ASA Gold and Precious Metals (NYSE:ASA) Sees Large Volume Increase – Still a Buy?

ASA Gold and Precious Metals Limited (NYSE:ASA) shares saw strong trading volume on Wednesday . 194,574 shares were traded during mid-day trading, an increase of 92% from the previous session’s volume of 101,274 shares.The stock last traded at $60.8350 and had previously closed at $62.48.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of ASA Gold and Precious Metals in a report on Friday, April 24th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

ASA Gold and Precious Metals Stock Performance

The company has a 50 day moving average price of $64.14 and a two-hundred day moving average price of $63.05.

ASA Gold and Precious Metals Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, May 13th. Stockholders of record on Friday, May 1st were paid a dividend of $0.04 per share. This represents a dividend yield of 13.0%. The ex-dividend date of this dividend was Friday, May 1st.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. WHI TRUST Co LLC acquired a new position in shares of ASA Gold and Precious Metals during the 4th quarter worth approximately $30,000. GHP Investment Advisors Inc. acquired a new position in shares of ASA Gold and Precious Metals during the 1st quarter worth approximately $31,000. Group One Trading LLC acquired a new position in shares of ASA Gold and Precious Metals during the 1st quarter worth approximately $50,000. Advisory Services Network LLC acquired a new position in ASA Gold and Precious Metals in the 3rd quarter valued at $55,000. Finally, Kestra Advisory Services LLC acquired a new position in ASA Gold and Precious Metals in the 4th quarter valued at $58,000.

About ASA Gold and Precious Metals

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.