Blue Gold (NASDAQ:BGL) Now Covered by Zacks Research

Zacks Research started coverage on shares of Blue Gold (NASDAQ:BGL) in a research note published on Wednesday morning,Zacks reports. The firm issued a hold rating on the stock.

Separately, Weiss Ratings upgraded Blue Gold from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, October 14th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Blue Gold Stock Down 3.5%

Blue Gold stock opened at $0.10 on Wednesday. The firm’s fifty day moving average price is $0.17 and its two-hundred day moving average price is $0.80. Blue Gold has a 1-year low of $0.08 and a 1-year high of $6.52.

Blue Gold (NASDAQ:BGL) last posted its earnings results on Thursday, October 8th. The company reported ($0.12) EPS for the quarter. Analysts anticipate that Blue Gold will post -0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Blue Gold

A hedge fund recently bought a new position in Blue Gold stock. Renaissance Technologies LLC acquired a new stake in shares of Blue Gold Limited (NASDAQ:BGL) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 29,254 shares of the company’s stock, valued at approximately $35,000. Renaissance Technologies LLC owned approximately 0.09% of Blue Gold at the end of the most recent quarter. 24.62% of the stock is owned by hedge funds and other institutional investors.

Blue Gold Company Profile

Blue Gold Limited is a gold mining company developing a portfolio of assets anchored by the historic Bogoso Prestea Mine in the Ashanti region of Ghana. Blue Gold Limited, formerly known as Perception Capital Corp. IV, is based in NEW YORK.