Latest news for VanEck Merk Gold Trust (ARCA:OUNZ)

The investment seeks to provide investors with an opportunity to invest in gold through the shares and be able to take delivery of physical gold in exchange for those shares.

VanEck Merk Gold Trust

Analyst Color

Mid Cap

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Commodities

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General

GOLD

OUNZ

Gold prices have been on a rollercoaster ride since last week, with investors selling off their gold holdings in the wake of the abating fears over the U.S. banking crisis.

Prices of the precious metal soared past the $2,000 level earlier this week, but fell 1.92% to $1,944 on Tuesday.

Here&#39;s A Gold Rally Sympathy Play With 32% Upside Potential: Analyst

Specialty ETFs

ETFs

Market Vectors ETF Trust Market Vectors Gold Miners

GDXJ

Gold bugs who were in front of their screens on Sunday night witnessed history for the second week in a row.

Gold Just Hit An All-Time (Nominal) High—How To Play The Trade With ETFs

Long Ideas

GOAU

Precious metals, namely gold and silver, are in the midst of epic rallies. On Monday, silver exchange-traded funds extended what are becoming meteoric rises while gold hit an all-time high.

3 Unheralded Gold ETFs That Are On Fire

Trustmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMK#NASDAQ">TRMK</a>) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.62 by 6.45 percent. This is a 1.49 percent decrease over earnings of $0.67 per share from the same period last year.

Earnings

Earnings Beats

TRMK

Trustmark Q2 2024 Adj EPS $0.66 Beats $0.62 Estimate

Apollo Global Management&nbsp;is acquiring U.S. Silica Holdings in a deal expected to close soon pending final closing conditions.&nbsp;

SLCA

SNDR

Schneider National To Replace U.S. Silica Holdings In S&P SmallCap 600, Effective Prior To Opening Of Trading On July 31

JD Sports Fashion Plc (XLON: JD) is acquiring Hibbett in a deal expected to close soon pending final closing conditions.&nbsp;

HIBB

QDEL

QuidelOrtho To Replace Hibbett In S&P SmallCap 600, Effective Prior To Opening Of Trading On July 26

AVTR

Avantor To Replace QuidelOrtho In The S&P MidCap 400, Effective Prior To Opening Of Trading On July 26

First Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCF#NYSE">FCF</a>) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.35 by 2.86 percent. This is a 14.29 percent decrease over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $120.508 million which beat the analyst consensus estimate of $118.431 million by 1.75 percent. This is a 1.75 percent decrease over sales of $122.652 million the same period last year.

First Commonwealth Q2 2024 Adj EPS $0.36 Beats $0.35 Estimate, Sales $120.508M Beat $118.431M Estimate

Bank of America analysts have expressed optimism about the cruise line industry ahead of upcoming earnings reports, forecasting <a href="https://www.benzinga.com/topic/cruise-lines">potential stock price increases.</a>
The analysts highlighted that U.S. airlines are facing pricing challenges due to overcapacity and demand concerns, as noted by Ryanair in their latest earnings report.
&#8220;We view cruise as more insulated from the airline trends given longer booking curves (9+ months vs 3 months)&nbsp;and&nbsp;different supply dynamics,&#8221; Andrew G. Didora, CFA, wrote in a note published Tuesday. 
The expert sees minimal risk to near-term earnings and expects cruise companies to continue reporting strong fundamentals this earnings season, similar to Carnival Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) recent solid results and raised guidance at the end of June.
<h3 class="wp-block-heading">Bank of America Raised Royal Caribbean, Norwegian Cruise Price Targets</h3>
Royal Caribbean Cruise Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) is set to announce its Q2 2024 earnings this Thursday, July 25.
&#8220;We believe our current&nbsp;RCL&nbsp;estimates are reasonable ahead of results,&#8221; Didora said. Bank of America estimates a net yield of +11.0% in Q2 2024, slightly above the high end of guidance at +10-10.5%.
Given the strong trends anticipated in the cruise sector, Bank of America has raised the price objective for Royal Caribbean Cruise Ltd. to $172, while maintaining a Neutral rating.
Norwegian Cruise Line Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) hosted an investor day at the end of May, and Bank of America anticipates similar messaging in the July 31 earnings call: focusing on deleveraging, keeping unit costs below inflation, and achieving mid-single digit net yield growth. 
Bank of America&#8217;s full-year 2024 estimated EBITDA is $2.3 billion (aligning with the Street and slightly above the guidance of $2.25 billion), with their Q2 2024 EPS estimate slightly ahead of guidance at 33 cents compared to the guidance of 32 cents (Street 34 cents).
For Q3 2024, they forecast net yields of +5.9% versus the Street&#8217;s +5%, with EPS of 94 cents compared to the Street&#8217;s 90 cents.
Bank of America has raised the price objective to $23 as they increase their target multiple, reflecting the continued strong industry trends, while maintaining a Neutral rating.
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</ul>
Photo: Shutterstock

