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

Research analysts at Zacks Research began coverage on shares of Blue Gold (NASDAQ:BGL) in a note issued to investors on Wednesday, Zacks reports. The brokerage set a “hold” rating on the stock.

Separately, Weiss Ratings upgraded Blue Gold from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, October 14th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Blue Gold Price Performance

Shares of BGL stock opened at $0.10 on Wednesday. Blue Gold has a 52-week low of $0.08 and a 52-week high of $6.52. The company’s 50 day moving average is $0.17 and its 200 day moving average is $0.80.

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

Institutional Trading of Blue Gold

An institutional investor recently bought a new position in Blue Gold stock. Renaissance Technologies LLC purchased a new stake in Blue Gold Limited (NASDAQ:BGL) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 29,254 shares of the company’s stock, valued at approximately $35,000. Renaissance Technologies LLC owned approximately 0.09% of Blue Gold as of its most recent filing with the SEC. Hedge funds and other institutional investors own 24.62% of the company’s stock.

About Blue Gold

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.