Latest news with #Miners
Yahoo
4 days ago
- Business
- Yahoo
Gold-Mining ETFs Losing Their Shine Following Torrid 2025 Rally
(Bloomberg) -- Investors are exiting exchange-traded funds that track the shares of gold-mining companies, a sign that the high-flying sector's allure may be dimming even as prices for the precious metal remain strong. Next Stop: Rancho Cucamonga! ICE Moves to DNA-Test Families Targeted for Deportation with New Contract Where Public Transit Systems Are Bouncing Back Around the World US Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents Warn The Global Struggle to Build Safer Cars Gold-mining stocks have soared this year, outpacing the 24% climb in gold prices and leaving the broader S&P 500 Index in the dust as investors sought haven assets amid worries over global trade and massive government spending. The VanEck Gold Miners ETF, the largest exchange-traded fund tracking the group, is up 57% year to date. That performance hasn't stopped investors from heading for the exits in recent months. Van Eck's fund has seen net outflows every month so far this year, except for May. Others are feeling similar selling pressure: The Sprott Gold Miners ETF saw outflows in May even as bullion prices set a record high. 'People are actually selling their shares of gold-mining ETFs into the rally,' said John Ciampaglia, CEO and senior managing director at Sprott Asset Management LP. 'We're not seeing new money, as a whole, come into the sector.' A range of factors is fueling the outflows. Years of budget overspending by gold-mining companies have made investors wary of holding their shares for too long, even though some miners have grown more disciplined on expenditures, said Greg Taylor, chief investment officer at PenderFund Capital Management Ltd. 'Most people view it as a trading sector rather than a buy-and-hold sector,' he said. The furious rise in mining shares may have also left traders seeking gains in other corners of the market, such as tech stocks and bitcoin, Taylor added. The tech-heavy Nasdaq 100 Index is up 10% since the end of April, compared to an 8.4% rally in the Van Eck ETF. BofA Securities analysts urged investors to 'buy oil, not gold' in a May 29 research note, saying the two asset classes 'are trading at polar ends of the relative value spectrum.' The bank noted that the S&P 500 is trading at its highest multiple relative to the price of West Texas Intermediate crude since the pandemic, making a good entry point for oil, while trading in-line with its historical average multiple relative to gold. Central Banks Still, proponents of precious metals have been quick to point out the sector's more attractive features. Among these is how the shares are valued relative to companies' earnings: despite their recent rally, mining stocks are relatively cheap on a historical basis, as the rising gold price has juiced profits. Shares of Newmont Corp., the biggest miner by market capitalization, trade at 13 times future earnings, compared to an average of 20 over the last five years. Scotia Capital Inc. analyst Ovais Habib wrote in a Thursday note that gold-mining stocks are trading as if their total gold resources are valued at $1,454 per ounce, well bellow the spot gold price, which stood at $3,380 an ounce on Thursday afternoon. Brooke Thackray, a research analyst at Global X, said lower input costs in the form of cheaper oil and diesel prices can help miners' returns in coming quarters by boosting cash flow. Another supportive factor is steady gold buying by central banks, which some analysts expect to continue pushing gold prices higher and buoy miners' shares. Central banks have been buying 80 metric tons of gold each month, analysts at Goldman Sachs estimate. Taken together, central banks and sovereign wealth funds have been mopping up 1,000 tons a year, at least a quarter of annual mined production, according the World Gold Council. 'They've been in the market and they're really price-indiscriminate,' Thackray said. Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Is Elon Musk's Political Capital Spent? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling ©2025 Bloomberg L.P. Sign in to access your portfolio
Washington Post
11-03-2025
- Sport
- Washington Post
UTEP Miners take on the Sam Houston Bearkats in CUSA Tournament
Sam Houston Bearkats (13-18, 6-12 CUSA) vs. UTEP Miners (17-14, 7-11 CUSA) Huntsville, Alabama; Tuesday, 6:30 p.m. EDT BETMGM SPORTSBOOK LINE: Miners -1; over/under is 145.5 BOTTOM LINE: UTEP and Sam Houston square off in the CUSA Tournament. The Miners have gone 7-11 against CUSA teams, with a 10-3 record in non-conference play. UTEP is the best team in the CUSA with 14.3 fast break points.