Large Cap

Travel

Econ #s

NCLH

Bank Of America Raises Projections For Cruise Line Stocks: 'More Insulated From The Airline Trends'

Call of Duty: Modern Warfare 3 is reportedly making its debut on <a href="https://www.benzinga.com/topic/xbox-game-pass">Xbox Game Pass this week</a>.
Insider Gaming&#8217;s Tom Henderson is <a href="https://insider-gaming.com/modern-warfare-3-xbox-game-pass-july-24/">citing</a> sources claiming that the game will be available on the subscription service on July 24.
This development follows earlier rumors from Windows Central&#8217;s Jez Corden, who hinted at the game&#8217;s arrival on Game Pass in July.
See Also: <a href="https://www.benzinga.com/general/gaming/24/07/39805048/black-ops-6-first-multi-platform-beta-in-franchise-history-all-you-need-to-know">Black Ops 6: First Multi-Platform Beta In Franchise History — All You Need To Know</a>
The upcoming release marks a significant moment for Microsoft Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Game Pass, as it will be the first Call of Duty title to launch on the platform. While Call of Duty: Black Ops 6 was speculated to be the initial offering, Modern Warfare 3 has taken the spotlight.
Modern Warfare 3, the latest installment in Activision&#8217;s renowned first-person shooter series, is a reboot of the beloved sub-series. It continues the franchise&#8217;s tradition of delivering high-octane, multiplayer action.
<h3 class="wp-block-heading">Price Hikes For Xbox Game Pass</h3>
The timing of Modern Warfare 3&#8217;s Game Pass release coincides with recent announcements from Xbox regarding <a href="https://www.benzinga.com/general/gaming/24/07/39857656/ftc-criticizes-microsoft-over-xbox-game-pass-price-increase-and-degraded-standard-tier">price increases for the subscription service. </a>
The Ultimate tier will see a $3 increase in its monthly fee. The Game Pass Console tier will be replaced by Xbox Game Pass Standard, costing subscribers $14.99 per month.
<h3 class="wp-block-heading">Impact Of Modern Warfare 3&#8217;s Game Pass Debut</h3>
The addition of Modern Warfare 3 to Game Pass is likely to bolster the service&#8217;s appeal, especially amid the recent price hikes. 
Game Pass has been a cornerstone of Xbox&#8217;s strategy. It offers a vast library of games for a monthly fee, and the inclusion of high-profile titles like Call of Duty is a significant draw for subscribers.
Read Next:
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<li><a href="https://www.benzinga.com/general/gaming/24/07/39888849/microsoft-responds-to-ftcs-criticism-about-xbox-game-pass-asserting-it-is-wrong-to-call-this-a-deg">Microsoft Responds To FTC&#8217;s Criticism About Xbox Game Pass, Asserting &#8216;It Is Wrong To Call This A Degraded Version&#8217;</a></li>
</ul>

Gaming

MSFT

Call Of Duty: Modern Warfare 3 Hits Game Pass As Xbox Price Hikes —Report

First Western Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYFW#NASDAQ">MYFW</a>) reported quarterly earnings of $0.11 per share which missed the analyst consensus estimate of $0.32 by 65.63 percent. This is a 31.25 percent decrease over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $22.750 million which missed the analyst consensus estimate of $24.200 million by 5.99 percent. This is a 1.58 percent increase over sales of $22.397 million the same period last year.

Earnings Misses

MYFW

First Western Financial Q2 2024 GAAP EPS $0.11 Misses $0.32 Estimate, Sales $22.750M Miss $24.200M Estimate

Macquarie analyst Tim Nollen maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Outperform and raises the price target from $345 to $395.

Analyst Ratings

SPOT

Macquarie Maintains Outperform on Spotify Technology, Raises Price Target to $395

