating investments, and regulatory changes or geopolitical risks affecting mining operations globally. Additionally, the ETF’s heavy reliance on a few top holdings like Newmont Mining and Agnico Eagle means its performance could be significantly impacted by company-specific issues.
RING Top 10 Holdings
The iShares MSCI Global Gold Miners ETF (RING) is heavily concentrated in the gold mining sector, with Newmont Mining and Agnico Eagle leading the charge thanks to steady financial performance and strategic growth initiatives. Kinross Gold and Coeur Mining are rising stars, benefiting from robust cash flow and operational improvements, though overbought conditions may introduce short-term volatility. Barrick Mining’s mixed momentum reflects operational challenges in Mali, while Wheaton Precious Metals is lagging slightly due to neutral technical indicators and slowing free cash flow growth. With global exposure, this fund’s fortunes are closely tied to gold’s glittering appeal.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Newmont Mining | 15.08% | $370.13M | $88.36B | 78.90% | 81 Outperform | |
| Agnico Eagle | 13.47% | $330.60M | $80.64B | 87.42% | 80 Outperform | |
| Barrick Mining | 8.49% | $208.51M | $55.89B | 72.18% | 79 Outperform | |
| Wheaton Precious Metals | 6.38% | $156.50M | $43.76B | 48.20% | 71 Outperform | |
| Kinross Gold | 4.51% | $110.59M | $28.29B | 132.86% | 73 Outperform | |
| Zijin Mining Group Co | 4.19% | $102.74M | HK$875.99B | 88.75% | 72 Outperform | |
| Coeur Mining | 2.83% | $69.46M | $11.03B | 179.19% | 74 Outperform | |
| Alamos Gold | 2.81% | $69.08M | C$18.18B | 53.11% | 66 Neutral | |
| Pan American Silver | 2.69% | $66.10M | $14.84B | 53.15% | 79 Outperform | |
| Equinox Gold | 2.08% | $51.08M | C$12.05B | 101.65% | 61 Neutral |
RING Technical Analysis
Neutral
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Price Trends
61.26
Positive
53.42
Positive
45.39
Positive
Market Momentum
-0.24
Positive
46.26
Neutral
36.51
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For RING, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 64.70, equal to the 50-day MA of 61.26, and equal to the 200-day MA of 45.39, indicating a neutral trend. The MACD of -0.24 indicates Positive momentum. The RSI at 46.26 is Neutral, neither overbought nor oversold. The STOCH value of 36.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RING.
RING Peer Comparison
Comparison Results
Performance Comparison
RING
iShares MSCI Global Gold Miners ETF
61.36
29.30
91.39%
IGF
iShares Global Infrastructure ETF
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ARKK
Ark Innovation Etf
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SIL
Global X Silver Miners ETF
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COPX
Global X Copper Miners ETF
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SILJ
ETFMG Prime Junior Silver 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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