GAMCO Global Gold, Natural Resources & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc.
Share Price & News
How has GAMCO Global Gold Natural Resources & Income Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GGN.PRB has not had significant price volatility in the past 3 months.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: GGN.PRB underperformed the US Capital Markets industry which returned 15.4% over the past year.
Return vs Market: GGN.PRB underperformed the US Market which returned 17.8% over the past year.
Price Volatility Vs. Market
How volatile is GAMCO Global Gold Natural Resources & Income Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is GAMCO Global Gold Natural Resources & Income Trust undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: GGN.PRB ($25.28) is trading above our estimate of fair value ($4.74)
Significantly Below Fair Value: GGN.PRB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GGN.PRB is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.
PE vs Market: GGN.PRB is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GGN.PRB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GGN.PRB is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (6.6x).
How is GAMCO Global Gold Natural Resources & Income Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as GAMCO Global Gold Natural Resources & Income Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has GAMCO Global Gold Natural Resources & Income Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GGN.PRB is currently unprofitable.
Growing Profit Margin: GGN.PRB is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GGN.PRB is unprofitable, but has reduced losses over the past 5 years at a rate of 19.6% per year.
Accelerating Growth: Unable to compare GGN.PRB's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GGN.PRB is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (8.4%).
Return on Equity
High ROE: GGN.PRB has a negative Return on Equity (-0.16%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is GAMCO Global Gold Natural Resources & Income Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: GGN.PRB has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if GGN.PRB's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if GGN.PRB has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if GGN.PRB has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Financial Institutions Analysis
Asset Level: GGN.PRB's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if GGN.PRB has a sufficient allowance for bad loans.
Low Risk Liabilities: GGN.PRB reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if GGN.PRB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: GGN.PRB has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if GGN.PRB has an appropriate level of bad loans.
What is GAMCO Global Gold Natural Resources & Income Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase GAMCO Global Gold Natural Resources & Income Trust before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: GGN.PRB's dividend (14.18%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: GGN.PRB's dividend (14.18%) is in the top 25% of dividend payers in the US market (3.73%)
Stability and Growth of Payments
Stable Dividend: GGN.PRB's dividend payments have been volatile in the past 10 years.
Growing Dividend: GGN.PRB's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: GGN.PRB is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
GAMCO Global Gold Natural Resources & Income Trust has no CEO, or we have no data on them.
|Independent Trustee||14.3yrs||US$28.50k||no data|
|Lead Independent Trustee||0yrs||US$25.00k||0.00072% $4.3k|
|Independent Trustee||15yrs||US$23.00k||0.0016% $9.7k|
|Interested Trustee||15.1yrs||US$23.00k||no data|
|Independent Trustee||15yrs||US$25.00k||no data|
|Independent Trustee||15yrs||US$23.50k||0.0028% $16.7k|
|Independent Trustee||15yrs||US$25.00k||no data|
|Independent Trustee||15yrs||US$25.50k||no data|
Experienced Board: GGN.PRB's board of directors are seasoned and experienced ( 15 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.
GAMCO Global Gold, Natural Resources & Income Trust's company bio, employee growth, exchange listings and data sources
- Name: GAMCO Global Gold, Natural Resources & Income Trust
- Ticker: GGN.PRB
- Exchange: AMEX
- Founded: 2005
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$590.795m
- Shares outstanding: 139.67m
- Website: https://www.gabelli.com/Template/fundinfo.cfm?tid=NTczYjU=&bid=OWZjZg==&mid=M2E1YQ==&num=MTczMDY=&kid=MTIzMTY=&fid=NmZiMGU=&rid=611-=edoc_dnuf
- GAMCO Global Gold, Natural Resources & Income Trust
- One Corporate Center
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GGN||AMEX (NYSE MKT LLC)||Yes||Common Shares||US||USD||Mar 2005|
|GGN.PRA||AMEX (NYSE MKT LLC)||PFD 6.625% A||US||USD||Oct 2007|
|GGN.PRB||AMEX (NYSE MKT LLC)||PFD SER B 5.00%||US||USD||May 2013|
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 activities. It also invests in equity securities of companies principally engaged in the exploration, production, or distribution of natural resources, such as gas and oil, paper, food and agriculture, forestry products, metals, and minerals as well as related transportation companies and equipment manufacturers. The fund makes its investments using call options. It benchmarks the performance of its portfolio against the CBOE S&P 500 Buy/Write Index, Philadelphia Gold & Silver Index, Energy Select Sector Index, and Barclays Government/Credit Bond Index. The fund was formerly known as GAMCO Global Gold, Natural Resources & Income Trust by Gabelli. GAMCO Global Gold, Natural Resources & Income Trust was formed on January 4, 2005 and is domiciled in United States.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 03:01|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.