ASA Gold and Precious Metals (NYSE:ASA) Hits New 12-Month High – Here’s What Happened

ASA Gold and Precious Metals Limited (NYSE:ASA)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $53.77 and last traded at $53.65, with a volume of 58382 shares. The stock had previously closed at $52.72.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of ASA Gold and Precious Metals in a research note on Monday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, ASA Gold and Precious Metals currently has an average rating of “Buy”.

ASA Gold and Precious Metals Stock Performance

The stock’s 50 day moving average is $47.66 and its 200 day moving average is $39.15.

ASA Gold and Precious Metals Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th were issued a $0.03 dividend. This represents a dividend yield of 12.0%. The ex-dividend date of this dividend was Wednesday, November 12th.

Insider Buying and Selling at ASA Gold and Precious Metals

In related news, major shareholder Saba Capital Management, L.P. acquired 109,206 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were bought at an average cost of $40.91 per share, for a total transaction of $4,467,617.46. Following the purchase, the insider owned 4,516,387 shares in the company, valued at $184,765,392.17. This trade represents a 2.48% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 926,145 shares of company stock valued at $40,958,510 in the last three months. 1.69% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ASA Gold and Precious Metals

A number of institutional investors and hedge funds have recently made changes to their positions in ASA. Advisory Services Network LLC purchased a new position in ASA Gold and Precious Metals during the third quarter worth about $55,000. JPMorgan Chase & Co. bought a new stake in shares of ASA Gold and Precious Metals during the 2nd quarter valued at about $61,000. Savant Capital LLC purchased a new position in shares of ASA Gold and Precious Metals during the third quarter worth about $220,000. Fruth Investment Management purchased a new position in shares of ASA Gold and Precious Metals during the first quarter worth about $226,000. Finally, Steward Partners Investment Advisory LLC increased its position in shares of ASA Gold and Precious Metals by 143.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company’s stock worth $229,000 after purchasing an additional 4,272 shares during the last quarter.

ASA Gold and Precious Metals Company Profile

ASA Gold and Precious Metals Limited is a publicly owned investment manager. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other precious minerals. It also invests in exchange traded funds.