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GAMCO Global Gold Natural Resources & Income Trust

AMEX:GGN.PRB
Snowflake Description

Excellent balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GGN.PRB
AMEX
$590M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

GAMCO Global Gold, Natural Resources & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc. The last earnings update was 45 days ago. More info.


Add to Portfolio Compare Print
  • GAMCO Global Gold Natural Resources & Income Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
GGN.PRB Share Price and Events
7 Day Returns
-0.6%
AMEX:GGN.PRB
0.1%
US Capital Markets
-0.3%
US Market
1 Year Returns
0.1%
AMEX:GGN.PRB
-7.4%
US Capital Markets
7%
US Market
GGN.PRB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GAMCO Global Gold Natural Resources & Income Trust (GGN.PRB) -0.6% 0.1% 2.9% 0.1% -2.6% 9%
US Capital Markets 0.1% 5% 3.5% -7.4% 53.5% 71.2%
US Market -0.3% 2.2% 8.5% 7% 37.7% 46.8%
1 Year Return vs Industry and Market
  • GGN.PRB outperformed the Capital Markets industry which returned -7.4% over the past year.
  • GGN.PRB underperformed the Market in United States of America which returned 7% over the past year.

GGN.PRB Value

 Is GAMCO Global Gold Natural Resources & Income Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for GAMCO Global Gold Natural Resources & Income Trust. This is due to cash flow or dividend data being unavailable. The share price is $23.32.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for GAMCO Global Gold Natural Resources & Income Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GAMCO Global Gold Natural Resources & Income Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:GGN.PRB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.69
AMEX:GGN Share Price ** AMEX (2019-04-18) in USD $4.33
United States of America Capital Markets Industry PE Ratio Median Figure of 87 Publicly-Listed Capital Markets Companies 30.77x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of GAMCO Global Gold Natural Resources & Income Trust.

AMEX:GGN.PRB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:GGN Share Price ÷ EPS (both in USD)

= 4.33 ÷ -0.69

-6.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GAMCO Global Gold Natural Resources & Income Trust is loss making, we can't compare its value to the US Capital Markets industry average.
  • GAMCO Global Gold Natural Resources & Income Trust is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does GAMCO Global Gold Natural Resources & Income Trust's expected growth come at a high price?
Raw Data
AMEX:GGN.PRB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 34 Publicly-Listed Capital Markets Companies 2.67x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for GAMCO Global Gold Natural Resources & Income Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GAMCO Global Gold Natural Resources & Income Trust's assets?
Raw Data
AMEX:GGN.PRB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $4.17
AMEX:GGN Share Price * AMEX (2019-04-18) in USD $4.33
United States of America Capital Markets Industry PB Ratio Median Figure of 169 Publicly-Listed Capital Markets Companies 6.5x
United States of America Market PB Ratio Median Figure of 5,182 Publicly-Listed Companies 1.91x
AMEX:GGN.PRB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:GGN Share Price ÷ Book Value per Share (both in USD)

= 4.33 ÷ 4.17

1.04x

* Primary Listing of GAMCO Global Gold Natural Resources & Income Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GAMCO Global Gold Natural Resources & Income Trust is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess GAMCO Global Gold Natural Resources & Income Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. GAMCO Global Gold Natural Resources & Income Trust has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GGN.PRB Future Performance

 How is GAMCO Global Gold Natural Resources & Income Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.9%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GAMCO Global Gold Natural Resources & Income Trust expected to grow at an attractive rate?
  • Unable to compare GAMCO Global Gold Natural Resources & Income Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare GAMCO Global Gold Natural Resources & Income Trust's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare GAMCO Global Gold Natural Resources & Income Trust's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:GGN.PRB Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:GGN.PRB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:GGN.PRB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 18 -94
2018-09-30 19 -36
2018-06-30 20 21
2018-03-31 19 36
2017-12-31 18 51
2017-09-30 17 18
2017-06-30 15 -16
2017-03-31 14 54
2016-12-31 13 125
2016-09-30 12 63
2016-06-30 12 1
2016-03-31 12 -65

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if GAMCO Global Gold Natural Resources & Income Trust is high growth as no earnings estimate data is available.
  • Unable to determine if GAMCO Global Gold Natural Resources & Income Trust is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:GGN.PRB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from GAMCO Global Gold Natural Resources & Income Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:GGN.PRB Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.69
2018-09-30 -0.27
2018-06-30 0.16
2018-03-31 0.27
2017-12-31 0.38
2017-09-30 0.13
2017-06-30 -0.12
2017-03-31 0.40
2016-12-31 0.93
2016-09-30 0.47
2016-06-30 0.00
2016-03-31 -0.55

