AMEX:GGN.PRB

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GAMCO Global Gold Natural Resources & Income Trust

Executive Summary

GAMCO Global Gold, Natural Resources & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc. More Details

Rewards


Snowflake Analysis

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.


Market Performance


7 Day Return

-0.5%

GGN.PRB

-3.3%

US Capital Markets

-1.1%

US Market


1 Year Return

1.1%

GGN.PRB

3.7%

US Capital Markets

15.0%

US Market

Return vs Industry: GGN.PRB underperformed the US Capital Markets industry which returned 5.7% over the past year.

Return vs Market: GGN.PRB underperformed the US Market which returned 15.6% over the past year.


Shareholder returns

GGN.PRBIndustryMarket
7 Day-0.5%-3.3%-1.1%
30 Day-0.7%2.0%2.9%
90 Day0.3%-0.1%5.7%
1 Year6.3%1.1%6.3%3.7%17.6%15.0%
3 Year19.8%2.4%18.9%9.8%38.9%29.7%
5 Year50.4%15.7%61.6%41.4%78.4%58.4%

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

Valuation

Is GAMCO Global Gold Natural Resources & Income Trust undervalued compared to its fair value and its price relative to the market?

36.34x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GGN.PRB ($25.37) is trading above our estimate of fair value ($3.3)

Significantly Below Fair Value: GGN.PRB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GGN.PRB is poor value based on its PE Ratio (37.8x) compared to the US Capital Markets industry average (22.2x).

PE vs Market: GGN.PRB is poor value based on its PE Ratio (37.8x) compared to the US market (18.9x).


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 (0.9x) compared to the US Capital Markets industry average (4.7x).

Future Growth

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?

12.6%

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.

Past Performance

How has GAMCO Global Gold Natural Resources & Income Trust performed over the past 5 years?

47.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GGN.PRB has a large one-off gain of $26.3M impacting its June 30 2020 financial results.

Growing Profit Margin: GGN.PRB became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: GGN.PRB has become profitable over the past 5 years, growing earnings by 47.6% per year.

Accelerating Growth: GGN.PRB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: GGN.PRB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (14.1%).


Return on Equity

High ROE: GGN.PRB's Return on Equity (2.6%) is considered low.

Financial Health

How is GAMCO Global Gold Natural Resources & Income Trust's financial position?


Financial Position Analysis

Short Term Liabilities: GGN.PRB's short term assets ($13.2M) do not cover its short term liabilities ($90.7M).

Long Term Liabilities: GGN.PRB has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GGN.PRB is debt free.

Reducing Debt: GGN.PRB has not had any debt for past 5 years.

Debt Coverage: GGN.PRB has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GGN.PRB has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Dividend

What is GAMCO Global Gold Natural Resources & Income Trust current dividend yield, its reliability and sustainability?

11.01%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GGN.PRB's dividend (10.59%) is higher than the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: GGN.PRB's dividend (10.59%) is in the top 25% of dividend payers in the US market (4.63%)


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: With its high payout ratio (666.7%), GGN.PRB's dividend payments are not well covered by earnings.


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.

Management

How experienced are the management team and are they aligned to shareholders interests?

10.8yrs

Average management tenure


CEO

GAMCO Global Gold Natural Resources & Income Trust has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Molly Marion
no dataUS$85.00kno data
David Schachter
Vice President8.75yrsUS$75.00kno data
Bruce Alpert
Executive Vice President & Chief Operating Officer15.75yrsno datano data
Agnes Mullady
President & Chief Operating Officer of the Open-End Fund Division & Vice Presidentno datano datano data
Laurissa Martire
Vice President and Ombudsman10.75yrsUS$60.00kno data
Mario Gabelli
Portfolio Managerno datano datano data
Barbara Marcin
Portfolio Managerno datano datano data
Vincent Hugonnard-Roche
Portfolio Managerno datano datano data
Caesar M. Bryan
Portfolio Managerno datano datano data

10.8yrs

Average Tenure

66.5yo

Average Age

Experienced Management: GGN.PRB's management team is seasoned and experienced (10.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Salvatore Zizza
Independent Trustee14.92yrsUS$28.50kno data
James Conn
Lead Independent Trusteeno dataUS$25.00k0.00060%
$ 3.2k
Anthonie van Ekris
Independent Trustee15.67yrsUS$23.00k0.0014%
$ 7.5k
Salvatore Salibello
Interested Trustee15.75yrsUS$23.00kno data
Frank Fahrenkopf
Independent Trustee15.67yrsUS$25.00kno data
Michael Melarkey
Independent Trustee15.67yrsUS$23.50kno data
Vincent Enright
Independent Trustee15.67yrsUS$25.00kno data
Anthony Colavita
Independent Trustee15.67yrsUS$25.50kno data

15.7yrs

Average Tenure

78.5yo

Average Age

Experienced Board: GGN.PRB's board of directors are seasoned and experienced ( 15.7 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.4%.


Top Shareholders

Company Information

GAMCO Global Gold, Natural Resources & Income Trust's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • GAMCO Global Gold, Natural Resources & Income Trust
  • One Corporate Center
  • Rye
  • New York
  • 10580-1422
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GGNAMEX (NYSE MKT LLC)YesCommon SharesUSUSDMar 2005
GGN.PRAAMEX (NYSE MKT LLC)PFD 6.625% AUSUSDOct 2007
GGN.PRBAMEX (NYSE MKT LLC)PFD SER B 5.00%USUSDMay 2013

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 23:57
End of Day Share Price2020/10/27 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.