A movie about a U.S. Senator was one of the most watched films on streaming platform Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) over the past week. The renewed interest is related to the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
What Happened: Former President Donald Trump selected Senator J.D. Vance (R-Ohio) as<a href="https://www.benzinga.com/general/politics/24/07/39780777/trump-picks-senator-j-d-vance-as-running-mate-musk-says-great-choice-for-vp"> his running mate</a> in the 2024 election.
Prior to being a member of the Senate, Vance was a venture capitalist and gained national fame as the author of the bestselling memoir "Hillbilly Elegy."
Also Read: <a href="https://www.benzinga.com/markets/cannabis/24/07/39912303/kamala-harris-prospective-vp-picks-all-seem-to-support-cannabis-legalization-5-names-in-the-mix" target="_blank" rel="noreferrer noopener">Harris' Prospective VP Picks All Seem To Support Cannabis Legalization – 6 Names In The Mix</a>
The 2016 memoir was turned into a movie that Netflix had the distribution rights to and now streams on their platform.
Vance's book, as well as the film adaptation, tells the story of his upbringing in rural Kentucky and later in blue-collar Ohio.
"From a former marine and Yale Law School graduate, a powerful account of growing up in a poor Rust Belt town that offers a broader, probing look at the struggles of America's white working class," a description of the book reads.
Since Vance was announced as Trump's vice-presidential pick, the movie saw strong interest from Netflix subscribers.
The streaming platform <a href="https://www.netflix.com/tudum/top10">announced </a>its top 10 most-viewed titles Tuesday and "Hillbilly Elegy" ranked eighth for the week of July 15 through July 21 among English-language films.
See Also: <a href="https://www.benzinga.com/government/24/07/39918749/kamala-harris-vs-trump-views-on-nearly-every-industry-evs-oil-gas-health-care-are-worlds-apart">Harris Vs. Trump: Views On Nearly Every Industry — EVs, Oil &amp; Gas, Health Care — Are Worlds Apart</a>
Ranking in the top 10 for the first time since Netflix began publishing its weekly list, the film had 9.4 million hours viewed and 4.8 million views.
The movie adaptation of the book starred&nbsp;Glenn Close, Amy Adams&nbsp;and&nbsp;Gabriel Basso, who portrayed Vance. Close was nominated for an Academy Award for Supporting Actress. The film also received an Academy Award nomination for Best Makeup &amp; Hairstyling.
Netflix could benefit from having the rights to the film, as searches on Google have soared for "Hillbilly Elegy."
Google Trends <a href="https://trends.google.com/trends/explore?date=today%201-m&amp;geo=US&amp;q=hillbilly%20elegy&amp;hl=en">shows </a>that the top states searching for the movie/book were Kentucky, West Virginia, Tennessee, Alabama and South Carolina.
The top breakout search terms based on "Hillbilly Elegy," listed below, also play well in Netflix's favor.
<ul>
<li>JD Vance movie</li>
<li>JD Vance wife</li>
<li>Where to watch Hillbilly Elegy</li>
<li>What is Hillbilly Elegy about</li>
<li>Is Hillbilly Elegy true</li>
</ul>
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39799850/5-things-you-might-not-know-about-j-d-vance-hillbilly-elegy-author-bitcoin-holder-first-mi">5 Things You Might Not Know About J.D. Vance: &#8216;Hillbilly Elegy&#8217; Author, Bitcoin Holder, First Millennial VP Pick And More</a>
Why It's Important: Netflix isn't the only one gaining from the surge in interest for the book. The book, which is called "A Memoir of a Family and Culture in Crisis," is also performing well for e-commerce giant Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
The paperback version of the book is currently <a href="https://www.amazon.com/Hillbilly-Elegy-Memoir-Family-Culture/dp/0062300555/ref=sr_1_1?crid=39X2KHVWYDRTE&amp;dib=eyJ2IjoiMSJ9.g-_jYUvIVGPLSLf6vZC8jM7UJBkdh51YUAHBxQei0XQzPuNTzEqlICvGSAzqFklVOwhBrUDoC5MMLyx3vzvAKcMpZWo_9uWnNcSzJg771s_zKNiMo-P1LZtDN_E8ykP4mRYLWiV0Ibhc4IoqiY7AAUAeC3C8jMAG-fbbOHCJlRh-fv-117ghRSA7QRrjdCCUzdjFAddgKW1RfO4jqarWh9PujhZTK-Qjs8XdqcpHGVM.UGu-7uCbr35kLPDL2-ww46ej3q3QgzsiT0fchRS7X28&amp;dib_tag=se&amp;keywords=hillbilly+elegy&amp;qid=1721761371&amp;sprefix=hillbilly+elegy%2Caps%2C128&amp;sr=8-1">ranked </a>number one in the Books category with the hardcover version of the book ranking number three in the category.
While it's common for older books to surge in interest and sales volume on a platform like Amazon when a movie or TV series is released on the content, this comes four years after the movie was released.
With the 2024 election four months away and the potential that Vance is on the winning side of the race, the book and movie could continue to see strong interest.
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</ul>

Entertainment

Politics

AMZN

NFLX

J.D. Vance Movie 'Hillbilly Elegy' Cracks Netflix Top 10 After Senator Picked As Trump's 2024 Election Running Mate

Veritex Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBTX#NASDAQ">VBTX</a>) reported quarterly earnings of $0.52 per share which missed the analyst consensus estimate of $0.53 by 1.89 percent. This is a 18.75 percent decrease over earnings of $0.64 per share from the same period last year. The company reported quarterly sales of $106.814 million which missed the analyst consensus estimate of $108.392 million by 1.46 percent. This is a 6.73 percent decrease over sales of $114.523 million the same period last year.

VBTX

Veritex Holdings Q2 2024 Adj EPS $0.52 Misses $0.53 Estimate, Sales $106.814M Miss $108.392M Estimate

The Company has appointed&nbsp;James Alvey as its Chief Accounting Officer upon Johnson&#39;s departure.

