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Gold miners ETF upgraded to buy after 40% gain and technical breakout, with strong growth and year-end upside potential.

Analyst Insights
13 Sep 2026
Seeking Alpha
View Source
Bullish
Gold miners ETF upgraded to buy after 40% gain and technical breakout, with strong growth and year-end upside potential.

The WisdomTree Efficient Gold Plus Gold Miners Strategy Fund ETF (GDMN) was upgraded to buy following a 40% gain since last year and a recent 30% pullback from January highs. It offers an attractive valuation with a 13.4x price-to-earnings ratio, strong 11.17% long-term earnings growth, and a PEG ratio just above 1.0x. Technical analysis shows bullish momentum after a triangle breakout, with key support at $89 and resistance at $115. Seasonality trends favor gains from November to January, and a distribution near 2% is expected in late October. This outlook is supported by macroeconomic uncertainty and positive market sentiment, especially after gold surged in July and August amid concerns over US Treasury actions and currency interventions.

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