RING: The Gold Rush Is Over?
Source: SeekingAlpha
2025-05-08 12:29:55 ET
Summary
- RING's top holdings (NEM, AEM, GOLD) show stable EV/EBITDA and growth, but latent market imbalances raise doubts about maintaining alpha.
- RING tracks the MSCI ACWI Select Gold Miners Index, with a 0.39% fee and high concentration in top holdings, questioning its cost-effectiveness.
- Risks include volatile precious metal prices, production guidance, costs, and USD value, impacting future EBITDA and raising concerns about RING's stability.
It’s a “golden era” for the companies inside RING. More gold than gold: compared to ETFs directly linked to gold itself, it has delivered positive alpha....
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RING: The Gold Rush Is Over?
Barrick Gold Corporation
NASDAQ: ABX:CC
ABX:CC Trading
-2.35% G/L:
$19.97 Last:
8,932,659 Volume:
$20.45 Open:
