“Sprott U.S. Holdings Chairman Rick Rule argues that gold companies with high revenue and low debt are increasing their gold resources efficiently and should be overweighted,” according to Barron’s.
The differences between SGDM and its rivals are readily apparent. For example, SGDM’s largest holding, Franco-Nevada (NYSE: FNV), accounts for almost 19% of that ETF’s weigt, or nearly triple the weight GDX allocates to the stock.
SGDM’s second-largest holding, Randgold Resources (NYSE: GOLD), is 15.4% of that ETF, or more than triple the weight allocated to that name by GDX. Newmont Mining (NYSE: NEM), GDX’s third-largest holding with a weight of 8.4%, does not even reside in SGDM.
Sprott Gold Miners ETF
