Market Vectors Jr Gold Miners ETF is an open-end management investment company. The Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index (the Index). The Index provides exposure to a global universe of publicly traded small- and medium-capitalization companies that generate at least 50% of their revenues from gold and/or silver mining, hold real property that has the potential to produce at least 50% of Co.'s revenue. As of Dec 31 2013, the Fund's total assets were $1,262,877,514 and its investment portfolio was valued at $1,136,697,581. We show 262 historical shares outstanding datapoints in our GDXJ shares outstanding history coverage, used to compute GDXJ market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing GDXJ market cap history over the course of time is important for investors
interested in comparing GDXJ's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of GDXJ versus a peer is one thing; comparing
GDXJ market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like GDXJ can fluctuate over the course of history.
With this page we aim to empower investors researching GDXJ by allowing them to research the GDXJ market cap history. |
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Video: The Importance of Market Cap
