GAMCO Global Gold, Natural Resources & Income Trust (GGN)

NYSEAMERICAN: GGN · Real-Time Price · USD
4.380
+0.020 (0.46%)
At close: Oct 11, 2024, 3:59 PM
4.390
+0.010 (0.23%)
After-hours: Oct 11, 2024, 7:32 PM EDT
0.46%
Market Value 675.82M
Revenue (ttm) 22.81M
Net Income (ttm) 75.83M
Shares Out 154.30M
EPS (ttm) 0.49
PE Ratio 8.92
Forward PE n/a
Dividend $0.36 (8.22%)
Ex-Dividend Date Dec 13, 2024
Volume 237,052
Open 4.380
Previous Close 4.360
Day's Range 4.370 - 4.400
52-Week Range 3.540 - 4.400
Beta 0.78
Analysts n/a
Price Target n/a
Earnings Date n/a

About GGN

GAMCO Global Gold, Natural Resources & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets across the globe. The fund invests in stocks of companies principally engaged in the gold and natural resources industries including companies principally engaged in the exploration, mining, fabrication, processing, distribution, or trading of gold, or the financing, managing and controlling, or operating of companies engaged in gold related ... [Read more]

Sector Financials
Founded 2005
Country United States
Stock Exchange NYSEAMERICAN
Ticker Symbol GGN
Full Company Profile

News

GGN: Still Has Some Room To Run

GAMCO Global Gold, Natural Resources & Income Trust offers growth potential with a portfolio focused on energy and mining stocks, benefiting from rising gold and oil prices. The fund's quarterly repor...

9 days ago - Seeking Alpha

These 15 Dividends Could Be Great In 2025

With stocks back in “climb” mode (at least for now!), it could seem like a good time to look for a hedge against the next downturn.

Other symbols: BCXPEO
4 weeks ago - Forbes

GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share

RYE, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE American:GGN) (the “Fund”) approved the continuation of its policy of pa...

7 weeks ago - GlobeNewsWire

GGN: Tracking Two Fundamentals, Crude And Precious Metals

GAMCO prices have retraced modestly, offering investors a slightly better entry price. Gold remains in bullish markets, likely to head higher. Crude oil prices are likely to head higher from limited s...

3 months ago - Seeking Alpha

GGN: Perfectly Tracking Fundamentals

GAMCO Global Gold, Natural Resources & Income Trust invests in energy and natural resources and uses a short call option strategy for generating dividend cash. The fund's prices have recently broken o...

6 months ago - Seeking Alpha

Gamco Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share

RYE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE American:GGN) (the “Fund”) approved the continuation of its policy of pa...

8 months ago - GlobeNewsWire

GGN: Prevailing Tailwinds Await The CEF

GAMCO Global Gold, Natural Resources & Income Trust invests in mining and energy companies and sells covered calls for income. The shift to gold may prove wise as there is an inverse relationship betw...

8 months ago - Seeking Alpha

GGN: Buy, Moderate Growth Is In The Wings

GAMCO Global Gold's model places it in a unique position for future growth. The growth will likely be moderated by its practice of heavily selling covered calls on its investments. In the meantime, in...

1 year ago - Seeking Alpha

GGN: Reasonable Discount Available On This High-Yielding CEF Makes It Appealing

GAMCO Global Gold, Natural Resources & Income Trust uses a covered call strategy with high turnover and a cash component of over 17%. The GGN closed-end fund had a market-beating performance in the pa...

1 year ago - Seeking Alpha

GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share

RYE, N.Y., May 18, 2023 (GLOBE NEWSWIRE) -- The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE American:GGN) (the “Fund”) approved the continuation of its policy of pay...

1 year ago - GlobeNewsWire

GGN: Compelling Dividend Yield But No Growth Despite Bullish Gold

GGN: Compelling Dividend Yield But No Growth Despite Bullish Gold

1 year ago - Seeking Alpha

The Month In Closed-End Funds: March 2023

For the second consecutive month, equity CEFs (-0.26%) on average witnessed negative performance while their fixed income CEF cohorts (+0.87%) posted gains for the second month in three. At month end,...

Other symbols: ASAEDDEOSGNTPCKPMFPML
1 year ago - Seeking Alpha

Stars Aligning For GAMCO Global Gold, Natural Resources & Income Trust

Market pressures in precious metals and oil will likely drive GAMCO Global Gold, Natural Resources & Income Trust higher. The two pressures are likely to join forces at a similar timing.

1 year ago - Seeking Alpha

Warning: These 2 High-Yield Oil Dividends Are About To Slide

I have a warning: now is the time to take profits—especially if you hold the two oil funds we'll discuss below.

Other symbols: BGR
1 year ago - Forbes

GGN: No Inflation Hedging Via This 10% Yielding CEF

GGN is an equity CEF that holds global energy and mining conglomerates' shares. The fund has a spotty performance and has not been an effective inflation hedge given its overweight position in gold mi...

2 years ago - Seeking Alpha

GGN: Great Idea For Right Now In Concept But Generally Poor Execution

GGN is a very high-yielding closed-end fund that primarily invests in gold and energy. Gold is historically a strong performer during inflationary times but it has not been performing very well over t...

2 years ago - Seeking Alpha

These 4 Gold Funds Are The Worst Buys You Could Make Now

It's almost a reflex to buy gold when inflation hits or volatility ramps up.

Other symbols: GDXGDXJGLD
2 years ago - Forbes

Hedging Or Not With GGN

Distribution remains constant at $0.03 per month with GAMCO. Price swings seem tied with NAV swings.

2 years ago - Seeking Alpha

GGN: This High Yield CEF Is A Safe Bet In Current Economic Scenario

Despite gradually decreasing its pay-out by almost 79 percent, GGN has recorded an average yield of almost 13 percent over the past 10 years. GGN's investments are in commodities (gold, mining, energy...

2 years ago - Seeking Alpha

Why It's Not Too Late To Buy Oil Stocks

There's a way we can “turn back the clock” and squeeze 8.1%, 8.7% and even 8.9% dividends out of energy stocks.

Other symbols: KYNTYGXLE
2 years ago - Forbes

GGN: Compelling 9.6% Yield, But Strategy Leaves A Lot To Be Desired

GGN invests across both energy sector and mining stocks with a focus on gold producers. The fund has benefited from the strong momentum in oil prices over the past year although we highlighted a mixed...

2 years ago - Seeking Alpha

GGN: This High-Yielding Fund Continues To Be Plagued By Value Destruction

The United States has begun to suffer from the ravages of inflation in a very significant way. This poses a problem for retirees and others because of the impact it has on your assets and income.

3 years ago - Seeking Alpha

GGN: A 9% Yield And Inflation Protection

GGN invests in a variety of gold mining and other companies that should see their share prices go up if the price of natural resources does. The price of natural resources is poised to increase as inf...

3 years ago - Seeking Alpha

Gold Will Shine If The Labor Recovery Stalls

If the labor market recovery stalls, interest rates and the dollar will fall. Inflation will stay elevated even if the labor recovery stalls.

3 years ago - Seeking Alpha

Evaluating CEFs: GGN Has The Gold But No Glitter

GGN holds gold and natural resource producers and has an attractive 9% yield if it can support it. I continue my series looking at CEFs beyond the yield.

3 years ago - Seeking Alpha