Analyst Adjusts Coeur Mining Price Target

Is First Trust Materials AlphaDEX ETF (FXZ) a Strong ETF Right Now?

FXZ is a smart beta ETF launched in 2007 that tracks the StrataQuant Materials Index with $371.33 million in assets. The fund has gained 20.02% year-to-date and 28.88% over the past year, with an expense ratio of 0.64% and a 1.34% dividend yield. It holds approximately 40 stocks with heavy exposure to the Materials sector (85.9%), with top holdings including Newmont Corporation, Anglogold Ashanti, and Coeur Mining. The fund carries medium risk with a beta of 1.07 and is presented as a reasonable option for investors seeking to outperform the Materials ETF segment.

Copper Hunters in British Columbia Are Letting Electrical Currents Pick Their Drill Targets

British Columbia copper explorers are increasingly using induced polarization (IP) surveys to identify disseminated sulphides before committing to drill programs. GoldHaven Resources' IP survey at Three Guardsmen detected a 50+ metre horizon on strike with high-grade copper samples up to 15.85%. Other companies like Trekor Metals, Coeur Mining, and Kodiak Copper are also advancing copper projects through geophysical targeting and drilling, capitalizing on record copper prices.

Shares of precious metals-related companies are trading lower after stronger-than-expected inflation data boosted expectations for a Federal Reserve rate hike in October. Gold and silver prices are declining amid a stronger U.S. dollar and rising Treasury yields, which make non-yielding precious metals less attractive to investors.