Oxbow Advisors LLC recently announced the acquisition of new stake in GAMCO Global Gold Natural Resources & Income Trust (NYSE:GGN). The institutional investor has increased its shareholding in the Financial company by 110.54% to 3.65 million shares with purchase of 1.91 million shares. This fresh investment now brings its stake to 2.21% valued currently at $12.54 million. In addition, Morgan Stanley Smith Barney LLC (. raised its holdings by 0.73 million to 2.41 million shares.
With over 1.24 million GAMCO Global Gold Natural Resources & Income Trust (GGN) shares trading Wednesday and a closing price of $3.62 on the day, the dollar volume was approximately $4.48 million. The shares have shown a positive weekly performance of 2.55% and its price on 07/22/20 lost nearly 0.00%. Currently, there are 165.32M common shares owned by the public.
Invesco Zacks Multi-Asset Income owns 0.27 million shares of the company’s stock, all valued at over $0.92 million.
However, the script later closed the day at $3.62, down 0.00%. The company’s stock has a 5-day price change of 2.55% and 13.48% over the past three months. GGN shares are trading -17.73% year to date (YTD), with the 12-month market performance down to -21.81% lower. It has a 12-month low price of $1.98 and touched a high of $4.65 over the same period. Currently, 1.24 million shares have been traded, compared to an average intraday trading volume of 1.28 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.34%, 5.96%, and -4.05% respectively.
Institutional ownership of GAMCO Global Gold Natural Resources & Income Trust (NYSE: GGN) shares accounts for 8.00% of the company’s 165.32M shares outstanding. Mutual fund holders own 0.16%, while other institutional holders and individual stakeholders account for 8.47% and 0.01% respectively.
It has a market capitalization of $598.45M. The stock’s trailing 12-month PE ratio is 5.48, while the earnings-per-share (ttm) stands at $0.66. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.48% over the week and 2.01% over the month.
Analysts forecast that GAMCO Global Gold Natural Resources & Income Trust (GGN) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.