ASA Gold and Precious Metals (NYSE:ASA) Sets New 12-Month High Following Insider Buying Activity

ASA Gold and Precious Metals Limited (NYSE:ASA) shares reached a new 52-week high during mid-day trading on Monday following insider buying activity. The stock traded as high as $63.91 and last traded at $63.9450, with a volume of 6695 shares traded. The stock had previously closed at $61.86.

Specifically, major shareholder Saba Capital Management, L.P. bought 2,479 shares of the business’s stock in a transaction on Thursday, January 8th. The stock was bought at an average price of $60.71 per share, for a total transaction of $150,500.09. Following the transaction, the insider directly owned 5,418,622 shares in the company, valued at $328,964,541.62. This represents a 0.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Saba Capital Management, L.P. purchased 4,152 shares of the stock in a transaction dated Friday, January 9th. The shares were bought at an average price of $62.03 per share, for a total transaction of $257,548.56. Following the completion of the acquisition, the insider owned 5,422,774 shares in the company, valued at $336,374,671.22. This represents a 0.08% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In other news, major shareholder Saba Capital Management, L.P. acquired 3,598 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was acquired at an average cost of $59.78 per share, for a total transaction of $215,088.44. Following the completion of the acquisition, the insider owned 5,416,143 shares in the company, valued at approximately $323,777,028.54. The trade was a 0.07% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

Key Headlines Impacting ASA Gold and Precious Metals

Here are the key news stories impacting ASA Gold and Precious Metals this week:

• Positive Sentiment: Saba Capital (a >10% holder) has been consistently buying ASA shares across December–January, most recently purchasing 9,508 shares at ~$64.19 on Jan 12 — a continued accumulation that signals confidence from a large shareholder. SEC Filing — Saba Jan 12 Purchase
• Positive Sentiment: Multiple recent small-to-medium purchases from Saba (Jan 2–9) show a pattern of staged buys at ~$59–$62, adding to their >5.4M share position and reducing the risk of a one-off trade. MarketBeat Insider Trades
• Positive Sentiment: Institutional activity shows new and increased positions (Almitas Capital, Medici Capital, Landscape Capital, Wolverine Asset Management), indicating broader fund-level interest in ASA’s closed-end precious-metals exposure. Institutional Holdings — MarketBeat
• Positive Sentiment: Weiss Ratings recently reiterated a “Buy (B)” on ASA, supporting the published consensus Buy rating and potentially reinforcing investor confidence. Weiss Ratings
• Neutral Sentiment: Sector coverage and ownership-disclosure stories (Kalkine, MarketBeat) are providing context on precious-metals fund flows but don’t directly change ASA’s fundamentals. Explore Ownership Disclosures — Kalkine
• Neutral Sentiment: Macro/sector commentary (e.g., a MarketBeat piece on a fund that surged in 2025) may influence sentiment for precious-metals vehicles broadly but is not ASA-specific. This Fund Soared 200% — MarketBeat
• Negative Sentiment: Despite insider and institutional buying, ASA is trading lower today and remains volatile; short-term price movement may reflect profit-taking, broader market movements in metals, or fund flow shifts rather than a change in the ownership signal.

ASA Gold and Precious Metals Trading Down 0.5%

The company has a fifty day simple moving average of $54.81 and a two-hundred day simple moving average of $44.66.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in ASA Gold and Precious Metals in the 2nd quarter worth approximately $231,000. Atria Wealth Solutions Inc. raised its position in shares of ASA Gold and Precious Metals by 30.1% in the second quarter. Atria Wealth Solutions Inc. now owns 10,145 shares of the investment management company’s stock valued at $320,000 after purchasing an additional 2,350 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of ASA Gold and Precious Metals during the 2nd quarter worth $1,213,000. JPMorgan Chase & Co. acquired a new position in ASA Gold and Precious Metals in the 2nd quarter valued at $61,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in ASA Gold and Precious Metals by 143.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company’s stock worth $229,000 after acquiring an additional 4,272 shares during the period.

ASA Gold and Precious Metals Company Profile

ASA Gold & Precious Metals Limited, trading on the New York Stock Exchange under the ticker ASA, is a closed-end investment company dedicated to providing shareholders with targeted exposure to the precious metals sector. Established in 1959 and domiciled in Guernsey, the company aims to combine dividend income with the potential for long-term capital appreciation by investing in a diversified suite of gold, silver, platinum and palladium assets.

The firm’s core activities involve constructing and managing a portfolio that blends equity positions in precious metals mining companies with direct holdings of physical bullion.