Gold Miner ETFs Are Thriving—And It's Not Just Due to Inflation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2025
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Source: Benzinga
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.
Analyst Views on GDXJ
Wall Street analysts forecast GDXJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GDXJ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
