GGN
GAMCO Global Gold, Natural Resources & Income TrustGGN
GGN
About: GAMCO Global Gold Natural Resources & Income Trust is a non-diversified closed-end management investment company. Its primary investment objective is to provide a high current income and capital appreciation as its secondary objective. To achieve its objective, the fund may invest majority of its assets in equity securities of companies principally engaged in the gold and natural resources industries. It also intends to earn income through an option planning of writing (selling) covered call options on equity securities in its portfolio.
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
52% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 31
21% more capital invested
Capital invested by funds: $63.8M [Q4 2024] → $77.2M (+$13.4M) [Q1 2025]
0.37% more ownership
Funds ownership: 10.91% [Q4 2024] → 11.28% (+0.37%) [Q1 2025]
4% less funds holding
Funds holding: 144 [Q4 2024] → 138 (-6) [Q1 2025]
14% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 22
Research analyst outlook
We haven’t received any recent analyst ratings for GGN.
Financial journalist opinion
Based on 3 articles about GGN published over the past 30 days
Positive
Forbes
1 week ago
2 Dividends To Buy As Gold Takes A Dip (One Yields 8.3%)
Gold prices have taken a breather—and we're getting a rare opportunity to snag two shimmering dividend plays paying up to 8.3%.
Positive
Seeking Alpha
2 weeks ago
GGN.PR.B: An Enticing Rates Play From This CEF
GGN.PR.B preferred shares offer a high 6.1% yield, backed by the fund's stable NAV and strong asset coverage from miners and energy equities. These perpetual preferreds act as a permanent form of capital, with high duration and significant sensitivity to interest rate movements. We see GGN.PR.B as a compelling rates play, with the potential for a +20% upside if rates fall, but -10% downside if 10-year yields rise 100 bps.
Positive
Forbes
3 weeks ago
Why The Moody's Downgrade Puts This Dividend Duo In Bullish Mood
As I'm sure you have heard, Moody's downgraded US debt last weekend.
Neutral
GlobeNewsWire
1 month ago
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
RYE, N.Y., May 14, 2025 (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 paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.03 per share for each of July, August, and September 2025. Based on current dynamics, the Fund may make distributions in excess of the Fund's distributable earnings. It is currently expected that distributions to common shareholders in 2025 will primarily constitute a return of capital for tax purposes.
Negative
Seeking Alpha
1 month ago
GGN: Recommend Patience And Strategic Trading
GAMCO Global Gold, Natural Resources & Income Trust is highly volatile, driven by bullish gold prices and weak oil prices. The fund's value is influenced by gold and crude oil prices, with current trends favoring gold due to geopolitical uncertainty and central bank actions. Major financial institutions predict gold prices to rise significantly, while crude oil prices are expected to remain low due to recession fears and OPEC actions.
Positive
Seeking Alpha
1 month ago
5 Best CEFs This Month For Yields Up To 15% (April 2025)
For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500closed-end funds.
Neutral
GlobeNewsWire
4 months ago
Gamco Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 per Share
RYE, N.Y., Feb. 13, 2025 (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 paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.03 per share for each of April, May, and June 2025. Based on current dynamics, the Fund may make distributions in excess of the Fund's earnings. It is currently expected that distributions to common shareholders in 2025 will primarily constitute a return of capital for tax purposes.
Positive
Seeking Alpha
4 months ago
Sell Equity, Buy Fixed Income, Part 4: GGN And 6% From One Of The Highest-Rated Preferred Shares On The Exchange
The inverted earnings yield curve suggests avoiding equity and favoring fixed income, particularly closed-end fund preferred stocks like GGN-B. GGN-B offers a 5.96% yield with an A2 credit rating from Moody's, making it one of the safest preferred stocks available. GGN's diversified portfolio focuses on gold and natural resources, with a strategy that includes writing covered call options for income.
Neutral
Seeking Alpha
5 months ago
GGN: Sometimes Markets Give Buying Opportunities
GAMCO Global Gold, Natural Resources & Income Trust's price drop presents a buying opportunity, driven by end-of-year market volatility and strategic management decisions. The fund's strategy involves holding energy and mining stocks while selling short calls to generate cash for dividends, with recent changes in holdings reflecting this approach. Key fundamentals include gold and crude oil prices, with gold expected to rise due to lower Fed rates and geopolitical unrest, while oil's future remains uncertain.
Positive
Seeking Alpha
7 months ago
5 Best CEFs This Month For 9.5% Yield (October 2024)
For income investors, closed-end funds, or CEFs, remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. CEFs are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer “excess” discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.
Charts implemented using Lightweight Charts™