Management

ATKR

Atkore Appoints John Deitzer As Its VP And CFO; David Johnson Submits Resignation As VP, CFO And Chief Accounting Officer, Effective August 9, 2024

Mattel, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) reported its second-quarter financial results Tuesday. Here's a look at the<a href="https://www.benzinga.com/pressreleases/24/07/b39917254/mattel-reports-second-quarter-2024-financial-results"> details from the report. </a>
The Details: Mattel reported quarterly earnings of 19 cents per share, which beat the analyst consensus estimate of 17 cents by 11.76%. Quarterly sales came in at $1.08 billion which missed the analyst consensus estimate of $1.10 billion by 1.59% and represents a 0.64% decrease from the same period last year.
Mattel reported adjusted gross margin increased to 49.2%, primarily driven by savings from the Optimizing for Profitable Growth program, cost deflation, lower sales adjustments and lower inventory management costs.
Read Also: <a href="https://www.benzinga.com/news/24/07/39891006/sunpower-stock-attempts-to-bounce-back-whats-going-on">SunPower Stock Attempts To Bounce Back: What&#8217;s Going On?</a>
Worldwide gross billings for Dolls were $414 million, down 6% as reported, or 5% in constant currency, versus the prior year&#8217;s second quarter, primarily due to declines in Barbie, Disney Princess and Frozen.
Worldwide gross billings for Infant, Toddler and Preschool were $190 million, down 4%, primarily due to declines in Preschool Entertainment and Baby Gear &amp; Power Wheels, partially offset by growth in Fisher-Price.
Worldwide gross billings for Vehicles were $370 million, up 2%, primarily driven by growth in Hot Wheels.
Worldwide gross billings for Action Figures, Building Sets, Games, and Other were $227 million, up 1%, primarily driven by growth in Games, partially offset by declines in Action Figures.
&#8220;This was a good quarter for Mattel, where we achieved significant gross margin expansion, and growth in Adjusted EBITDA and Adjusted EPS. We further strengthened our balance sheet and more than doubled free cash flow in the trailing 12-month period. Mattel is well positioned for the second half, with new product innovation and increased retail support. We are in a strong financial position to execute our strategy to grow our IP-driven toy business and expand our entertainment offering,&#8221; said Ynon Kreiz, CEO of Mattel.
Outlook:  Mattel reiterated its full-year 2024 guidance of $5.441 billion in net sales and adjusted gross margin between 48.5% and 49%.
MAT Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Mattel shares are up 1.39% after-hours at $17.48 at the time of publication after falling 7.71% during regular trading Tuesday.
Read Next:&nbsp;
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</ul>
Image: Gerd Altmann from Pixabay

After-Hours Center

Movers

Mattel Reports Mixed Q2 Results: EPS Beat, Sales Miss

Offerings

LLAP

Terran Orbital Plans Launch Of An At-The-Market Offering Program For Up To $98M Of New Capital

Telsey Advisory Group analyst Joe Feldman maintains Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) with a Market Perform and maintains $27.25 price target.

Telsey Advisory Group Maintains Market Perform on Albertsons Companies, Maintains $27.25 Price Target

In the latest quarter, 35 analysts provided ratings for Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">12</td>
<td style="text-align: right;">20</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">12</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $73.34, a high estimate of $86.00, and a low estimate of $64.00. Marking an increase of 8.67%, the current average surpasses the previous average price target of $67.49. 
<img src="https://www.benzinga.com/files/images/story/2024/1721768447_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Walmart. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ivan Feinseth</td>
<td>Tigress Financial</td>
<td>Raises</td>
<td>Buy</td>
<td>$86.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Bradley Thomas</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$82.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$74.00</td>
<td>$73.00</td>
</tr>
<tr>
<td>Peter Keith</td>
<td>Piper Sandler</td>
<td>Announces</td>
<td>Overweight</td>
<td>$81.00</td>
<td>-</td>
</tr>
<tr>
<td>Mark Astrachan</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$71.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Krisztina Katai</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$77.00</td>
<td>$71.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$73.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Daniela Bretthauer</td>
<td>HSBC</td>
<td>Raises</td>
<td>Buy</td>
<td>$81.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Corey Tarlowe</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$77.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Christopher Horvers</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$81.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$75.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Rupesh Parikh</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$75.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$72.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Seth Sigman</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$66.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$67.00</td>
</tr>
<tr>
<td>Paul Lejuez</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$75.00</td>
<td>$63.33</td>
</tr>
<tr>
<td>Bobby Griffin</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Simeon Gutman</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$70.00</td>
<td>$67.00</td>
</tr>
<tr>
<td>Oliver Chen</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$75.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Steven Shemesh</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Corey Tarlowe</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$75.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Kate McShane</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$73.00</td>
<td>$64.33</td>
</tr>
<tr>
<td>Michael Baker</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$75.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Kelly Bania</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$75.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$67.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Mark Astrachan</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$69.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$64.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Robert Ohmes</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$75.00</td>
<td>$67.00</td>
</tr>
<tr>
<td>Peter Benedict</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Bill Kirk</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$71.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Bradley Thomas</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$75.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$67.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$68.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Michael Lasser</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$69.00</td>
<td>$63.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Walmart. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Walmart compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Walmart's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Walmart's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/WMT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Walmart analyst ratings.</a>
<h2>About Walmart</h2>
Walmart serves as the preeminent retailer in the United States, with its strategy predicated on superior operating efficiency and offering the lowest priced goods to consumers to drive robust store traffic and product turnover. Walmart augmented its low-price business strategy by offering a convenient one-stop shopping destination with the opening of its first supercenter in 1988.Today, Walmart operates over 4,600 stores in the United States (5,200 including Sam's Club) and over 10,000 stores globally. Walmart generated over $440 billion in domestic namesake sales in fiscal 2024, with Sam's Club contributing another $86 billion to the firm's top line. Internationally, Walmart generated $115 billion in sales. The retailer serves around 240 million customers globally each week.
<h3>Financial Insights: Walmart</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Walmart's remarkable performance in 3 months is evident. As of 30 April, 2024, the company achieved an impressive revenue growth rate of 6.05%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Staples sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 3.16%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Walmart's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 6.18%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Walmart's ROA stands out, surpassing industry averages. With an impressive ROA of 2.02%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.79, Walmart adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Scoreboard: 35 Ratings For Walmart

