SeekingAlpha · Sep 12, 2026
ASA: Change Of Mandate For This CEF
ASA is undergoing a major mandate shift from a gold/miners CEF to a credit-focused BDC managed by Saba. Read more on why I rate ASA a Buy.
AS
NYSE · ASA
ASA Gold and Precious Metals Limited
Financial Services · Asset Management
$57.42
Down-$1.20 (-2.05%)
Updated Sep 16, 2026, 11:12 AM
SID Score
3.5/10
Composite research score
Smart Money
—
Institutional and insider signal
- Market cap
- 1.53B
- P/E ratio
- 1.93
- Dividend yield
- 0.10%
- 52-week range
- $47.52 – $74.86
- Volume
- 97.01K
- Avg. volume
- 127.22K
Price performance
ASA price history
1M range · 20 trading sessions · Daily adjusted prices
ASA closed at $57.42 after 20 trading sessions, down 0.51% for the selected period.
- Last close
- $57.42
- Period change
- -0.51%
- Period low
- $57.42
- Period high
- $65.38
Daily close
View OHLC price history
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Sep 15, 2026 | $58.94 | $59.4999 | $57.42 | $57.42 | 97.01K |
| Sep 14, 2026 | $59.28 | $59.81 | $57.8501 | $58.62 | 38.25K |
| Sep 11, 2026 | $61.62 | $62.25 | $60.645 | $60.83 | 35.73K |
| Sep 10, 2026 | $61.70 | $62.18 | $60.015 | $60.27 | 50.88K |
| Sep 9, 2026 | $63.43 | $64.015 | $62.3801 | $62.96 | 83.33K |
| Sep 8, 2026 | $62.55 | $65.7898 | $62.0002 | $62.15 | 91.41K |
| Sep 4, 2026 | $63.62 | $67.2499 | $62.45 | $63.085 | 55.34K |
| Sep 3, 2026 | $67.25 | $67.25 | $64.24 | $65.38 | 45.85K |
| Sep 2, 2026 | $62.98 | $64.145 | $62.98 | $63.73 | 48.93K |
| Sep 1, 2026 | $62.22 | $63.7699 | $60.37 | $61.20 | 69.82K |
| Aug 31, 2026 | $63.13 | $67.99 | $63.00 | $63.80 | 60.38K |
| Aug 28, 2026 | $65.48 | $66.29 | $62.96 | $63.51 | 77.53K |
| Aug 27, 2026 | $64.81 | $65.82 | $63.4222 | $65.29 | 43.31K |
| Aug 26, 2026 | $63.60 | $64.90 | $63.60 | $64.34 | 50.46K |
| Aug 25, 2026 | $63.14 | $64.76 | $62.22 | $64.60 | 21.94K |
| Aug 24, 2026 | $63.72 | $64.2799 | $62.40 | $63.47 | 45.38K |
| Aug 21, 2026 | $64.09 | $64.09 | $62.54 | $63.27 | 55.63K |
| Aug 20, 2026 | $61.47 | $63.6169 | $61.47 | $62.31 | 39.89K |
| Aug 19, 2026 | $60.18 | $62.57 | $60.18 | $62.25 | 48.99K |
| Aug 18, 2026 | $58.57 | $59.14 | $57.685 | $57.715 | 27.77K |
Latest ASA news
The latest Smart Investors Daily articles mentioning ASA.
Stock researchCompany · Overview
ASA research
Overview
Company profile and research snapshot.
Company profile
ASA Gold And Precious Metals Ltd is a closed-end, non-diversified investment company. Its objective is to provide long-term capital appreciation through investing in companies engaged in the exploration for, development of projects, or mining of precious metals and minerals.
Visit company websiteAnalyst outlook
Consensus and target data currently published for this company.
- Consensus
- —
- Average target
- —
- Implied upside
- —
- Analysts
- —
News briefing
Generated Sep 15, 2026, 9:02 PM
Why Is ASA Down Today?
ASA Gold and Precious Metals Limited declined 2.05% ($1.20) today as investors digest news of a significant change to the closed-end fund's investment mandate. The shift in strategic direction has sparked mixed reactions in the market, with shareholders weighing the potential benefits against uncertainty about the fund's repositioned focus.
Bottom line: ASA's mandate change is creating near-term uncertainty that has pressured the stock, but the strategic repositioning could present a longer-term opportunity if execution is solid. Investors should review the specific details of the new mandate, understand the transition timeline and costs, and evaluate whether the revised focus aligns with their precious metals exposure objectives.
Yahoo · Sep 8, 2026
Axel Merk Calls on ASA Board to Give Shareholders Liquidity at Nav Before Saba BDC Conversion
Investors should tell the Board now: liquidity first, restructuring laterPALO ALTO, Calif., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Axel Merk, a shareholder of more than 300,000 shares of ASA Gold and Precious Metals Limited (NYSE: ASA), today called on ASA’s Board to provide shareholders with a meaningful opportunity to exit at or near net asset value (NAV) before asking them to approve the proposed conversion of ASA into a Saba-managed business development company (“BDC”) and pay the related costs:
Yahoo · Sep 4, 2026
ASA Gold and Precious Metals Limited Announces Board Approval of Proposed Conversion to Business Development Company
PORTLAND, Maine, September 04, 2026--Based on the unanimous recommendation of its Special Committee, the Board of Directors (the "Board") of ASA Gold and Precious Metals Limited (NYSE: ASA) (the "Company") is pleased to announce that it has approved a proposal to convert the Company from a registered closed-end investment company focused on the gold and precious-metals sector into a business development company ("BDC") with a yield-oriented, credit-focused strategy (the "BDC Conversion").
Benzinga · Sep 4, 2026
ASA Gold And Precious Metals Board Approves Conversion To Yield‑Focused Business Development Company
BDC Conversion to Create an Income-Focused ASA Designed to Enhance Shareholder ValueBoard Votes to Select Saba as New Investment ManagerBased on the unanimous recommendation of its Special Committee, the Board of
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