On January 6, Saba Capital Management, L.P., a major shareholder in ASA Gold and Precious Metals Limited, acquired an additional 3,280 shares in a single transaction valued at approximately $202,704. Following this purchase, Saba’s total holding in the company rose to 5,412,545 shares—an increase of roughly 0.06% in its overall position—bringing the estimated value of its stake to about $334.5 million. The acquisition was formally disclosed in an SEC filing, fulfilling regulatory requirements for shareholders owning at least 10% of the company’s outstanding shares.

This latest transaction builds on a series of strategic purchases by Saba Capital during the final weeks of December and early January. Between December 22 and January 7, the firm executed nine separate buys, adding nearly 56,000 shares in total and deploying over $3.8 million of capital. These sequential acquisitions underscore Saba’s growing conviction in ASA Gold and Precious Metals’ dividend yield and exposure to the precious metals sector, as the firm steadily increased its exposure despite volatility in commodity markets.

Wall Street analysts are bullish on ASA Gold and Precious Metals, with Weiss Ratings maintaining a buy recommendation in late December. Market consensus reflects a single “Buy” rating, signaling confidence in the company’s diversified portfolio of bullion holdings and mining equity positions. On the institutional front, several hedge funds and advisory firms have initiated or expanded positions: Medici Capital established a new stake valued at over $5.2 million in the second quarter, while Atria Wealth Solutions increased its holding by more than 30%, representing an additional 2,350 shares. Fruth Investment Management, Wolverine Asset Management and other firms have also shown interest, collectively injecting roughly $8 million into the company’s shares over the past two quarters.