Blue Gold (NASDAQ:BGL) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Blue Gold (NASDAQ:BGL) from a sell rating to a hold rating in a research report report published on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Blue Gold in a report on Thursday, October 30th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Blue Gold presently has an average rating of “Sell”.

Blue Gold Trading Down 6.8%

BGL opened at $2.45 on Friday. The company has a fifty day moving average price of $4.81. Blue Gold has a 52 week low of $2.45 and a 52 week high of $166.50.

Institutional Trading of Blue Gold

Several institutional investors and hedge funds have recently made changes to their positions in BGL. Van ECK Associates Corp purchased a new stake in Blue Gold in the 3rd quarter worth $4,202,000. Qube Research & Technologies Ltd acquired a new stake in shares of Blue Gold in the third quarter worth approximately $303,000. Millennium Management LLC acquired a new stake in shares of Blue Gold in the third quarter worth approximately $107,000. Finally, Rathbones Group PLC purchased a new stake in shares of Blue Gold during the third quarter worth approximately $107,000. 24.62% of the stock is currently owned by 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.