This summary was created by AI, based on 2 opinions in the last 12 months.
The BMO EQL WGT GBL BASE METAL HEG CAD ETF (ZMT-T) is an equal-weighted ETF with a diversified portfolio, including top holdings in Hudbay, Lundin, and First Quantum. It also includes some smaller-cap names, making it a well-rounded option for investors looking to gain exposure to base metals. Experts believe that base metals are a good long-term inflation hedge and have no correlation to the NASDAQ index. With inflation expected to remain over 3% in the long term, this ETF could offer a solid hedge against inflation and market volatility.
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 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
In the last year, 2 stock analysts published opinions about ZMT-T. 2 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.
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.
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.
2 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.
On 2024-04-24, BMO EQL WGT GBL BASE METAL HEG CAD ETF (ZMT-T) stock closed at a price of $64.85.
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.