GAMCO Natural Resources, Gold & Income Trust (GNT)
The GAMCO Natural Resources, Gold & Income Trust (GNT) operates as a closed-end equity fund, established by GAMCO Investors, Inc. and managed by Gabelli Funds, LLC. This fund primarily seeks investment opportunities in publicly traded companies across global markets. Its core focus lies in businesses engaged within the natural resources and gold sectors. To generate income, the Trust employs a strategy of selling covered call options on the equity securities it holds. When constructing its portfolio, the fund takes into account a range of valuation criteria, including recent pricing of comparable publicly listed securities, dependable valuations for privately held companies, the application of various financial models, insights from current analyst reports, and an assessment of the issuer's income or cash flow. Should these methods not apply, the acquisition cost becomes the determining factor. The fund's investments span companies of all sizes, from small to large market capitalizations. Its investment performance is benchmarked against several indices: the CBOE S&P 500 Buy/Write Index, the Philadelphia Gold & Silver Index, the Dow Jones U.S. Basic Materials Index, and the S&P Global Agribusiness Equity Index. Formed on January 27, 2011, and based in the United States, the fund was previously identified as Gabelli Natural Resources, Gold & Income Trust.
Industry: Asset Management - Income
GAMCO Natural Resources, Gold & Income Trust
NYSE:GNTFinancial Services · Asset Management - Income
+0.24%$8.23
AH Close$8.23+0.00%vs close
AH Close$8.23+0.00%vs close
Mkt Cap$133.21M
Float16.19M
O/S16.19M
Inst Own21.4%
Div Yield8.51%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$14.13M
Net Income$46.85M
Total Assets$173.55M
Free Cash Flow$0
Debt & Equity
Debt 1%
Equity 84%
Preferred 15%
Total Debt$1.58M
Total Equity$162.97M
Preferred Stock$28.72M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in GNT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$173.55M
Liabilities$10.58M
Accounts Receivable$211K
Accounts Payable$21K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Revenue | $14.13M | $10.61M | $13.77M | $2.04M | $10.33M | $6.53M | $23.82M | -$14.52M | $13.84M | -$54.86M | -$22.04M |
| YoY Growth | 33.2% | -23.0% | 575.1% | -80.3% | 58.2% | -72.6% | -264.0% | -204.9% | -125.2% | 148.9% | - |
| Cost of Revenue | $1.81M | $1.69M | $1.72M | $1.66M | $704 | $1.62M | $1.84M | $1.83M | $1.67M | $1.68M | $1.79M |
| Gross Profit | $12.31M | $8.91M | $12.04M | $381K | $10.33M | $4.91M | $21.98M | -$16.35M | $12.18M | -$56.54M | -$23.83M |
| Gross Margin | 87.2% | 84.0% | 87.5% | 18.7% | 100.0% | 75.2% | 92.3% | 112.6% | 87.9% | 103.1% | 108.1% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $494K | $706K | $608K | $619K | $743K | $569K | $620K | $480K | $0 | $0 |
| Other | -$34.49M | $134K | $172K | $48K | $7K | $5.79M | $34K | $15K | $260 | $87.47M | $5.94M |
| Total Operating Expenses | -$34.49M | $628K | $878K | $657K | $625K | $6.53M | $603K | $636K | $480K | $87.47M | $5.94M |
| Operating Income (EBIT) | $46.8M | $5.26M | $9.6M | $5.74M | $9.71M | $5.72M | $23.21M | -$15.15M | $13.39M | $30.94M | -$29.77M |
| Operating Margin | 331.3% | 49.6% | 69.7% | 281.5% | 93.9% | 87.6% | 97.5% | 104.4% | 96.7% | -56.4% | 135.1% |
| Interest Expense | $0 | $5K | $669 | $463 | $704 | $233 | $105 | $101 | $23K | $0 | $0 |
| Interest Income | $4.34M | $2.2M | $1.74M | $675K | $69K | $195K | $635K | $664K | $116K | $0 | $0 |
| Other Income (Expense) | $49K | $1K | -$1K | $26K | -$32K | $4K | $0 | -$101 | $11K | -$16K | -$167K |
| Income Before Tax (EBT) | $46.85M | $5.26M | $9.6M | $5.74M | $9.71M | $5.72M | $23.21M | -$15.15M | $13.36M | $30.92M | -$29.94M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$53K | $0 | $0 |
| Net Income | $46.85M | $5.26M | $9.6M | $5.74M | $9.71M | $5.72M | $23.21M | -$15.15M | $13.36M | $30.92M | -$29.94M |
| Net Income Margin | 331.6% | 49.6% | 69.7% | 281.5% | 93.9% | 87.6% | 97.5% | 104.4% | 96.5% | -56.4% | 135.9% |
| Supplementary Data | |||||||||||
| EPS | 2.79 | 0.21 | 0.47 | 0.23 | 0.43 | 0.21 | 1.04 | -0.65 | 0.64 | 1.48 | -1.43 |
| Diluted EPS | 2.79 | 0.21 | 0.47 | 0.23 | 0.43 | 0.21 | 1.04 | -0.65 | 0.64 | 1.48 | -1.43 |
| Weighted Average OS | 16.19M | 16.25M | 17.26M | 18.35M | 18.96M | 19.83M | 20.90M | 23.21M | 20.44M | 20.86M | 20.95M |
| EBITDA | $46.85M | $5.26M | $9.6M | $5.74M | $9.71M | $5.72M | $23.21M | -$15.15M | $13.39M | $30.94M | -$29.77M |
