Gold Miners Go Parabolic: GDX Hits 2012 Highs, Newmont Soars 9%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 11 2025
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Source: Benzinga
Gold ETFs Surge in Demand: As gold prices hit 18-month highs amid U.S.-China trade tensions, investors are increasingly turning to gold-backed ETFs for safer investments, leading to record inflows of $21 billion in the first quarter.
Strong Performance of Gold Mining Stocks: Gold mining ETFs, including VanEck Gold Miners ETF and iShares MSCI Global Gold Miners ETF, have seen significant gains, reflecting investor confidence in the sector as they seek refuge from market volatility.
Analyst Views on SGDM
Wall Street analysts forecast SGDM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SGDM 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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Current: 82.180
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Current: 82.180
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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.
