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BMO EQL WGT GBL BASE METAL HEG CAD ETF (ZMT-T)
TSE:ZMT
72.77
0.57
(0.79%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 4 opinions in the last 12 months.
Experts have varying opinions on the BMO EQL WGT GBL BASE METAL HEG CAD ETF, with some recommending to buy on dips while others caution about potential underperformance in case of a hard landing. The ETF is described as broad, offering a mix of base metals, and has shown a notable breakout with positive money flows. There is also a consensus on the potential rise of hard assets in comparison to financial assets. However, there are concerns about the sustainability of demand for base metals given their cyclical nature. Overall, the ETF is seen as a long-term investment that may experience short-term fluctuations.
$67.460
Owned
It has a good mix of base metals and has been consolidating. He has owned for a while and it is good for the longer term. Hard assets should have their moment of glory compared to financial assets which have been enjoying their moment of glory. He thinks there is a rotation to commodities in the coming years.
Breakout has been great, can't argue with it. Pretty much a textbook pullback to the neckline. Bells are whistling, money flows are working, not too overbought. Likes metals overall.
Time sensitive question - depends on investor time horizon. In the short run, commodities are up. However, cyclical business - not sure how long demand can be sustained. Would recommend as a small portion of investor portfolio.
Base metals ETF?
An equal-weighted ETF including Hudbay, Lundin and First Quantum as the top holdings or 20% of the portfolio. Diversified and includes some smaller-cap names.
Inflation is coming down and will some more. But the fantasy of 2% inflation is unlikely, as long-term inflation is over 3%. Over a larger cycle, base metals are good for a long-term inflation hedge. As well, if you believe the NASDAQ is heading for its day of reckoning, this has no correlation to that index.
Excellent technical trends right now.
Going upwards, so why not buy more.
Will be a short term watch.
Thinks there is a play in steel, although this is no longer early. Would play the steel play through ZMT. Stelco is a good name here although it has already had a good run. 10% range correction is possible. Use the past corrections as a guideline for entry.
BMO EQL WGT GBL BASE METAL HEG CAD ETF(ZMT-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 3
BMO EQL WGT GBL BASE METAL HEG CAD ETF(ZMT-T) Frequently Asked Questions
What is BMO EQL WGT GBL BASE METAL HEG CAD ETF stock symbol?
BMO EQL WGT GBL BASE METAL HEG CAD ETF is a Canadian stock, trading under the symbol ZMT-T on the Toronto Stock Exchange (ZMT-CT). It is usually referred to as TSX:ZMT or ZMT-T
Is BMO EQL WGT GBL BASE METAL HEG CAD ETF a buy or a sell?
In the last year, 3 stock analysts published opinions about ZMT-T. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BMO EQL WGT GBL BASE METAL HEG CAD ETF.
Is BMO EQL WGT GBL BASE METAL HEG CAD ETF a good investment or a top pick?
BMO EQL WGT GBL BASE METAL HEG CAD ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for BMO EQL WGT GBL BASE METAL HEG CAD ETF.
Why is BMO EQL WGT GBL BASE METAL HEG CAD ETF stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is BMO EQL WGT GBL BASE METAL HEG CAD ETF worth watching?
3 stock analysts on Stockchase covered BMO EQL WGT GBL BASE METAL HEG CAD ETF In the last year. It is a trending stock that is worth watching.
What is BMO EQL WGT GBL BASE METAL HEG CAD ETF stock price?
On 2024-11-20, BMO EQL WGT GBL BASE METAL HEG CAD ETF (ZMT-T) stock closed at a price of $72.77.
He trades it when it gets expensive or fully valued. Recently, he's been trimming exposure; if we hit a hard landing, base metals will underperform. He would buy on dips. This ETF is broad, giving you a bit of everything.