Horizons Gold ETF (HUG.TO) Buy, Sell or Hold

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Horizons Gold ETF (HUG.TO)

29.56

-0.46 (1.53%)

as of Jul 31, 2026, 6:34:45 pm Market Open.

45 watching

Investor Insights

Aug 1, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

Horizons Gold ETF (HUG-T) has demonstrated a significant performance with a reported rise of 44% this year. The gold market has exhibited a pattern of consolidation followed by rallies. Recently, the ETF experienced a strong rally leading up to September and October but has entered a phase of pullback, likely entering another consolidation period. Experts have noted that the strong seasonality for gold has just concluded, prompting some to sell their holdings. They suggest that the crucial price point to watch is below $25, as this could indicate a breakdown, with a possibility of re-evaluating the investment in December when the next seasonal period for gold begins.

Consensus

Neutral

Valuation

Fair Value

Similar

GDX

PAST TOP PICK

(A Top Pick Dec 05/24, Up 44%)

Gold's done extremely well this year. It's been moving in a pattern of consolidation, rally, consolidation, rally. Strong rally into September/October, and now a pullback. Probably consolidating. Strong seasonality for gold just ended, so he sold. Below $25 would be a breakdown. Next seasonal period is December, so he'll look at it again then.

TOP PICK

Gold got a strong bump up this year (driven by central bank buying), now pulled back a bit. Central banks are continuing to buy, but we haven't seen a lot of interest in gold from investors yet. Gold could pick up, some hot money could start to move in at some point in 2025. Gold will probably have another good year next year. Interest rates coming down would help gold move higher. Strong seasonal period from December into January/February.

Disclosure: He works for Global X (formerly Horizons).

BUY

Gold ETF and outlook? Careful because gold stock beta and gold beta are different. Better to buy gold itself, like this ETG or HUG-T which is cheaper and offers some tax saving.

PAST TOP PICK

(A Top Pick Aug 05/20, Down 16%) We have seen gold decrease. He does not hold gold at this point. It has underperformed since last August due to rising rates. On a seasonal basis there are times when gold does well and we have just passed one of them. The next one is July 12th to the beginning of October. Gold is not the place to be from a seasonal perspective.

PAST TOP PICK

(A Top Pick Oct 29/19, Up 26%) Uses futures contracts, not physical gold. Gold does well in an inflationary environment.

TOP PICK

More room to run, though we might see a pullback. Gold trades off different factors like geo-political tensions. Inflation expectations have been moving up. A good strategy is to have gold bullion as the core and an ETF for the miners. He has more bullion right now, as the market may be coming up to some volatility. No dividend.

PAST TOP PICK

(A Top Pick Aug 01/19, Up 22%) Stick with this. He's bullish gold. As balance sheets expand from central bank stimulus, gold production remains constant and fixed. So, gold assets will continue to rise. Gold responds well in deflationary times, holding its own. HUG gives you access to gold. The MER, he believes, has been slashed from 75 to 25 basis points. He'd buy even more of this.

COMMENT

XGD vs. HUG and the impact of the November election XGD is the granddaddy of gold ETF wth top holdings being Newmont, Barrick and FNV, totalling 40%. Given this weighting, he prefers HEP. HUG holds the actual gold. He doesn't know how the US election will effect gold stocks, which is why people buy gold--a reaction to uncertainty.

PAST TOP PICK

(A Top Pick Dec 06/19, Up 7%) It holds the bullion. (He works for Horizons.) Gold has done quite well, with a big rally in mid-2019 when interest rates fell. Late-December into late-January is gold's seasonality, which is happening. We could see a breakout due to strong interest in gold. We could see upside.

TOP PICK

He sees gold going up. We’re starting the seasonality now. The chart is affected by low interest rates. The seasonal period is usually driven by Chinese demand. China was a bigger consumer than India. Towards end of December, it could be a good time to take initial positions. This is a good way to play the bullion.

TOP PICK

This holds gold itself. Most portfolios don't hold gold. It provides stability in a portfolio in, say, deflation, and offers returns. You can also hold gold stocks themselves.

TOP PICK

If the inflation and growth dynamic play out, then gold commodities should do very well. Futures based. Gold commodity exposure. Once there's a shift into inflation or deflation, gold will do well. No dividend.

COMMENT

He's not a gold bug. If you believe gold is a hedge, then buy a hedge using gold companies. But he doesn't think gold is the crisis insurance that many believe. He's never held more than 5% gold in a portfolio.

PAST TOP PICK

(A Top Pick Aug 25/17. Down 1.84%.) Gold and gold stocks have 2 periods of seasonal strength. One is from the end of July until the end of September, and then it goes down, bottoms around the middle of December and then goes higher until February. This year gold and gold bullion peaked a little early, around the middle of September. The worst period to own gold and gold equities is from October through to December.

PAST TOP PICK

(A Top Pick July 31/17. Down 1%.) Tracks bullion and sold it towards the end of September. Gold does well from July 27 into Oct 9, and typically the last little bit is a little iffy, so from a seasonal perspective, it is best to get out at the end of September.

Showing 1 to 15 of 20 entries

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Horizons Gold ETF (HUG.TO) Frequently Asked Questions

What is Horizons Gold ETF stock symbol?

Horizons Gold ETF is a Canadian stock, trading under the symbol HUG.TO (previously HUG-T on Stockchase) on the Toronto Stock Exchange (HUG-CT). It is usually referred to as TSX:HUG or HUG.TO

Is Horizons Gold ETF a buy or a sell?

In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on HUG.TO (previously HUG-T on Stockchase). 1 analyst recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is PAST TOP PICK. Read the latest stock experts' ratings for Horizons Gold ETF.

Is Horizons Gold ETF a good investment or a top pick?

Horizons Gold ETF was recommended as a Top Pick by Brooke Thackray on 2025-10-28. Read the latest stock experts ratings for Horizons Gold ETF.

Why is Horizons Gold ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Horizons Gold ETF.

Is Horizons Gold ETF worth watching?

Horizons Gold ETF is followed by 45 investors on Stockchase and is a trending stock that is worth watching.

What is Horizons Gold ETF stock price?

On 2026-07-31, Horizons Gold ETF (HUG.TO) stock closed at a price of $29.56.

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Horizons Gold ETF (HUG.TO)