Blue Gold (NASDAQ:BGL) Stock Picked Up by Analysts at Zacks Research

Equities researchers at Zacks Research initiated coverage on shares of Blue Gold (NASDAQ:BGL) in a report issued 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 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Blue Gold Trading Down 3.5%

Shares of BGL opened at $0.10 on Wednesday. Blue Gold has a 1-year low of $0.08 and a 1-year high of $6.52. The company has a 50-day moving average of $0.17 and a 200 day moving average of $0.80.

Blue Gold (NASDAQ:BGL) last released its quarterly earnings data on Thursday, October 8th. The company reported ($0.12) earnings per share (EPS) for the quarter. Equities research analysts predict that Blue Gold will post -0.21 EPS for the current year.

Institutional Trading of Blue Gold

A hedge fund recently bought a new position in Blue Gold stock. Renaissance Technologies LLC bought a new position in shares of Blue Gold Limited (NASDAQ:BGL) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 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 reporting period. 24.62% of the stock is owned by institutional investors.

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.