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if GAMCO Global Gold Natural Resources & Income Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess GAMCO Global Gold Natural Resources & Income Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
GAMCO Global Gold Natural Resources & Income Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GGN.PRB Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare GAMCO Global Gold Natural Resources & Income Trust's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • GAMCO Global Gold Natural Resources & Income Trust does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare GAMCO Global Gold Natural Resources & Income Trust's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare GAMCO Global Gold Natural Resources & Income Trust's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
GAMCO Global Gold Natural Resources & Income Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from GAMCO Global Gold Natural Resources & Income Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:GGN.PRB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 18.12 -93.93 8.83
2018-09-30 18.96 -36.22 9.14
2018-06-30 19.80 21.48 9.46
2018-03-31 19.07 36.25 9.59
2017-12-31 18.35 51.02 9.72
2017-09-30 16.63 17.60 9.86
2017-06-30 14.92 -15.81 10.00
2017-03-31 13.85 54.41 9.77
2016-12-31 12.79 124.64 9.55
2016-09-30 12.22 62.61 9.21
2016-06-30 11.64 0.58 8.88
2016-03-31 11.88 -65.48 9.35
2015-12-31 12.13 -131.55 9.83
2015-09-30 13.05 -211.61 10.86
2015-06-30 13.97 -291.67 11.89
2015-03-31 14.66 -235.05 12.50
2014-12-31 15.34 -178.43 13.11
2014-09-30 16.05 14.54 13.17
2014-06-30 16.75 207.51 13.24
2014-03-31 18.71 8.81 13.54
2013-12-31 20.66 -189.90 13.84
2013-09-30 20.91 -183.03 14.42
2013-06-30 21.16 -176.16 15.01
2013-03-31 19.96 -82.73 14.87
2012-12-31 18.76 10.70 14.73
2012-09-30 18.07 -97.55 14.45
2012-06-30 17.37 -205.79 14.16

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if GAMCO Global Gold Natural Resources & Income Trust has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if GAMCO Global Gold Natural Resources & Income Trust has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if GAMCO Global Gold Natural Resources & Income Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess GAMCO Global Gold Natural Resources & Income Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
GAMCO Global Gold Natural Resources & Income Trust has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GGN.PRB Health

 How is GAMCO Global Gold Natural Resources & Income Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up GAMCO Global Gold Natural Resources & Income Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GAMCO Global Gold Natural Resources & Income Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • GAMCO Global Gold Natural Resources & Income Trust's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of GAMCO Global Gold Natural Resources & Income Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • GAMCO Global Gold Natural Resources & Income Trust has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from GAMCO Global Gold Natural Resources & Income Trust Company Filings, last reported 3 months ago.

AMEX:GGN.PRB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 655.54 0.00 2.82
2018-09-30 655.54 0.00 2.82
2018-06-30 778.06 0.00 0.63
2018-03-31 778.06 0.00 0.63
2017-12-31 828.72 0.00 0.02
2017-09-30 828.72 0.00 0.02
2017-06-30 835.94 0.00 1.35
2017-03-31 835.94 0.00 1.35
2016-12-31 853.14 0.00 0.29
2016-09-30 853.14 0.00 0.29
2016-06-30 847.28 0.00 0.03
2016-03-31 847.28 0.00 0.03
2015-12-31 691.52 0.00 0.29
2015-09-30 691.52 0.00 0.29
2015-06-30 900.16 0.00 0.02
2015-03-31 900.16 0.00 0.02
2014-12-31 920.62 0.00 0.27
2014-09-30 920.62 0.00 0.27
2014-06-30 1,247.59 0.00 9.93
2014-03-31 1,247.59 0.00 9.93
2013-12-31 1,152.44 0.00 0.02
2013-09-30 1,152.44 0.00 0.02
2013-06-30 1,137.45 0.00
2013-03-31 1,137.45 0.00
2012-12-31 1,428.60 0.00 7.21
2012-09-30 1,428.60 0.00 7.21
2012-06-30 1,222.91 0.00 0.50
  • GAMCO Global Gold Natural Resources & Income Trust has no debt.
  • GAMCO Global Gold Natural Resources & Income Trust has not taken on any debt in the past 5 years.
  • GAMCO Global Gold Natural Resources & Income Trust has no debt, it does not need to be covered by operating cash flow.
  • GAMCO Global Gold Natural Resources & Income Trust has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess GAMCO Global Gold Natural Resources & Income Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. GAMCO Global Gold Natural Resources & Income Trust has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GGN.PRB Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
13.86%
Current annual income from GAMCO Global Gold Natural Resources & Income Trust dividends.
If you bought $2,000 of GAMCO Global Gold Natural Resources & Income Trust shares you are expected to receive $277 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • GAMCO Global Gold Natural Resources & Income Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
  • GAMCO Global Gold Natural Resources & Income Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:GGN.PRB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:GGN.PRB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-22 0.600 13.905
2018-11-16 0.600 14.929
2018-08-23 0.600 13.303
2018-05-17 0.600 11.841
2018-02-23 0.600 12.006
2017-11-17 0.600 11.456
2017-08-25 0.600 10.782
2017-05-18 0.600 10.737
2017-02-23 0.600 10.682
2016-11-18 0.600 10.995
2016-08-17 0.840 13.469
2016-05-19 0.840 12.920
2015-11-19 0.840 16.266
2015-08-20 0.840 15.778
2015-05-21 0.840 13.622
2015-02-17 0.840 11.565
2014-11-20 0.840 11.628
2014-08-21 1.080 11.728
2014-02-27 1.080 10.281
2013-08-22 1.440 14.473
2013-05-17 1.440 13.599
2013-02-28 1.440 12.245
2012-08-16 1.440 10.569
2012-05-17 1.680 12.308
2012-03-01 1.680 10.692
2011-11-17 1.680 10.776
2011-08-18 1.680 10.591
2011-05-26 1.680 9.506
2011-02-17 1.680 9.040
2010-11-18 1.680 9.048
2010-08-19 1.680 9.745
2010-05-20 1.680 10.596
2010-02-25 1.680 9.503
2009-11-19 1.680 10.260
2009-08-20 1.680 10.825
2009-05-21 1.680 11.863
2009-04-22 1.680 12.140