5 analysts have expressed a variety of opinions on Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Genuine Parts, presenting an average target of $158.8, a high estimate of $165.00, and a low estimate of $150.00. This current average represents a 4.68% decrease from the previous average price target of $166.60. 
<img src="https://www.benzinga.com/files/images/story/2024/1721768433_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A comprehensive examination of how financial experts perceive Genuine Parts is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$164.00</td>
<td>$183.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$155.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Michael Lasser</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$150.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$160.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$165.00</td>
<td>$160.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Genuine Parts. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Genuine Parts compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Genuine Parts's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into Genuine Parts's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/GPC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Genuine Parts analyst ratings.</a>
<h2>Get to Know Genuine Parts Better</h2>
Genuine Parts sells aftermarket automotive parts (about 60% of sales) and industrial products (40% of sales) in the United States and internationally. The automotive segment primarily acts as a distributor to its network of 9,800 global retail locations of which about two thirds are independently owned and operated. we estimate Genuine serves around 6,000 retail locations in the US operating under the Napa Auto Parts brand, with about 80% of sales derived from professional customers. Its industrial segment, primarily operating under the Motion banner in the United States, serves as a leading distributor of bearings, power transmission, and other industrial products to over 200,000 maintenance, repair, and original equipment manufacturer clients.
<h3>Financial Milestones: Genuine Parts's Journey</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Over the 3 months period, Genuine Parts showcased positive performance, achieving a revenue growth rate of 0.32% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Genuine Parts's net margin is impressive, surpassing industry averages. With a net margin of 4.3%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Genuine Parts's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.65%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Genuine Parts's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.37%, the company showcases efficient use of assets and strong financial health.
Debt Management: Genuine Parts's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.12, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 5 Analyst Evaluations For Genuine Parts

O'Reilly Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) has outperformed the market over the past 15 years by 11.96% on an annualized basis producing an average annual return of 24.22%. Currently, O'Reilly Automotive has a market capitalization of $61.78 billion. 
Buying $1000 In ORLY: If an investor had bought $1000 of ORLY stock 15 years ago, it would be worth $25,679.56 today based on a price of $1049.01 for ORLY at the time of writing.
<h3>O'Reilly Automotive's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721768428_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ORLY

Here's How Much You Would Have Made Owning O'Reilly Automotive Stock In The Last 15 Years

Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) has outperformed the market over the past 5 years by 6.6% on an annualized basis producing an average annual return of 19.53%. Currently, Micron Technology has a market capitalization of $127.21 billion. 
Buying $100 In MU: If an investor had bought $100 of MU stock 5 years ago, it would be worth $240.58 today based on a price of $114.72 for MU at the time of writing.
<h3>Micron Technology's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721768423_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Micron Technology 5 Years Ago Would Be Worth This Much Today

Guidance

ROIC

Retail Opportunity Investments Tightens FY24 FFO Per Share Forecast From $1.03 - $1.09 To $1.04 - $1.07, Est $1.05

Gold prices pop to record high as banks bet on two U.S. rate cuts

Gold settles at all-time highs; Citi sees potential for continued gains to $3,000

Gold Hits Record High Of $2465/Oz Despite Positive U.S. Retail Sales Data

Gold posts second-highest close as U.S. rate cut hopes rise, Treasury yields fall

What a Trump presidency could mean for commodities? JPM says gold stands out as winner

Gold tumbles on profit-taking after record highs earlier this week

Why The Rally In Gold Prices May Have More Room To Run

Safe Havens Gain Favor Amid Geopolitical Tensions And U.S. Election Uncertainty, Gold Above $2400/Oz, DXY Slips

China's Third Plenum Provides Little Support To Metals

Are There Canadian Market Opportunities Hiding In Plain Sight?

