A Good Jobs Report Points to Continued Good Times for Stocks

First off, he notes, the group's recent laggard performance follows a period of strong returns.The GDX ETF turned in an 18.06% annual return in the three years through Nov. 4, despite a negative 17.04% return in the most recent 12 months, according to Morningstar. [...]the group has a bad rap a...

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Veröffentlicht in:Barron's 2021-11, Vol.101 (45), p.8-9
1. Verfasser: syth, Randall W
Format: Artikel
Sprache:eng
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Zusammenfassung:First off, he notes, the group's recent laggard performance follows a period of strong returns.The GDX ETF turned in an 18.06% annual return in the three years through Nov. 4, despite a negative 17.04% return in the most recent 12 months, according to Morningstar. [...]the group has a bad rap as being just a perpetual call option on bullion traded at inflated valuations. [...]historically, many mines have been saddled with poor managements that were lousy allocators of capital. [...]they provide a 2.31% dividend yield, which he adds ain't chopped liver, compared with the S&P 500's 1.38%. According to Canaccord Genuity estimates that he cites, they will flip from carrying aggregate debt of $18 billion
ISSN:1077-8039