Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for ASA Gold and Precious Metals Ltd (NYSE: ASA) improved recently. ASA’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
ASA Gold and Precious Metals Ltd (NYSE: ASA) stock closed at $13.88 on 3/1/24 after a large increase of 3.6%. However, this advance was accompanied by exceptionally low trading volume at 46% of normal. The stock has risen 2.0% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
ASA’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
ASA Gold and Precious Metals has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. ASA Gold and Precious Metals has a neutral Appreciation Score of 45 and a neutral Power Rating of 44, producing the Low Neutral Value Trend Rating.
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