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Press Releases

Merk Investments sets August 7, 2023, to Change Pricing Index for VanEck® Merk® Gold Trust (OUNZ)

VanEck Merk Gold Trust (OUNZ) Passes $1B in Assets Under Management

Gold prices have been on a rollercoaster ride since last week, with investors selling off their gold holdings in the wake of the abating fears over the U.S. banking crisis.

Prices&nbsp;of the precious metal soared past the $2,000 level earlier this week, but fell 1.92% to $1,944 on Tuesday.

Despite market turbulence, analyst Gianni Di Poce believes that there is still upside potential for gold-exposed stocks, particularly Barrick Gold Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>).

Check out Benzinga&#39;s <a href="https://www.benzinga.com/money/are-precious-metals-a-good-investment">precious metals page</a>.

The GOLD Analyst: Di Poce, in his weekly &ldquo;Benzinga Pro Insider Report,&rdquo; said he is bullish on Barrick Gold as long as shares stay above the $16 level, and set a price target of between $24 and $26 on the stock.

Di Poce noted that Barrick brought in $11.01 billion in revenue in 2022, along with $432 million in earnings. While the valuation metrics for the company are mixed, with a high P/E of 72.50 but a more moderate Price-to-Sales of 2.79 and an EV to EBITDA of 7.77, the technical analysis for the stock is bullish.

Barrick recently broke out from a falling wedge formation and is now retesting former-resistance-turned-support, Di Poce said, creating a higher-low and implying higher prices ahead.

<img alt="golda.png" src="https://www.benzinga.com/files/u842527/golda.png" style="height:246px; width:500px" />

Barrick is focused on operating Tier One mining assets, with the ability to produce over 500,000 ounces of gold per year. If gold prices rally, it could translate to a significant increase in forward revenue.

The company also has at least 10 years of productive life remaining in its current mines. That&#39;s a crucial factor to consider when looking at mining companies since they extract a finite natural resource.

Barrick is expected to produce roughly 6.5 million ounces of gold and copper alloy equivalents into 2032. It has also significantly cleaned up its balance sheet in recent years by paying down debt and boosting its cash flow, the analyst noted.

Free quarterly cash flow is now $1.24 billion, and the company is keen on returning capital to its shareholders with a payout ratio of around 229%. While the gold market may be turbulent at present, Di Poce&rsquo;s analysis suggests that Barrick could be a solid investment choice for those seeking exposure to the precious metal.

Next:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/03/31444222/thanks-crypto-rally-marathon-digital-may-run-47-now-says-gianni-di-poce">Thanks Crypto Rally - Marathon Digital May Run 47% Now, Says Gianni Di Poce&nbsp;</a>

Here's A Gold Rally Sympathy Play With 32% Upside Potential: Analyst

Gold bugs who were in front of their screens on Sunday night witnessed history for the second week in a row.

At the 6 pm ET open on August 2, the spot price of gold rose to $2009.50 per ounce, a new all-time high on a nominal (non-inflation adjusted) basis. It was the second week in a row that gold made a new all-time high in the Sunday night session, as the same thing happened the evening of July 26.

Spot gold is up almost 36% over the previous 12 months, a stunning turnaround for an asset that drastically underperformed equities for the last decade. For those investors who stayed the course and the traders who&rsquo;ve been betting on upside, Sunday night was validation.

So why did gold just make a new all-time high? It&rsquo;s 2020&mdash;the real question is why not? The safe-haven asset has the benefit of several macro tailwinds playing out at the same time.

The EU&rsquo;s record-breaking $858 billion bailout package combined with near-zero interest rates from global central banks has signaled that monetary easing and fiscal stimulus will be more than a short-term reality. At the same time, rising tensions last week between the U.S. and China has set the stage for another geopolitical showdown, which carries with it far more unknowns than any market (or person, for that matter) should be comfortable with. And all this is to say nothing of the fact that coronavirus cases continue to rise in the U.S.

<h3>How To Play Gold Via ETFs</h3>

As gold has ascended in recent months so too have gold ETFs, as many traders and investors use them to get exposure.

According to the World Gold Council, gold-backed ETFs added $5.6 billion worth of assets in June, their seventh consecutive month of global positive flows. And based on July&rsquo;s performance, that streak could continue.

Take the two largest gold miners ETFs by assets: the VanEck Vectors&reg; Gold Miners ETF (NYSE:<a class="ticker" href="/stock/GDX#NYSE">GDX</a>, )) and the VanEck Vectors&reg; Junior Gold Miners ETF (NYSE:<a class="ticker" href="/stock/GDXJ#NYSE">GDXJ</a>, )). The pair has returned 42% and 38% respectively in 2020, as of August 3.

The chart below shows the year-to-date performance of GDX (candles) compared with GDXJ (purple line).

