AMEX:GGN

Stock Analysis Report

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.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.2%

GGN

1.1%

US Capital Markets

0.9%

US Market


1 Year Return

-3.7%

GGN

18.8%

US Capital Markets

20.0%

US Market

Return vs Industry: GGN underperformed the US Capital Markets industry which returned 19% over the past year.

Return vs Market: GGN underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

GGNIndustryMarket
7 Day-3.2%1.1%0.9%
30 Day-3.4%0.5%1.4%
90 Day-0.5%8.0%8.8%
1 Year10.5%-3.7%21.2%18.8%22.5%20.0%
3 Year11.2%-24.4%40.1%32.2%49.9%40.3%
5 Year10.0%-43.3%83.5%66.4%73.2%54.1%

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?

0.95x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: GGN ($4.22) is trading above our estimate of fair value ($0.79)

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


Price To Earnings Ratio

PE vs Industry: GGN is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: GGN 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's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GGN is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (6.7x).

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?

8.4%

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?

19.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GGN is currently unprofitable.

Growing Profit Margin: GGN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GGN 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's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GGN 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 has a negative Return on Equity (-0.16%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed

Financial Health

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


Balance Sheet

Inventory Level: GGN has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if GGN'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 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if GGN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Financial Institutions Analysis

Asset Level: GGN's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if GGN has a sufficient allowance for bad loans.

Low Risk Liabilities: GGN reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if GGN has an acceptable proportion of non-loan assets held.

Low Risk Deposits: GGN has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if GGN has an appropriate level of bad loans.

Dividend

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

14.22%

Current Dividend Yield


Upcoming Dividend Payment

TodayFeb 18 2020Ex Dividend DateMar 16 2020Dividend Pay DateMar 24 20208 days from Ex DividendBuy in the next 27 days to receive upcoming dividend

Dividend Yield vs Market

company14.2%marketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: GGN's dividend (14.22%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: GGN's dividend (14.22%) is in the top 25% of dividend payers in the US market (3.69%)


Stability and Growth of Payments

Stable Dividend: GGN's dividend payments have been volatile in the past 10 years.

Growing Dividend: GGN's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: GGN 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.

Management

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

15.0yrs

Average board tenure


CEO

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


Board Members

NamePositionTenureCompensationOwnership
Salvatore Zizza
Independent Trustee14.3yrsUS$28.50kno data
James Conn
Lead Independent Trustee0yrsUS$25.00k0.00072% $4.2k
Anthonie van Ekris
Independent Trustee15yrsUS$23.00k0.0016% $9.7k
Salvatore Salibello
Interested Trustee15.1yrsUS$23.00kno data
Frank Fahrenkopf
Independent Trustee15yrsUS$25.00kno data
Michael Melarkey
Independent Trustee15yrsUS$23.50k0.0028% $16.7k
Vincent Enright
Independent Trustee15yrsUS$25.00kno data
Anthony Colavita
Independent Trustee15yrsUS$25.50kno data

15.0yrs

Average Tenure

77.5yo

Average Age

Experienced Board: GGN's board of directors are seasoned and experienced ( 15 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.


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 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 00:01
End of Day Share Price2020/02/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.