Zacks Research Initiates Coverage on Blue Gold (NASDAQ:BGL)

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 raised Blue Gold from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Blue Gold Price Performance

Shares of Blue Gold 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 business has a 50 day moving average price of $0.17 and a 200-day moving average price of $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. As a group, equities research analysts expect that Blue Gold will post -0.21 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Blue Gold stock. Renaissance Technologies LLC purchased a new position in shares of Blue Gold Limited (NASDAQ:BGL) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,254 shares of the company’s stock, valued at approximately $35,000. Renaissance Technologies LLC owned about 0.09% of Blue Gold as of its most recent filing with the Securities and Exchange Commission (SEC). 24.62% of the stock is currently 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.