ASA Gold and Precious Metals (NYSE:ASA) Shares Gap Up – Should You Buy?

ASA Gold and Precious Metals Limited (NYSE:ASA)’s stock price 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.

Analysts Set New Price Targets

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

ASA Gold and Precious Metals Stock Performance

The business’s 50-day moving average is $55.30 and its 200 day moving average is $61.67.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ASA. WHI TRUST Co LLC acquired a new stake in shares of ASA Gold and Precious Metals in the fourth quarter valued at approximately $30,000. GHP Investment Advisors Inc. acquired a new stake in ASA Gold and Precious Metals during the first quarter worth approximately $31,000. Group One Trading LLC acquired a new stake in ASA Gold and Precious Metals during the first quarter worth approximately $50,000. Trust Co. of Vermont acquired a new stake in ASA Gold and Precious Metals during the second quarter worth approximately $47,000. Finally, Kestra Advisory Services LLC bought a new position in ASA Gold and Precious Metals during the 4th quarter worth $58,000.

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.