| EBITDA Margin | 331.6% | 49.6% | 69.7% | 281.5% | 93.9% | 87.6% | 97.5% | 104.4% | 96.7% | -56.4% | 135.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $319K | $0 | $4K | $70K | $516K | $53K | $1.33M | $9K | $337K | $2K | $4.44M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $319K | $0 | $4K | $70K | $516K | $53K | $1.33M | $9K | $337K | $2K | $4.44M |
| Accounts Receivable | $211K | $2.09M | $2.13M | $3.83M | $327K | $725K | $190K | $5.11M | $262K | $166K | $85K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $1.53M | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | -$2.09M | $3K | $0 | $0 | -$53K | -$1.53M | -$5.12M | -$599K | -$168K | -$4.53M |
| Total Current Assets | $530K | $6K | $2.13M | $3.9M | $843K | $725K | $1.52M | $5.12M | $599K | $0 | $0 |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $170.43M | $135.21M | $129.79M | $138.37M | $150.82M | $159.35M | $166.09M | $162.31M | $191.82M | $0 | $135.61M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $2.59M | -$135.21M | $862K | $143.49M | $151.9M | $0 | $0 | -$162.31M | -$191.82M | $5.96M | $30K |
| Total Long-Term Assets | $173.02M | $137.36M | $130.65M | $138.37M | $150.82M | $159.35M | $166.09M | $162.31M | $191.82M | $0 | $0 |
| Other Assets | $0 | $137.37M | $132.79M | $1.29M | $746K | $2.95M | $1.61M | $620K | $155K | $167.01M | $140.17M |
| Total Assets | $173.55M | $137.37M | $132.79M | $143.57M | $152.41M | $163.02M | $169.22M | $168.04M | $192.58M | $167.01M | $140.17M |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $21K | $26K | $76K | $427K | $1.12M | $3.43M | $21K | $7.94M | $597K | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $303K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | -$227K | -$293K | -$186K | -$401K | -$2.46M | -$2.75M | -$3.43M | -$3.32M | -$303K | $0 |
| Total Current Liabilities | $208K | $227K | $76K | $427K | $1.12M | $3.43M | $21K | $7.94M | $597K | $303K | $0 |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $1.58M | $935K | $0 | $32 | $3K | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $9M | $39.01M | $31.08M | $35.74M | $36.49M | $0 | $0 | $0 | $0 | $17.68M | $4.26M |
| Total Long-Term Liabilities | $10.58M | $39.95M | $31.08M | $35.74M | $3K | $16.15M | $11.22M | $18.99M | $13.91M | $17.68M | $4.26M |
| Other Liabilities | $0 | $39.98M | -$76K | $35.32M | $36.89M | $25.83M | $29.31M | $21.65M | $29.4M | $0 | $0 |
| Total Liabilities | $10.58M | $39.98M | $4.04M | $36.17M | $38.02M | $45.4M | $40.55M | $48.58M | $43.91M | $17.98M | $4.26M |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $28.72M | $0 | $27.11M | $0 | $29.25M | $29.25M | $29.33M | $29.59M | $30M | $0 | $0 |
| Common Stock | $192.88M | $198.4M | $204.82M | $217.96M | $228.67M | $240.24M | $256.14M | $269.17M | $281.98M | $0 | $0 |
| Retained Earnings | -$58.64M | -$101.01M | -$103.19M | -$110.57M | -$114.28M | -$122.62M | -$127.48M | -$149.71M | -$219K | -$145.07M | -$175.28M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | -$26.99M | -$59.17M | -$60M | $0 | $0 |
| Other Stockholders' Equity | $28.72M | $0 | $27.11M | $0 | $0 | $0 | $0 | $0 | -$133.09M | $294.1M | $311.19M |
| Total Equity | $162.97M | $97.39M | $128.74M | $107.39M | $114.4M | $117.62M | $128.67M | $119.47M | $148.67M | $149.03M | $135.91M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $173.55M | $137.37M | $132.79M | $143.57M | $152.41M | $163.02M | $169.22M | $168.04M | $192.58M | $167.01M | $140.17M |
| Supplementary Data | |||||||||||
| Total Debt | $1.58M | $935K | $0 | $32 | $3K | $0 | $0 | $0 | $0 | $303K | $0 |
| Net Debt | $1.26M | $935K | -$4K | -$70K | -$513K | -$53K | -$1.33M | -$9K | -$337K | $302K | -$4.44M |
Cash Flow Statement
| Period | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | ||||
| Net Income | $5.74M | $9.71M | $5.72M | $23.21M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||
| Accounts Receivable | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | -$5.74M | -$9.71M | -$5.72M | -$23.21M |
| Net Cash from Operating | $0 | $0 | $0 | $0 |
| Investing Activities | ||||
| Capital Expenditures | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 |
| Financing Activities | ||||
| Debt Repaid | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $0 | $0 | $0 | $0 |
| Forex Effect | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$446K | $463K | -$1.28M | $1.33M |
| Supplementary Data | ||||
| Operating Cash Flow | $0 | $0 | $0 | $0 |
| Capital Expenditure | $0 | $0 | $0 | $0 |
| Free Cash Flow | $0 | $0 | $0 | $0 |
| Cash at Beginning | $516K | $53K | $1.33M | $9K |
| Cash at End | $70K | $516K | $53K | $1.33M |