Update On PICK: Reiterating The Buy Recommendation

Andrew Hecht Investing Group Leader Follow Summary I reiterate my Buy recommendation on the iShares MSCI Global Metals & Mining Producers ETF, which remains in a long-term bullish trend near record highs. Industrial metals prices, especially copper, zinc, tin, and steel, have posted strong double-digit gains in 2026, driving profitability for mining companies held in PICK. PICK offers diversified exposure to leading global mining firms, with robust liquidity, a 2% yield, and a 0.39% management fee. Persistent inflation, a weaker dollar, climate initiatives, and AI-driven demand support continued bullish momentum, though risk management is essential amid potential market corrections. Looking for more investing ideas like this one? Get them exclusively at Hecht Commodity Report. Learn More » William Luque/iStock via Getty Images I last wrote about the iShares MSCI Global Metals & Mining Producers ETF ( PICK ) on Seeking Alpha on November 11, 2025 , when I concluded with the following: At over $46 per share, PICK is following the This article was written by Andrew Hecht 31.43K Followers Follow Andrew Hecht is a 35-year Wall Street veteran covering commodities and precious metals. He runs the investing group The Hecht Commodity Report, one of the most comprehensive commodities services available. It covers the market movements of 20 different commodities and provides bullish, bearish and neutral calls; directional trading recommendations, and actionable ideas for traders. Learn more. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The author always has positions in commodities markets in futures, options, ETF/ETN products, and commodity equities. These long and short positions tend to change on an intraday basis. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.