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

Blue Gold (NASDAQ:BGL) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

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

Blue Gold Stock Down 6.8%

Shares of BGL stock opened at $2.45 on Friday. The stock has a fifty day moving average price of $4.81. Blue Gold has a 1 year low of $2.45 and a 1 year high of $166.50.

Hedge Funds Weigh In On Blue Gold

Institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp purchased a new position in Blue Gold during the third quarter valued at $4,202,000. Qube Research & Technologies Ltd acquired a new position in shares of Blue Gold during the 3rd quarter worth about $303,000. Millennium Management LLC purchased a new position in Blue Gold in the 3rd quarter valued at about $107,000. Finally, Rathbones Group PLC acquired a new stake in Blue Gold in the 3rd quarter worth about $107,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

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.