The index trades at about 17 times earnings, compared with an average of 65 over the past 10 years. The ratio fell to a decade low of 15 on Jan. 20. [Gold Miner ETFs Rise to Test 200-Day Average]
Gold miner ETFs include Market Vectors Gold Miners (NYSEArca: GDX) and Market Vectors Junior Gold Miners (NYSEArca: GDXJ).
“There will be a point where the multiples just converge with every other company,” Regent said in the report. “Then you will start to see potentially increased leverage in the share price versus a gold price move.” [Gold Miner ETFs May Bring in Dividend Hunters]
Market Vectors Gold Miners
