ASA Gold and Precious Metals (NYSE:ASA) Shares Gap Up – Here’s Why

ASA Gold and Precious Metals Limited (NYSE:ASA) shares gapped up before the market opened on Thursday . The stock had previously closed at $63.73, but opened at $67.25. ASA Gold and Precious Metals shares last traded at $65.1330, with a volume of 18,024 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of ASA Gold and Precious Metals in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, ASA Gold and Precious Metals has a consensus rating of “Buy”.

ASA Gold and Precious Metals Stock Performance

The firm has a 50 day simple moving average of $55.30 and a two-hundred day simple moving average of $61.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Walleye Capital LLC boosted its stake in shares of ASA Gold and Precious Metals by 1.4% in the 2nd quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company’s stock valued at $785,000 after purchasing an additional 341 shares in the last quarter. WHI TRUST Co LLC bought a new stake in shares of ASA Gold and Precious Metals during the 4th quarter valued at approximately $30,000. GHP Investment Advisors Inc. acquired a new position in ASA Gold and Precious Metals during the 1st quarter worth approximately $31,000. Osaic Holdings Inc. increased its position in ASA Gold and Precious Metals by 2.8% during the 4th quarter. Osaic Holdings Inc. now owns 18,637 shares of the investment management company’s stock worth $1,112,000 after purchasing an additional 507 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in ASA Gold and Precious Metals by 4.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,110 shares of the investment management company’s stock valued at $738,000 after purchasing an additional 681 shares during the last quarter.

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.