Stock Rating Downgrade
In recent days the Value Trend Rating for ASA Gold and Precious Metals Ltd (NYSE: ASA) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 3/8/24, ASA Gold and Precious Metals Ltd (NYSE: ASA) stock declined slightly by -0.3%, closing at $14.99. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 11.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, ASA is expected to continue to be Value Creation neutral.
ASA Gold and Precious Metals has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ASA Gold and Precious Metals has a neutral Power Rating of 44 and a neutral Appreciation Score of 40, with the Negative Value Trend Rating the result.
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