GGN
GAMCO Global Gold, Natural Resources & Income TrustGGN
GGN
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.
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
92% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 12
72% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 25
9% more funds holding
Funds holding: 121 [Q2] → 132 (+11) [Q3]
1.09% less ownership
Funds ownership: 10.7% [Q2] → 9.61% (-1.09%) [Q3]
6% less capital invested
Capital invested by funds: $66.6M [Q2] → $62.6M (-$4.01M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for GGN.
Financial journalist opinion
Neutral
Seeking Alpha
7 hours ago
GGN: Sometimes Markets Give Buying Opportunities
GAMCO Global Gold, Natural Resources & Income Trust's price drop presents a buying opportunity, driven by end-of-year market volatility and strategic management decisions. The fund's strategy involves holding energy and mining stocks while selling short calls to generate cash for dividends, with recent changes in holdings reflecting this approach. Key fundamentals include gold and crude oil prices, with gold expected to rise due to lower Fed rates and geopolitical unrest, while oil's future remains uncertain.
Positive
Seeking Alpha
1 month ago
5 Best CEFs This Month For 9.5% Yield (October 2024)
For income investors, closed-end funds, or CEFs, remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. CEFs are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer “excess” discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.
Positive
Seeking Alpha
2 months ago
GGN: Still Has Some Room To Run
GAMCO Global Gold, Natural Resources & Income Trust offers growth potential with a portfolio focused on energy and mining stocks, benefiting from rising gold and oil prices. The fund's quarterly report shows a strong position in energy (33.5%) and mining/gold (55%), despite minor losses in key holdings like Barrick Gold and Newmont Corp. Oil prices are expected to rise due to falling global inventories and OPEC+ production cuts, while gold prices may surge to $2,700-$3,000 driven by lower interest rates.
Positive
Forbes
3 months ago
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.
Neutral
GlobeNewsWire
4 months ago
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.
Positive
Seeking Alpha
5 months ago
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.
Neutral
GlobeNewsWire
7 months ago
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.
Positive
24/7 Wall Street
7 months ago
Want $1,200 per Month in Passive Income? Invest in These Stocks
$178.25 Dynamic Income Opportunities Fund (NYSE:PDO) 14.21% $177.63 Apollo Senior Floating Rate Fund Inc.
Positive
Seeking Alpha
8 months ago
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.
Neutral
GlobeNewsWire
10 months ago
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.
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