GNT Stock Summary and Trading Ideas (Gamco Natural Resources Gold & Income Trust | NYSE:GNT)

The Fund’s primary investment objective is to provide a high level of current income from interest, dividends, and option premiums. The Fund’s secondary investment objective is to seek capital appreciation consistent with the Fund’s strategy and its primary objective. The Fund will attempt to achieve its objectives, under normal market conditions, by investing at least 80% of its assets in equity securities of companies principally engaged in the natural resources and gold industries. As part of its investment strategy, the Fund intends to generate current income from short term gains through an option strategy of writing (selling) covered call options of the equity securities in its portfolio. The Fund may invest in the securities of companies located anywhere in the world.

Gamco Natural Resources Gold & Income Trust trades on the NYSE stock market under the symbol GNT.

As of April 18, 2024, GNT stock price declined to $5.23 with 80,649 million shares trading.

GNT has a beta of 0.40, meaning it tends to be less sensitive to market movements. GNT has a correlation of 0.08 to the broad based SPY ETF.

GNT has a market cap of $86.26 million. This is considered a Micro Cap stock.

In the last 3 years, GNT stock traded as high as $6.00 and as low as $4.12.

GNT stock has underperformed the market in the last year with a return of +5.5%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GNT shares. However, GNT has outperformed the market in the last 3 month and 2 week periods, returning +6.8% and -0.6%, while SPY returned +6.1% and -3.8%, respectively. This indicates GNT has been having a stronger performance recently.

GNT support price is $5.19 and resistance is $5.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GNT stock will trade within this expected range on the day.