Sprott Physical Gold
PHYS

$20.72

0.48%

Market Cap: $8.13B

About: Sprott Physical Gold Trust is a closed-end mutual fund trust. The company provides a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical gold bullion without the inconvenience associated with direct investment in physical gold bullion. The company invests mainly in long-term holdings of unencumbered, fully allocated, physical gold bullion and does not and will not speculate about short-term changes in gold prices.

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

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

59% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 34

23% more repeat investments, than reductions

Existing positions increased: 124 | Existing positions reduced: 101

5% more funds holding

Funds holding: 400 [Q1] → 420 (+20) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 28 [Q1] → 28 (+0) [Q2]

2% less capital invested

Capital invested by funds: $2.13B [Q1] → $2.08B (-$52.5M) [Q2]

28.22% less ownership

Funds ownership: 57.16% [Q1] → 28.94% (-28.22%) [Q2]

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Research analyst outlook

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

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Financial journalist opinion

Based on 4 articles about PHYS published over the past 30 days

Rise to $3,000 for Gold ‘Only a Matter of Time'

Gold is continuing its climb, breaching the $2,600 mark recently. It looks well on its way past $2,700.

Rise to $3,000 for Gold ‘Only a Matter of Time'

Gold Pushes Past $2,600 En Route to New Highs

Rate cut expectations continue to add fuel to gold's serendipitous rise this year as the precious metal pushes past the $2,600 mark. Gold is already up over 26% for the year, outpacing the S&P 500.

Gold Pushes Past $2,600 En Route to New Highs

Sprott Physical Gold Trust Updates Its “At-The-Market” Equity Program

TORONTO, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Gold Trust (NYSE: PHYS) (TSX: PHYS / PHYS.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical gold bullion, today announced that it has updated its at-the-market equity program to issue up to US$1 billion of units of the Trust (“Units”) in the United States and Canada.

Sprott Physical Gold Trust Updates Its “At-The-Market” Equity Program

Looming Rate Cuts Can Keep Gold Bullish

Gold rallying may have been unforeseen by some, but to the vast majority, it could still offer a bullish investment prospect especially with interest rate cuts looming. The precious metal is up over 20% for the year, surpassing the S&P 500's 19% gain.

Looming Rate Cuts Can Keep Gold Bullish

Top 3 Michael Burry Stock Picks to Watch in 2024

As the quarter winds down, investors can look at 13-F filings to determine what the best minds on Wall Street are planning for the coming months. The Securities and Exchange Commission (SEC) requires these filings whenever an individual investor or fund holds a significant enough stake in any given stock, so this is a regular filing for big players like Warren Buffett.

Top 3 Michael Burry Stock Picks to Watch in 2024

PHYS: Potential Fed Rate Cut Could Be A Huge Positive Catalyst

PHYS provides exposure to allocated gold bullion stored at the Royal Canadian Mint. Gold and PHYS have traded sideways since April, working off overbought conditions. With the Fed expected to begin cutting rates in September, I believe PHYS' consolidation is coming to an end. I reiterate my buy rating.

PHYS: Potential Fed Rate Cut Could Be A Huge Positive Catalyst

Safe Haven Demand Counteracting Gold ETF Outflows

The exit from gold-based ETFs last week was counterbalanced by safe haven demand amid heavy market volatility. When rates fall and the dollar declines, gold's rally could resume.

Safe Haven Demand Counteracting Gold ETF Outflows

Renewed Recession Fears Can Push Gold Prices Upward

While the anticipation of the first interest rate cut is building, so are recession fears. That could add another catalyst for higher gold prices as forthcoming economic data could hint at slower growth.

Renewed Recession Fears Can Push Gold Prices Upward

2 Michael Burry stocks to protect against a recession

When it comes to doing well in a recession, few names come to mind quicker than that of ‘The Big Short ' investor Michael Burry.

2 Michael Burry stocks to protect against a recession

Fresh All-Time Highs Could Be in Store for Gold

Gold has been holding steady despite a stronger-than-expected Producer Price Index. Given its resilience, some market pundits see it reaching fresh all-time highs after hitting a consolidation phase.

Fresh All-Time Highs Could Be in Store for Gold

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