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VanEck Gold Miners ETF (GDX) offers strong gold miner exposure with a buy rating amid favorable long-term trends.

Analyst Insights
25 May 2026
Seeking Alpha
View Source
Bullish
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The VanEck Gold Miners ETF (GDX) provides investors exposure to global gold mining companies rather than physical gold. It currently manages $26 billion in assets and trades at a significant discount compared to the S&P 500. The ETF benefits from strong unit economics, central bank gold demand, and trends like de-dollarization and supply constraints. Despite potential short-term volatility from production costs and geopolitical risks, GDX is rated a Buy due to expected long-term growth driven by monetary policy shifts and steady gold demand.

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