ASA Gold and Precious Metals (NYSE:ASA) Shares Gap Up – What’s Next?

ASA Gold and Precious Metals Limited (NYSE:ASAGet Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $63.73, but opened at $67.25. ASA Gold and Precious Metals shares last traded at $65.1330, with a volume of 18,024 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of ASA Gold and Precious Metals in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Check Out Our Latest Stock Analysis on ASA

ASA Gold and Precious Metals Price Performance

The company has a 50-day moving average price of $55.73 and a two-hundred day moving average price of $61.64.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. WHI TRUST Co LLC bought a new stake in shares of ASA Gold and Precious Metals during the fourth quarter valued at about $30,000. GHP Investment Advisors Inc. bought a new position in shares of ASA Gold and Precious Metals in the first quarter valued at approximately $31,000. Trust Co. of Vermont bought a new position in shares of ASA Gold and Precious Metals in the second quarter valued at approximately $47,000. Group One Trading LLC purchased a new position in ASA Gold and Precious Metals during the first quarter valued at approximately $50,000. Finally, Advisory Services Network LLC purchased a new position in ASA Gold and Precious Metals during the third quarter valued at approximately $55,000.

About ASA Gold and Precious Metals

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ASA Gold & Precious Metals Limited, trading on the New York Stock Exchange under the ticker ASA, is a closed-end investment company dedicated to providing shareholders with targeted exposure to the precious metals sector. Established in 1959 and domiciled in Guernsey, the company aims to combine dividend income with the potential for long-term capital appreciation by investing in a diversified suite of gold, silver, platinum and palladium assets.

The firm’s core activities involve constructing and managing a portfolio that blends equity positions in precious metals mining companies with direct holdings of physical bullion.

Further Reading

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