Zacks Research Forecasts Blue Gold FY2030 Earnings

Blue Gold Limited (NASDAQ:BGL) – Equities research analysts at Zacks Research issued their FY2030 earnings estimates for Blue Gold in a research note issued on Wednesday, June 10th. Zacks Research analyst T. Kerr forecasts that the company will earn $0.34 per share for the year. The consensus estimate for Blue Gold’s current full-year earnings is $0.20 per share.

Blue Gold (NASDAQ:BGL) last issued its quarterly earnings data on Wednesday, April 29th. The company reported ($0.48) earnings per share for the quarter.

Separately, Weiss Ratings downgraded shares of Blue Gold from a “sell (e+)” rating to a “sell (e)” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Blue Gold has an average rating of “Sell”.

Blue Gold Stock Performance

BGL stock opened at $0.50 on Thursday. The company’s 50-day simple moving average is $0.96 and its 200 day simple moving average is $1.98. Blue Gold has a 52 week low of $0.50 and a 52 week high of $166.50.

Hedge Funds Weigh In On Blue Gold

Institutional investors and hedge funds have recently modified their holdings of the business. HRT Financial LP acquired a new position in shares of Blue Gold in the fourth quarter valued at about $26,000. Jane Street Group LLC acquired a new position in shares of Blue Gold in the fourth quarter valued at about $26,000. Renaissance Technologies LLC acquired a new stake in Blue Gold during the first quarter worth about $35,000. Quadrature Capital Ltd acquired a new stake in Blue Gold during the fourth quarter worth about $65,000. Finally, Rathbones Group PLC acquired a new stake in Blue Gold during the third quarter worth about $107,000. 24.62% of the stock is currently owned by institutional investors and hedge funds.

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.