ASA Gold and Precious Metals (NYSE:ASA) Shares Gap Down – Time to Sell?

ASA Gold and Precious Metals Limited (NYSE:ASA)’s stock price gapped down prior to trading 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.

Analyst Ratings Changes

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

ASA Gold and Precious Metals Trading Up 0.1%

The company’s 50-day simple moving average is $58.99 and its 200 day simple moving average is $59.14.

ASA Gold and Precious Metals Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, November 12th. Investors of record on Thursday, November 5th will be issued a dividend of $0.05 per share. 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 have recently bought and sold shares of the business. GHP Investment Advisors Inc. purchased a new position in ASA Gold and Precious Metals during the first quarter valued at $31,000. Group One Trading LLC purchased a new position in shares of ASA Gold and Precious Metals in the first quarter valued at approximately $50,000. Trust Co. of Vermont acquired a new position in ASA Gold and Precious Metals in the 2nd quarter valued at $47,000. Sanctuary Advisors LLC purchased a new stake in shares of ASA Gold and Precious Metals during the first quarter worth $201,000. Finally, Lido Advisors LLC purchased a new stake in shares of ASA Gold and Precious Metals during the first quarter worth $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.