On January 6, Saba Capital Management, L.P., a major shareholder in ASA Gold and Precious Metals Limited, acquired an additional 3,280 shares of the company’s common stock at an average cost of $61.80 per share, representing a total investment of $202,704. Following this transaction, Saba Capital’s total ownership rose to 5,412,545 shares, increasing its position by approximately 0.06%. This purchase was disclosed in an SEC filing, as required for shareholders holding 10% or more of the company’s outstanding shares.

This latest acquisition capped off a sustained buying campaign by Saba Capital, which, since December 22, executed a series of nine purchases totaling 56,244 shares. During this period, the insider’s average cost per share ranged from $58.81 to $61.92. On the trading floor, ASA shares ticked up by roughly 1.5% in early January, reflecting growing investor interest prompted by the concentrated accumulation by a top stakeholder.

On December 29, Weiss Ratings reaffirmed its “Buy (b)” rating on ASA, marking continued confidence in the firm’s outlook. According to data compiled by MarketBeat, the sole analyst covering ASA maintains a consensus Buy recommendation. This aligns with the recent insider purchases and supports the view that the company’s diversified precious metals exposure remains attractive in the current market environment.

In addition to Saba Capital’s active trading, several institutional investors have initiated and expanded positions in ASA during the past two quarters. Medici Capital LLC deployed approximately $5.2 million for a new stake, while Wolverine Asset Management and Atria Wealth Solutions added positions valued at about $1.2 million and $0.3 million, respectively. ASA Gold and Precious Metals, established in 1959 and domiciled in Guernsey, operates as a closed-end investment company focused on delivering dividend income and long-term appreciation by blending equity holdings in mining firms with direct bullion allocations.