ProShares UltraShort Gold (GLL)
- Previous Close
17.86 - Open
17.58 - Bid --
- Ask --
- Day's Range
17.36 - 17.66 - 52 Week Range
17.36 - 33.50 - Volume
309,839 - Avg. Volume
115,614 - Net Assets 13.31M
- NAV 17.42
- PE Ratio (TTM) --
- Yield 0.00%
- YTD Daily Total Return -33.98%
- Beta (5Y Monthly) -0.32
- Expense Ratio (net) 1.27%
The fund seeks to meet its investment objective by investing under normal market conditions in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts and forward contracts) based on the fund’s benchmark.
ProShares
Fund Family
Trading--Inverse Commodities
Fund Category
13.31M
Net Assets
2008-12-01
Inception Date
Performance Overview: GLL
View MoreTrailing returns as of 9/20/2024. Category is Trading--Inverse Commodities.
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Recent News: GLL
View MoreResearch Reports: GLL
View MoreCommodity Price Update September 2024: Mineral Resources, Iluka, and Coal Miners the Cheapest
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
RatingPrice TargetCommodity Price Update September 2024: Mineral Resources, Iluka, and Coal Miners the Cheapest
Kinross Gold is a Canada-based gold producer, producing roughly 2.2 million gold equivalent ounces in 2023. The company had about a decade of gold reserves at the end of 2023. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.
RatingPrice TargetRaising rating to BUY
Founded in 1921, Denver-based Newmont is the world's largest gold-mining company, with assets and operations in North America, South America, Australia/New Zealand, and Africa. While approximately 88% of its revenues come from gold, the company is also a major producer of copper. The company has about 21,700 employees. It is the only gold producer in the S&P 500.
RatingPrice TargetRaising target price to $10.00
KINROSS GOLD CORP has an Investment Rating of HOLD; a target price of $10.000000; an Industry Subrating of Medium; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of High; a Growth Subrating of Medium; and a Value Subrating of Medium.
RatingPrice Target