VanEck Gold Miners ETF Gets BUY Rating Amid Disconnection Between Gold and Mining Stocks

The VanEck Gold Miners ETF (GDX) is a BUY recommendation due to the disconnect between strong gold prices and underperforming mining stocks. The fund offers diversified exposure to 63 gold miners and royalty companies, mitigating company-specific risks while capturing sector upside if gold prices remain elevated.

Recent GDX weakness is seen as a reset, not a cycle end; miners could rerate as higher margins and cash flows materialize over the next 6-12 months. This represents an opportunity for investors seeking upside from disciplined miners in a favorable gold environment.