The VanEck Gold Miners ETF (GDX) is currently experiencing a favorable environment, supported by robust corporate earnings and a steady gold price. Investors are now looking ahead to a key earnings report from another major industry player, assessing whether the precious metal’s recovery can provide lasting support for mining operators.
Gold Price Holds Above Key Threshold
A significant tailwind for the fund’s underlying holdings comes from the gold market itself. After correcting from recent peaks near $5,600, the precious metal has reclaimed an important psychological level. Current trading shows gold stabilizing above the $5,000 mark, with recent activity recorded between $5,041 and $5,044 per ounce. This price stability directly supports the profitability of the mining companies within the ETF’s portfolio.
Agnico Eagle Reports Exceptional Growth
A primary contributor to the ETF’s strength is the outstanding performance of its holding, Agnico Eagle Mines (AEM). The company announced last Saturday that its net profit for the 2025 fiscal year surged by 135 percent compared to the previous year. Reflecting this financial strength, the board declared last Thursday a 12.5 percent increase in its quarterly dividend, raising it to $0.45 per share. This distribution will be paid on March 16 to all shareholders of record as of March 2.
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Market Awaits Newmont’s Guidance
Attention within the GDX investment community now shifts to Thursday. After the US market closes, Newmont Corporation (NEM), another core holding of the fund, is scheduled to release its fourth-quarter and full-year 2025 results. The performance and forward guidance from this industry leader are widely viewed as a critical indicator for sentiment across the entire mining sector. The fund’s near-term trajectory may depend significantly on this upcoming report; a positive trend similar to Agnico Eagle’s could further solidify the sector’s rally.
Comparative Fund Dynamics
When compared to more specialized vehicles like the Global X Silver Miners ETF (SIL), the GDX offers distinct characteristics. It benefits from a larger capital base and broader diversification across companies. Although both sectors have recently posted positive returns, the gold mining ETF has historically demonstrated lower volatility than its silver-focused counterpart.
The convergence of firm metal prices and impressive individual company results is providing fresh impetus for the VanEck Gold Miners ETF. The upcoming earnings release will be pivotal in determining whether this positive momentum can be sustained.
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