ASA Gold and Precious Metals (NYSE:ASA) Shares Gap Down – Should You Sell?

ASA Gold and Precious Metals Limited (NYSE:ASA) shares gapped down before the market opened on Monday. The stock had previously closed at $53.90, but opened at $51.92. ASA Gold and Precious Metals shares last traded at $52.6340, with a volume of 4,340 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of ASA Gold and Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Buy rating. According to MarketBeat, the stock presently has an average rating of “Buy”.

ASA Gold and Precious Metals Stock Up 0.1%

The firm has a fifty day simple moving average of $58.99 and a 200 day simple moving average of $59.14.

ASA Gold and Precious Metals Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, November 12th. Stockholders of record on Thursday, November 5th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, November 5th. This represents a dividend yield of 19.0%.

Institutional Trading of ASA Gold and Precious Metals

Institutional investors and hedge funds have recently modified their holdings of the business. GHP Investment Advisors Inc. purchased a new stake in ASA Gold and Precious Metals in the 1st quarter worth about $31,000. Trust Co. of Vermont acquired a new stake in ASA Gold and Precious Metals during the second quarter valued at $47,000. Group One Trading LLC acquired a new stake in ASA Gold and Precious Metals during the first quarter valued at $50,000. Sanctuary Advisors LLC acquired a new stake in ASA Gold and Precious Metals during the first quarter valued at $201,000. Finally, Lido Advisors LLC purchased a new position in ASA Gold and Precious Metals in the first quarter valued at about $204,000.

ASA Gold and Precious Metals Company Profile

ASA Gold and Precious Metals Limited (NYSE: ASA) is a closed-end investment company focused on the global precious-metals sector. The fund seeks long-term capital appreciation by investing primarily in companies involved in the exploration, development, and production of gold, silver, platinum-group metals, and other precious metals.

Its portfolio generally consists of publicly traded mining and metals companies, including producers, developers, and exploration companies. ASA may also invest in businesses that provide related exposure to precious-metals prices and the mining industry.