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of GAMCO Global Gold Natural Resources & Income Trust's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess GAMCO Global Gold Natural Resources & Income Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can GAMCO Global Gold Natural Resources & Income Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GAMCO Global Gold Natural Resources & Income Trust has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GGN.PRB Management

 What is the CEO of GAMCO Global Gold Natural Resources & Income Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • GAMCO Global Gold Natural Resources & Income Trust has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the GAMCO Global Gold Natural Resources & Income Trust management team in years:

11.8
Average Tenure
59
Average Age
  • The average tenure for the GAMCO Global Gold Natural Resources & Income Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Molly Marion

TITLE
COMPENSATION
$85K
AGE
64

David Schachter

TITLE
Vice President
COMPENSATION
$75K
AGE
65
TENURE
7.3 yrs

Bruce Alpert

TITLE
Executive Vice President & Chief Operating Officer
AGE
66
TENURE
14.3 yrs

Rich Walz

TITLE
Chief Compliance Officer
AGE
59

Agnes Mullady

TITLE
President & Chief Operating Officer of the Open-End Fund Division & Vice President
AGE
59

Andrea Mango

TITLE
Secretary
AGE
45

Carter Austin

TITLE
Senior Vice President
AGE
52
TENURE
14.3 yrs

Mario Gabelli

TITLE
Portfolio Manager
AGE
75

Laurissa Martire

TITLE
Vice President and Ombudsman
COMPENSATION
$60K
AGE
41
TENURE
9.3 yrs

Barbara Marcin

TITLE
Portfolio Manager
Board of Directors Tenure

Average tenure and age of the GAMCO Global Gold Natural Resources & Income Trust board of directors in years:

14.2
Average Tenure
76.5
Average Age
  • The average tenure for the GAMCO Global Gold Natural Resources & Income Trust board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Salvatore Zizza

TITLE
Independent Trustee
COMPENSATION
$29K
AGE
73
TENURE
13.4 yrs

Vincent Enright

TITLE
Independent Trustee
COMPENSATION
$25K
AGE
74
TENURE
14.2 yrs

Anthony Colavita

TITLE
Independent Trustee
COMPENSATION
$26K
AGE
83
TENURE
14.2 yrs

James Conn

TITLE
Lead Independent Trustee
COMPENSATION
$25K
AGE
80

Anthonie van Ekris

TITLE
Independent Trustee
COMPENSATION
$23K
AGE
84
TENURE
14.2 yrs

Salvatore Salibello

TITLE
Interested Trustee
COMPENSATION
$23K
AGE
72
TENURE
14.3 yrs

Michael Melarkey

TITLE
Independent Trustee
COMPENSATION
$24K
AGE
69
TENURE
14.2 yrs

Frank Fahrenkopf

TITLE
Independent Trustee
COMPENSATION
$25K
AGE
79
TENURE
14.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess GAMCO Global Gold Natural Resources & Income Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. GAMCO Global Gold Natural Resources & Income Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GGN.PRB News

Simply Wall St News

GGN.PRB Company Info

Description

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.

Details
Name: GAMCO Global Gold, Natural Resources & Income Trust
GGN.PRB
Exchange: AMEX
Founded: 2005
$589,842,922
136,222,384
Website: http://www.gabelli.com/Template/fundinfo.cfm?tid=NTczYjU=&bid=OWZjZg==&mid=M2E1YQ==&num=MTczMDY=&kid=MTIzMTY=&fid=NmZiMGU=&rid=611-=edoc_dnuf
Address: GAMCO Global Gold, Natural Resources & Income Trust
One Corporate Center,
Rye,
New York, 10580-1422,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX GGN Common Shares NYSE MKT LLC US USD 29. Mar 2005
AMEX GGN.PRA PFD 6.625% A NYSE MKT LLC US USD 17. Oct 2007
AMEX GGN.PRB PFD SER B 5.00% NYSE MKT LLC US USD 13. May 2013
Number of employees
Current staff
Staff numbers
0
GAMCO Global Gold Natural Resources & Income Trust employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 00:35
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/03/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.