Gold Miners ETF (SGDJ) Hits New 52-Week High
For investors seeking momentum, Sprott Junior Gold Miners ETF SGDJ is probably on the radar. The fund just hit a 52-week high and has moved up 82.40% from its 52-week low price of $29.44 per share.But are there more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed.SGDJ in FocusThe underlying Solactive Junior Gold Miners Custom Factors Index aims to track the performance of small-capitalization gold companies whose stocks are listed on regulated exchanges. The product charges 50 bps in annual fees.Why the Move?Gold producers are set for record-breaking profit margins this earnings season, due to a surge in gold prices—up over $400 in Q2—outpacing cost increases, which have largely stabilized. Falling fuel costs, productivity gains, and completed mine projects are aiding profitability.With gold expected to average $3,200/oz in 2025–26, mid-tier and intermediate miners—still trading at discounts—offer the best value, supported by strong leverage to prices, reserve upside, and M&A potential, per Stifel Financial Corp., as quoted on Kitco.More Gains Ahead?SGDJ may continue its strong performance in the near term, with a positive weighted alpha of 69.90 (as of Barchart.com), which gives cues of a further rally.Want key ETF info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sprott Junior Gold Miners ETF (SGDJ): ETF Research ReportsThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
Quelle: Zacks
