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

Blue Gold (NASDAQ:BGL) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

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

Blue Gold Stock Performance

NASDAQ:BGL opened at $2.45 on Friday. Blue Gold has a fifty-two week low of $2.45 and a fifty-two week high of $166.50. The firm’s 50-day simple moving average is $4.81.

Institutional Investors Weigh In On Blue Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Rathbones Group PLC bought a new position in Blue Gold during the third quarter valued at approximately $107,000. Millennium Management LLC acquired a new position in shares of Blue Gold during the 3rd quarter worth $107,000. Qube Research & Technologies Ltd bought a new position in shares of Blue Gold during the 3rd quarter valued at $303,000. Finally, Van ECK Associates Corp acquired a new stake in shares of Blue Gold in the 3rd quarter valued at $4,202,000. 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.