by Adam Hamilton
Zeal LLC
The gold stocks’ latest earnings season is just getting underway, and should prove fantastic. The miners are set to report their most-profitable quarter in years, primarily driven by much-higher gold prices. These companies have also mostly forecast holding the line on costs, helping earnings amplify gold’s breakout surge. This sector’s strong-and-improving fundamentals should increasingly attract back institutional investors.
For 31 quarters in a row now, I’ve painstakingly analyzed the latest results reported by GDX’s major gold miners. This VanEck Gold Miners ETF dominates this sector, commanding 28.9x the assets of its next-largest 1x-long major-gold-miners-ETF competitor! Right after every earnings season, I dig into the latest quarterly reports from GDX’s 25 largest component stocks including the world’s biggest gold miners.