<img alt="capture_622.png" src="https://www.benzinga.com/files/u91860/capture_622.png" style="height:336px; width:600px" />
Source: Benzinga Pro; Data as of August 3, 2020

The strength in GDX can be attributed to names like Newmont Corporation (NYSE:<a class="ticker" href="/stock/NEM#NYSE">NEM</a>), Barrick Gold Corp (NYSE:<a class="ticker" href="/stock/GOLD#NYSE">GOLD</a>), Franco-Nevada Corp (NYSE:<a class="ticker" href="/stock/FNV#NYSE">FNV</a>), and Wheaton Precious Metals Corp (NYSE:<a class="ticker" href="/stock/WPM#NYSE">WPM</a>). Combined, the group makes up over 38% of the fund and is up an average of 60% year-to-date.

Meanwhile, the strength in GDXJ can be attributed to top holdings Gold Fields Ltd (NYSE:<a class="ticker" href="/stock/GFI#NYSE">GFI</a>) (up 98% YTD), Kinross Gold Corp (NYSE:<a class="ticker" href="/stock/KGC#NYSE">KGC</a>) (up 97%), and Yamana Gold Inc (NYSE:<a class="ticker" href="/stock/AUY#NYSE">AUY</a>) (up 64%), which combine to make up nearly 17% of the fund.

For investors interested in gold bullion, the VanEck&reg; Merk&reg; Gold Trust (NYSE:<a class="ticker" href="/stock/OUNZ#NYSE">OUNZ</a>) actually allows investors to own physical gold via their ownership of the ETF and even take delivery of the gold they own, if desired. Note that taking delivery of gold does come with a fee.

In short, market risk is very much on. And when risk is on, so is gold.

Precious metals, namely gold and silver, are in the midst of epic rallies. On Monday, silver exchange-traded funds extended what are <a href="https://www.benzinga.com/trading-ideas/long-ideas/20/07/16782287/why-these-2-risky-silver-etfs-matter-now">becoming meteoric rises</a> while gold hit an all-time high.

On volume that was nearly double the daily average, the SPDR Gold Shares (NYSE:<a class="ticker" href="/stock/GLD#NYSE">GLD</a>), the world&#39;s largest bullion-backed ETF, jumped 2%. The VanEck Vectors Gold Miners ETF (NYSE:<a class="ticker" href="/stock/GDX#NYSE">GDX</a>) joined the party, too, gaining almost 5% on above-average turnover, extending its year-to-date gain to roughly 50%.

Indeed, these are exciting times for gold ETFs, an arena largely dominated by GLD and GDX. However, there are some <a href="https://www.benzinga.com/trading-ideas/long-ideas/20/06/16327874/catalysts-abound-for-exciting-gold-miners-etf">other options for investors</a> to consider here. Let&#39;s have a look at a few here.

GraniteShares Gold Trust (BAR)

In the U.S., the market for physically-backed gold ETFs is mostly dominated by the aforementioned GLD, but there are some admirable competitors. One of those is the GraniteShares Gold Trust (NYSE:<a class="ticker" href="/stock/BAR#NYSE">BAR</a>).

GLD is a fine choice for active traders that need tight spread, deep liquidity and a robust options market. For longer-term investors looking for cost savings, BAR and a couple of other names are the way to go. In fact, BAR, which turns three years old next month, touched of a gold ETF fee war when it debuted in August 2017.

The fund charges 0.1749% per year, or $17.49 on a $10,000 investment, making it one of the least expensive funds in this category. That&#39;s meaningful as highlighted by <a href="https://graniteshares.com/institutional/us/en-us/etfs/bar">BAR&#39;s $1.1 billion in</a> assets under management. More importantly, the fund is up 27.73% year-to-date and hit an all-time high yesterday.

U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU)

Much GLD looming large in the gold-backed ETF arena, the aforementioned GDX does the same among miners funds, but the U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE:<a class="ticker" href="/stock/GOAU#NYSE">GOAU</a>) is a credible idea to consider.

GOAU, which hit an all-time high Monday, devotes 30% of its weight to the three largest gold royalty companies. The remaining 70% of the ETF&#39;s weight is allocated <a href="https://www.usglobaletfs.com/news-archive/the-u-s-global-go-gold-and-precious-metal-miners-etf-goau-crosses-above-100-million-milestone/">to 25 miners scored by</a> momentum in revenue, free cash flow and high-gross margins on a per-share.

GOAU hit $100 million in assets early this month, about a month after celebrating its third birthday.

VanEck Merk Gold Trust (OUNZ)

The VanEck Merk Gold Trust (NYSE:<a class="ticker" href="/stock/OUNZ#NYSE">OUNZ</a>) recently had its fee clipped to 0.25% from 0.40%. OUNZ is one of the niftier ideas in the gold ETF space because when an investor sells shares of the ETF, he or she can take physical delivery of gold, a trait not offered by rival funds in this category.

OUNZ gained almost 2% yesterday on volume that was nearly triple the daily average on its way to a record high.

