VanEck Gold Miners ETF vs Harmony Gold Mining Co. — how do they compare? VanEck Gold Miners ETF trades at $89.28 (market cap $25.65B), while Harmony Gold Mining Co. trades at $16.88 (market cap $10.02B). The key difference: VanEck Gold Miners ETF is far larger — about 2.6× Harmony Gold Mining Co.'s market cap, and Harmony Gold Mining Co. pays a 4.63% dividend while VanEck Gold Miners ETF pays none. Which is the better fit depends on your goals — on Pluang, investors hold VanEck Gold Miners ETF for 76 Days and Harmony Gold Mining Co. for 45 Days on average.
| GDX | HMY | |
|---|---|---|
Market Cap | $25.65B | $10.02B |
Volume | 16,534,046 | 3,643,683 |
52-Week High | $115.84 | $26.04 |
52-Week Low | $68.28 | $13.32 |
Typical Hold Time | 76 Days | 45 Days |
Sector | — | Basic Materials |
Enterprise Value | — | $10.07B |
Dividend Yield | — | 4.63% |
Signals from Pluang's Aura AI — not financial advice
GDX (VanEck Gold Miners ETF) trades at $86.74, up 1.5% on the day but facing bearish technical signals with 15 sell indicators versus 4 buy signals. The ETF remains 22% below its peak despite gold trading near $4,270, creating a potential catch-up opportunity. Recent institutional activity shows mixed sentiment with some firms reducing positions while others increased stakes significantly.
The outlook remains cautious with technical indicators pointing bearish, though gold's resilience amid rising rates provides fundamental support. Key risks include interest rate sensitivity and metals price volatility, while the valuation gap between physical gold and miners presents a potential opportunity if gold maintains strength.
Harmony Gold Mining (HMY) trades at $16.84, up 2.12% today, while showing strong fundamental performance with record revenue of $73.90B in 2025 and net income of $14.38B. The stock exhibits bearish technical signals with moving averages indicating selling pressure, though RSI levels suggest potential oversold conditions. Recent earnings show mixed results with two beats and two misses in the last four quarters, while analyst consensus remains cautious with 70% hold ratings.
HMY presents a value opportunity with attractive valuation multiples (P/E 6.02, EV/EBITDA 3.54) and robust profitability metrics (ROE 46.23%, net margin 29.57%). However, investors face risks from the company's significant capital expenditure plans and gold price volatility. The transition to copper production offers long-term growth potential but requires careful monitoring of execution and market conditions.
Trailing returns across standard periods
What Pluang investors did over the last 30 days
Latest headlines on both assets
The fund normally invests at least 80% of its total assets in common stocks and depositary receipts of companies involved in the gold mining industry. The index is a modified market-capitalization weighted index primarily comprised of publicly traded companies involved in the mining for gold and silver. The fund is non-diversified.
Read more on GDX →Harmony Gold Mining Co Ltd is a gold mining and exploration company having operations in South Africa and Papua New Guinea (PNG). Its projects include Bambanani, Joel, Masimong, Phakisa, Target 1, Tshepong, Unisel, Doornkop, and Kusasalethu. The group's segments are Tshepong Operations, Bambanani, Joel, Doornkop, Moab Khotsong, Hidden Valley, Target 1, Kusasalethu, Masimong, Unisel, and all other surface operations.
Read more on HMY →