Associated Press
11-03-2025
- Sport
- Associated Press
UTEP Miners take on the Sam Houston Bearkats in CUSA Tournament
Sam Houston Bearkats (13-18, 6-12 CUSA) vs. UTEP Miners (17-14, 7-11 CUSA) BETMGM SPORTSBOOK LINE: Miners -1; over/under is 145.5 BOTTOM LINE: UTEP and Sam Houston square off in the CUSA Tournament. The Miners have gone 7-11 against CUSA teams, with a 10-3 record in non-conference play. UTEP is the best team in the CUSA with 14.3 fast break points. The Bearkats are 6-12 against CUSA opponents. Sam Houston averages 12.1 turnovers per game and is 8-5 when committing fewer turnovers than opponents. UTEP scores 72.7 points per game, 3.2 fewer points than the 75.9 Sam Houston allows. Sam Houston has shot at a 44.8% rate from the field this season, 0.4 percentage points above the 44.4% shooting opponents of UTEP have averaged. The teams meet for the third time this season. Sam Houston won 89-87 in the last matchup on March 7. Lamar Wilkerson led Sam Houston with 29 points, and Devon Barnes led UTEP with 16 points. TOP PERFORMERS: Otis Frazier III is shooting 44.6% and averaging 13.4 points for the Miners. Kevin Kalu is averaging 10.2 points over the last 10 games. Kalifa Sakho is averaging 7.6 points and 6.3 rebounds for the Bearkats. Wilkerson is averaging 3.6 made 3-pointers over the last 10 games. LAST 10 GAMES: Miners: 2-8, averaging 71.1 points, 31.1 rebounds, 12.0 assists, 8.7 steals and 2.6 blocks per game while shooting 41.4% from the field. Their opponents have averaged 75.0 points per game. Bearkats: 5-5, averaging 72.7 points, 30.2 rebounds, 11.4 assists, 5.8 steals and 3.5 blocks per game while shooting 45.3% from the field. Their opponents have averaged 73.4 points. ___
Yahoo
10-03-2025
- Sport
- Yahoo
UTEP plays in CUSA Tournament against the Sam Houston
Sam Houston Bearkats (13-18, 6-12 CUSA) vs. UTEP Miners (17-14, 7-11 CUSA) Huntsville, Alabama; Tuesday, 6:30 p.m. EDT BOTTOM LINE: UTEP and Sam Houston play in the CUSA Tournament. The Miners are 7-11 against CUSA opponents and 10-3 in non-conference play. UTEP is 5-4 in one-possession games. The Bearkats are 6-12 against CUSA teams. Sam Houston is fourth in the CUSA scoring 75.7 points per game and is shooting 44.8%. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. UTEP is shooting 44.1% from the field this season, 0.6 percentage points lower than the 44.7% Sam Houston allows to opponents. Sam Houston averages 8.8 made 3-pointers per game this season, 1.7 more made shots on average than the 7.1 per game UTEP gives up. TOP PERFORMERS: LAST 10 GAMES: Miners: 2-8, averaging 71.1 points, 31.1 rebounds, 12.0 assists, 8.7 steals and 2.6 blocks per game while shooting 41.4% from the field. Their opponents have averaged 75.0 points per game. Bearkats: 5-5, averaging 72.7 points, 30.2 rebounds, 11.4 assists, 5.8 steals and 3.5 blocks per game while shooting 45.3% from the field. Their opponents have averaged 73.4 points. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
Associated Press
10-03-2025
- Sport
- Associated Press
UTEP plays in CUSA Tournament against the Sam Houston
Sam Houston Bearkats (13-18, 6-12 CUSA) vs. UTEP Miners (17-14, 7-11 CUSA) Huntsville, Alabama; Tuesday, 6:30 p.m. EDT BOTTOM LINE: UTEP and Sam Houston play in the CUSA Tournament. The Miners are 7-11 against CUSA opponents and 10-3 in non-conference play. UTEP is 5-4 in one-possession games. The Bearkats are 6-12 against CUSA teams. Sam Houston is fourth in the CUSA scoring 75.7 points per game and is shooting 44.8%. UTEP is shooting 44.1% from the field this season, 0.6 percentage points lower than the 44.7% Sam Houston allows to opponents. Sam Houston averages 8.8 made 3-pointers per game this season, 1.7 more made shots on average than the 7.1 per game UTEP gives up. TOP PERFORMERS: LAST 10 GAMES: Miners: 2-8, averaging 71.1 points, 31.1 rebounds, 12.0 assists, 8.7 steals and 2.6 blocks per game while shooting 41.4% from the field. Their opponents have averaged 75.0 points per game. Bearkats: 5-5, averaging 72.7 points, 30.2 rebounds, 11.4 assists, 5.8 steals and 3.5 blocks per game while shooting 45.3% from the field. Their opponents have averaged 73.4 points.