With gold and silver, particularly the latter, delivering some parabolic moves of late, it&#39;s not surprising that some exchange-traded funds are benefiting.

Moreover, it&#39;s not surprising that some of the related ETFs are making headlines as both metals reside at multi-year highs. In the case of silver, the white metal is higher by 80% off its 2020 lows.

Indeed, Tuesday brought some compelling news flow for a pair of high-flying gold and silver ETFs. Here are the funds making notable headlines.

VanEck Merck Gold Trust (OUNZ)

Long ago, critics asserted that gold ETFs defeated the purpose of bullion exposure because the funds are redeemed for cash, or fiat currency. More than six years ago, the VanEck Merck Gold Trust (NYSE:<a class="ticker" href="/stock/OUNZ#NYSE">OUNZ</a>) debuted with a unique concept: offering investors physical delivery of gold when shares of the fund are sold and it&#39;s a promise that&#39;s been made good on.

On Tuesday, VanEck announced that the $311 million OUNZ is getting a lower fee, moving from 0.40% a year to 0.25%, or $25 on a $10,000 investment.

&ldquo;Gold investing is part of VanEck&rsquo;s DNA and we&rsquo;ve long made it a point to be able to offer investors a full menu of opportunities through which they can add exposure to gold bullion and gold miner equities,&rdquo; said Brandon Rakszawski, Director of ETF Product Development with VanEck, <a href="https://www.vaneck.com/etf/commodity/ounz/overview/">in a statement</a>. &ldquo;With this fee reduction, OUNZ should be an even more attractive option for those investors seeking gold and for whom the ability to request possession of their gold is an appealing added benefit.&rdquo; 

ETFMG Prime Junior Silver Miners ETF (SILJ)

Fresh off being <a href="https://www.benzinga.com/trading-ideas/long-ideas/20/07/16701108/3-scorching-hot-silver-etfs">highlighted here yesterday</a>, the ETFMG Prime Junior Silver Miners ETF (NYSE:<a class="ticker" href="/stock/SILJ#NYSE">SILJ</a>) is now a member of the $300 million in assets under management club. More importantly, SILJ is up 39.21% in just a month.

&ldquo;The spike in it&#39;s growth is attributed to a surge in demand for commodities such as silver and gold, during this time of volatile, as well as a slow down in production, due to coronavirus outbreaks among silver miners,&rdquo; according to ETFMG. &ldquo;Precious metals have also been enjoying demand as a hedge against rising inflation expectations with the Federal Reserve writing a blank check to support market liquidity and economic growth. Gold was on pace for its sixth consecutive weekly gain on Friday.&rdquo;

Silver ETFs, including SILJ, could be poised for more upside as analysts expect spending <a href="https://www.kitco.com/news/2020-07-21/Silver-s-price-arsenal-now-includes-exposure-to-green-stimulus-BMO.html">on 5G and renewable energy</a> &mdash; end markets for industrial silver use &mdash; will benefit the metal&#39;s prices.

Sector ETFs

2 Precious Metals ETFs Making Important Headlines

 Van Eck Global and Merk Investments LLC are today announcing that Van Eck has begun to act as marketing agent for the Van Eck Merk Gold Trust (NYSE Arca:OUNZ), previously known as the Merk Gold Trust. 

OUNZ, launched by Merk President & CIO Axel Merk and his team, seeks to provide investors with a convenient and cost-efficient way to buy and hold gold through an exchange-traded fund (ETF) while also giving investors the option to take physical delivery of gold if and when desired. While other exchange-traded products provide investors with exposure to gold, OUNZ is the only that provides a patented, physical gold delivery option. 

"Van Eck has a long history of gold investing. We launched the first gold mutual fund and the first gold miners ETF in the U.S.," said Jan van Eck CEO of Van Eck Global. "Through OUNZ, investors may buy gold with the ease of an ETF, but also have the option to take delivery of their gold when they want, where they want, in the form they want. We're pleased to be teaming up with Merk Investments to offer the fund to more investors." 

OUNZ joins other gold-themed offerings in the Van Eck family of funds, including Market Vectors® Gold Miners ETF (NYSE Arca:GDX), Market Vectors® Junior Gold Miners ETF (NYSE Arca:GDXJ) and the Van Eck International Investors Gold Fund (ticker:INIVX). 

"Van Eck's long and storied history in gold investing makes them a natural partner for us as we continue to educate investors about OUNZ and the role that physical gold exposure can play in a portfolio," said Axel Merk. "Our unique approach to providing investors with the opportunity to redeem their shares for physical gold coupled with Van Eck's deep knowledge base, marketing acumen and outstanding reputation make this a very exciting partnership." 

Merk remains the sponsor of this exchange-traded product, which is being rebranded as Van Eck Merk Gold Trust. The ticker symbol for the fund, OUNZ, will remain the same. OUNZ will continue to feature an expense ratio of 0.40 percent. 


Contracts

Van Eck Global and Merk Investments Announce Marketing Agreement

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