Barrick Gold Q4: Higher Realized Gold Prices, Revenue Miss, New Stock Buyback And More
Fourth Quarter Performance: Barrick Gold Corp reported fourth-quarter revenue of $3.645 billion, an 8% increase quarter-over-quarter but below the expected $3.978 billion. Gold production rose by 15% to 1,080 thousand ounces, while adjusted EPS of 46 cents exceeded the consensus of 41 cents.
Future Outlook and Shareholder Actions: The company anticipates gold production between 3.15–3.5 million ounces for FY25 and plans a capital expenditure of $3.1–$3.6 billion. Barrick also declared a dividend of 10 cents per share and initiated a new share repurchase program of up to $1 billion.
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ETFs on the Move This Monday: ARGT, SGDM
Sprott Gold Miners ETF Performance: The Sprott Gold Miners ETF is underperforming, down approximately 6.2% in Monday afternoon trading.
Weakest Components: Key contributors to the ETF's decline include Gold Fields Limited, which fell by about 8.9%, and Coeur Mining, which decreased by about 8.4%.
Market Context: The performance of the ETF is part of a broader market trend observed on Monday.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
Sprott Active Gold & Silver Miners ETF Surpasses $100 Million in Assets
GBUG ETF Milestone: Sprott Asset Management's Sprott Active Gold & Silver Miners ETF (GBUG) reached $100 million in assets under management within seven months of its inception on February 19, 2025, driven by strong investor interest and rising gold and silver prices.
Active Management Strategy: GBUG employs a value-oriented and contrarian investment strategy, focusing on gold and silver mining companies, and benefits from the expertise of Sprott's experienced team in active stock selection within the precious metals sector.
This ETF Has Soared an Astonishing 470% — and It's Not Technology-Related
Gold Miners ETF Performance: The MicroSectors Gold Miners 3X Leveraged ETF (GDXU) has surged over 470% year-to-date, outperforming other ETFs, driven by rising gold prices and significant inflows into gold-related investments.
Market Trends Influencing Gold: Factors such as anticipated Federal Reserve rate cuts, increased central bank gold purchases, and heightened safe-haven demand due to geopolitical tensions have contributed to the strong performance of gold and gold mining stocks.
Gold Miner ETFs Are Thriving—And It's Not Just Due to Inflation
Gold Miners ETFs Popularity: Investors are increasingly turning to gold miners ETFs, such as VanEck Gold Miners ETF (GDX) and Sprott Gold Miners ETF (SGDM), to capitalize on rising gold prices, with significant year-to-date gains of around 105% for both funds.
Macroeconomic Factors Driving Gold Prices: The recent surge in gold prices, up 42% year-to-date, is attributed to macroeconomic uncertainty, expectations of Federal Reserve rate cuts, and a declining U.S. dollar, which enhances gold's appeal as a safe-haven asset.
Survey Reveals Lack of Gold Success in Fund Allocation
Gold's Performance: Gold is experiencing its second-best performance in 50 years, with a 43% increase as investors seek to hedge against geopolitical and monetary risks, although institutional allocations remain low at just 2.4%.
Institutional Reluctance: A recent survey shows that 39% of fund managers have no exposure to gold, while technology stocks dominate their portfolios, reflecting a risk perception focused on inflation and central bank credibility rather than trade tensions.
Central Bank Demand: Central bank purchases of gold have slowed, with neutral activity in July after three years of record accumulation, although China continues to import non-monetary gold to diversify its reserves.
Cryptocurrency Absence: Institutional portfolios are also lacking in cryptocurrency exposure, with two-thirds of respondents reporting no allocation, and those who do maintain minimal positions averaging under 1% of their assets.
Gold ETFs to Monitor as Prices Reach New Peaks
Gold Price Rally: Gold prices have surged 11.19% in the past month and 41.48% year-to-date, driven by anticipated Fed interest rate cuts, dollar weakness, and strong demand amid geopolitical tensions.
Investment Strategies: Investors are encouraged to consider various gold ETFs for exposure, with SPDR Gold Shares (GLD) being the most liquid option, while long-term passive investment strategies are recommended to navigate market volatility.
ETFs on the Move This Monday: ARGT, SGDM
Sprott Gold Miners ETF Performance: The Sprott Gold Miners ETF is underperforming, down approximately 6.2% in Monday afternoon trading.
Weakest Components: Key contributors to the ETF's decline include Gold Fields Limited, which fell by about 8.9%, and Coeur Mining, which decreased by about 8.4%.
Market Context: The performance of the ETF is part of a broader market trend observed on Monday.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
Sprott Active Gold & Silver Miners ETF Surpasses $100 Million in Assets
GBUG ETF Milestone: Sprott Asset Management's Sprott Active Gold & Silver Miners ETF (GBUG) reached $100 million in assets under management within seven months of its inception on February 19, 2025, driven by strong investor interest and rising gold and silver prices.
Active Management Strategy: GBUG employs a value-oriented and contrarian investment strategy, focusing on gold and silver mining companies, and benefits from the expertise of Sprott's experienced team in active stock selection within the precious metals sector.
This ETF Has Soared an Astonishing 470% — and It's Not Technology-Related
Gold Miners ETF Performance: The MicroSectors Gold Miners 3X Leveraged ETF (GDXU) has surged over 470% year-to-date, outperforming other ETFs, driven by rising gold prices and significant inflows into gold-related investments.
Market Trends Influencing Gold: Factors such as anticipated Federal Reserve rate cuts, increased central bank gold purchases, and heightened safe-haven demand due to geopolitical tensions have contributed to the strong performance of gold and gold mining stocks.
Gold Miner ETFs Are Thriving—And It's Not Just Due to Inflation
Gold Miners ETFs Popularity: Investors are increasingly turning to gold miners ETFs, such as VanEck Gold Miners ETF (GDX) and Sprott Gold Miners ETF (SGDM), to capitalize on rising gold prices, with significant year-to-date gains of around 105% for both funds.
Macroeconomic Factors Driving Gold Prices: The recent surge in gold prices, up 42% year-to-date, is attributed to macroeconomic uncertainty, expectations of Federal Reserve rate cuts, and a declining U.S. dollar, which enhances gold's appeal as a safe-haven asset.
Survey Reveals Lack of Gold Success in Fund Allocation
Gold's Performance: Gold is experiencing its second-best performance in 50 years, with a 43% increase as investors seek to hedge against geopolitical and monetary risks, although institutional allocations remain low at just 2.4%.
Institutional Reluctance: A recent survey shows that 39% of fund managers have no exposure to gold, while technology stocks dominate their portfolios, reflecting a risk perception focused on inflation and central bank credibility rather than trade tensions.
Central Bank Demand: Central bank purchases of gold have slowed, with neutral activity in July after three years of record accumulation, although China continues to import non-monetary gold to diversify its reserves.
Cryptocurrency Absence: Institutional portfolios are also lacking in cryptocurrency exposure, with two-thirds of respondents reporting no allocation, and those who do maintain minimal positions averaging under 1% of their assets.
Gold ETFs to Monitor as Prices Reach New Peaks
Gold Price Rally: Gold prices have surged 11.19% in the past month and 41.48% year-to-date, driven by anticipated Fed interest rate cuts, dollar weakness, and strong demand amid geopolitical tensions.
Investment Strategies: Investors are encouraged to consider various gold ETFs for exposure, with SPDR Gold Shares (GLD) being the most liquid option, while long-term passive investment strategies are recommended to navigate market volatility.
