GGN

GAMCO Global Gold, Natural Resources & Income Trust
GGN

$4.33

0.46%

Market Cap: $669M

About: GAMCO Global Gold Natural Resources & Income Trust is a non-diversified closed-end management investment company. Its primary investment objective is to provide a high current income and capital appreciation as its secondary objective. To achieve its objective, the fund may invest majority of its assets in equity securities of companies principally engaged in the gold and natural resources industries. It also intends to earn income through an option strategy of writing (selling) covered call options on equity securities in its portfolio.

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Funds holding %

of 6,728 funds

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Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

50% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 28

1.56% less ownership

Funds ownership: 10.58% [Q1] → 9.02% (-1.56%) [Q2]

4% less funds holding

Funds holding: 125 [Q1] → 120 (-5) [Q2]

11% less capital invested

Capital invested by funds: $62.9M [Q1] → $56.1M (-$6.85M) [Q2]

29% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 17

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Research analyst outlook

We haven’t received any recent analyst ratings for GGN.

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Financial journalist opinion

These 15 Dividends Could Be Great In 2025

With stocks back in “climb” mode (at least for now!), it could seem like a good time to look for a hedge against the next downturn.

These 15 Dividends Could Be Great In 2025

GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share

RYE, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE American:GGN) (the “Fund”) approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.03 per share for each of October, November, and December 2024. Based on current dynamics, the Fund may make distributions in excess of the Fund's earnings. It is currently expected that distributions to common shareholders in 2024 will primarily constitute a return of capital for tax purposes.

GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share

GGN: Tracking Two Fundamentals, Crude And Precious Metals

GAMCO prices have retraced modestly, offering investors a slightly better entry price. Gold remains in bullish markets, likely to head higher. Crude oil prices are likely to head higher from limited supply and high demand.

GGN: Tracking Two Fundamentals, Crude And Precious Metals

GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share

RYE, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE American:GGN) (the “Fund”) approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.03 per share for each of July, August, and September 2024. Based on current dynamics, the Fund may make distributions in excess of the Fund's earnings. It is currently expected that distributions to common shareholders in 2024 will primarily constitute a return of capital for tax purposes.

GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share

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GGN: Perfectly Tracking Fundamentals

GAMCO Global Gold, Natural Resources & Income Trust invests in energy and natural resources and uses a short call option strategy for generating dividend cash. The fund's prices have recently broken out from a long period of consolidation and are expected to continue rising. Investors should carefully analyze the fund's fundamentals, graphs, and options before making any investment decisions.

GGN: Perfectly Tracking Fundamentals

Gamco Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share

RYE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE American:GGN) (the “Fund”) approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.03 per share for each of April, May, and June 2024. Based on current dynamics, the Fund may make distributions in excess of the Fund's earnings. It is currently expected that distributions to common shareholders in 2024 will primarily constitute a return of capital for tax purposes.

Gamco Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share

GGN: Prevailing Tailwinds Await The CEF

GAMCO Global Gold, Natural Resources & Income Trust invests in mining and energy companies and sells covered calls for income. The shift to gold may prove wise as there is an inverse relationship between the dollar strength and gold.

GGN: Prevailing Tailwinds Await The CEF

GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share

RYE, N.Y., Nov. 16, 2023 (GLOBE NEWSWIRE) -- The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE American:GGN) (the “Fund”) approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.03 per share for each of January, February, and March 2024. Based on current dynamics, the Fund may make distributions in excess of the Fund's earnings. It is currently expected that distributions to common shareholders in 2023 will primarily constitute a return of capital for tax purposes.

GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share

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