GAMCO Global Gold, Natural Resources & Income Trust

GAMCO Global Gold, Natural Resources & Income Trustverified

GGN

Price:

$4.26

Market Cap:

$657.31M

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...[Read more]

Industry

Asset Management - Income

IPO Date

2005-03-29

Stock Exchange

NYSE

Ticker

GGN

The ROE as of September 2024 (TTM) for GAMCO Global Gold, Natural Resources & Income Trust (GGN) is 13.65%

According to GAMCO Global Gold, Natural Resources & Income Trust’s latest financial reports and current stock price. The company's current ROE is 13.65%. This represents a change of 107.28% compared to the average of 6.58% of the last 4 quarters.

GAMCO Global Gold, Natural Resources & Income Trust (GGN) Historical ROE (quarterly & annually)

How has GGN ROE performed in the past?

The mean historical ROE of GAMCO Global Gold, Natural Resources & Income Trust over the last ten years is 1.29%. The current 13.65% ROE has changed 955.21% with respect to the historical average. Over the past ten years (40 quarters), GGN's ROE was at its highest in in the June 2022 quarter at 24.15%. The ROE was at its lowest in in the December 2014 quarter at -19.28%.

Quarterly (TTM)
Annual

Average

1.29%

Median

6.46%

Minimum

-20.99%

Maximum

15.13%

GAMCO Global Gold, Natural Resources & Income Trust (GGN) ROE by Quarter and Year

Discovering the peaks and valleys of GAMCO Global Gold, Natural Resources & Income Trust ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 58.50%

Maximum Annual ROE = 15.13%

Minimum Annual Increase = -304.25%

Minimum Annual ROE = -20.99%

Quarterly (TTM)
Annual
YearROEChange
202310.74%18.23%
20229.09%45.78%
20216.23%58.50%
20203.93%-72.18%
201914.14%-203.49%
2018-13.66%-304.25%
20176.69%-55.81%
201615.13%-182.38%
2015-18.37%-12.48%
2014-20.99%31.19%

GAMCO Global Gold, Natural Resources & Income Trust (GGN) Average ROE

How has GGN ROE performed in the past?

The current ROE of GAMCO Global Gold, Natural Resources & Income Trust (GGN) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

8.69%

5-year avg

8.83%

10-year avg

1.29%

GAMCO Global Gold, Natural Resources & Income Trust (GGN) ROE vs. Peers

How is GGN’s ROE compared to its peers?

GAMCO Global Gold, Natural Resources & Income Trust’s ROE is greater than The Gabelli Global Small and Mid Cap Value Trust (-0.96%), less than The Gabelli Convertible and Income Securities Fund Inc. (9.50%), less than MFS Investment Grade Municipal Trust (3.44%), less than Virtus Convertible & Income 2024 Target Term Fund (21.86%), less than Eaton Vance National Municipal Opportunities Trust (11.25%), less than The Gabelli Multimedia Trust Inc. (14.43%), less than The Gabelli Equity Trust Inc. (17.75%), less than The Gabelli Healthcare & Wellness Trust (0.22%), less than The Gabelli Dividend & Income Trust (12.62%), less than Western Asset Global High Income Fund Inc. (17.73%), less than Western Asset High Income Opportunity Fund Inc. (12.68%), less than BNY Mellon High Yield Strategies Fund (19.15%), less than Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (28.66%), less than Virtus Convertible & Income Fund II (2.20%), greater than The Gabelli Utility Trust (-6.64%), less than Virtus Equity & Convertible Income Fund (14.63%), less than Calamos Strategic Total Return Fund (20.66%),

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