Tearsheet

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0  Weak multi-year price returns
2Y Excs Rtn is -68%, 3Y Excs Rtn is -80%
High stock price volatility
Vol 12M is 862%
0 Weak multi-year price returns
2Y Excs Rtn is -68%, 3Y Excs Rtn is -80%
1 High stock price volatility
Vol 12M is 862%

Market Valuation & Key Metrics

BGL Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
BGL Return0%0%0%0%0%-3%14%
Peers Return38%-9%-6%-3%-0%79%102%
S&P 500 Return16%27%-19%24%23%16%110%

Monthly Win Rates [3]
BGL Win Rate0%0%0%0%0%11% 
Peers Win Rate37%35%38%40%37%71% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
BGL Max Drawdown0%0%0%0%0%0% 
Peers Max Drawdown-19%-22%-26%-19%-17%-0% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: B, FNV, FSM, NAMM, NEM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/30/2025 (YTD)

How Low Can It Go

Unique KeyEventBGLS&P 500
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-31.6%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven46.2%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven6037 days1480 days

Compare to B, FNV, FSM, NAMM, NEM


In The Past

Blue Gold's stock fell -31.6% during the 2008 Global Financial Crisis from a high on 4/16/2008. A -31.6% loss requires a 46.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Blue Gold (BGL)

Trade Ideas

Select past ideas related to BGL. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
AXTA_9302025_Dip_Buyer_FCFYield09302025AXTAAxalta Coating SystemsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.0%3.0%-7.8%
GPK_9302025_Dip_Buyer_ValueBuy09302025GPKGraphic PackagingDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-16.8%-16.8%-16.8%
FCX_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025FCXFreeport-McMoRanMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
8.0%8.0%-0.9%
KWR_7312025_Dip_Buyer_FCFYield07312025KWRQuaker HoughtonDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
14.5%14.5%0.0%
TGLS_6302025_Quality_Momentum_RoomToRun_10%06302025TGLSTecnoglassQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
-23.1%-23.1%-23.3%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
AXTA_9302025_Dip_Buyer_FCFYield09302025AXTAAxalta Coating SystemsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.0%3.0%-7.8%
GPK_9302025_Dip_Buyer_ValueBuy09302025GPKGraphic PackagingDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-16.8%-16.8%-16.8%
FCX_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025FCXFreeport-McMoRanMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
8.0%8.0%-0.9%
KWR_7312025_Dip_Buyer_FCFYield07312025KWRQuaker HoughtonDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
14.5%14.5%0.0%
TGLS_6302025_Quality_Momentum_RoomToRun_10%06302025TGLSTecnoglassQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
-23.1%-23.1%-23.3%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Blue Gold

Financials

BGLBFNVFSMNAMMNEMMedian
NameBlue GoldBarrick .Franco-N.Fortuna .Namib Mi.Newmont  
Mkt Price6.3833.06188.908.261.9282.3120.66
Mkt Cap0.156.736.42.5-90.336.4
Rev LTM-13,8241,3341,098-21,5037,579
Op Inc LTM-5,351911322-9,3593,131
FCF LTM---938238-6,122238
FCF 3Y Avg--42113-2,636113
CFO LTM--1,176437-9,2241,176
CFO 3Y Avg--1,017324-5,6161,017

Growth & Margins

BGLBFNVFSMNAMMNEMMedian
NameBlue GoldBarrick .Franco-N.Fortuna .Namib Mi.Newmont  
Rev Chg LTM-16.9%18.1%26.8%-26.6%22.4%
Rev Chg 3Y Avg-5.9%0.7%16.8%-23.9%11.3%
Rev Chg Q-16.4%42.0%47.4%-20.0%31.0%
QoQ Delta Rev Chg LTM-3.9%8.9%7.2%-4.5%5.9%
Op Mgn LTM-38.7%68.3%29.4%-43.5%41.1%
Op Mgn 3Y Avg-29.4%63.5%19.4%-23.9%26.7%
QoQ Delta Op Mgn LTM-3.2%1.6%2.9%-4.5%3.0%
CFO/Rev LTM--88.1%39.8%-42.9%42.9%
CFO/Rev 3Y Avg--82.3%36.2%-32.6%36.2%
FCF/Rev LTM---70.3%21.7%-28.5%21.7%
FCF/Rev 3Y Avg--6.5%10.5%-13.8%10.5%

Valuation

BGLBFNVFSMNAMMNEMMedian
NameBlue GoldBarrick .Franco-N.Fortuna .Namib Mi.Newmont  
Mkt Cap0.156.736.42.5-90.336.4
P/S-4.127.32.3-4.24.2
P/EBIT-9.936.38.1-8.69.3
P/E-20.546.416.1-12.618.3
P/CFO--31.05.8-9.89.8
Total Yield-5.8%2.7%6.2%-9.2%6.0%
Dividend Yield0.0%0.9%0.5%0.0%-1.2%0.5%
FCF Yield 3Y Avg--0.4%5.4%-3.6%3.6%
D/E0.10.00.00.1-0.10.1
Net D/E0.10.0-0.0-0.1--0.0-0.0

Returns

BGLBFNVFSMNAMMNEMMedian
NameBlue GoldBarrick .Franco-N.Fortuna .Namib Mi.Newmont  
1M Rtn-31.2%0.9%-15.3%-7.8%-41.6%-2.4%-11.5%
3M Rtn-51.7%57.4%18.8%28.1%-51.5%33.0%23.4%
6M Rtn-3.3%82.0%14.5%38.8%-61.1%38.8%
12M Rtn-3.3%68.6%40.0%61.6%-78.9%61.6%
3Y Rtn-3.3%136.8%57.8%197.1%-112.8%112.8%
1M Excs Rtn-33.9%-3.6%-16.7%-8.7%-40.9%-5.9%-12.7%
3M Excs Rtn-57.7%46.2%7.7%19.9%-64.3%22.6%13.8%
6M Excs Rtn-25.1%60.2%-7.2%17.1%-39.4%17.1%
12M Excs Rtn-20.5%52.1%23.1%44.2%-56.5%44.2%
3Y Excs Rtn-80.1%56.5%-17.5%116.1%-34.0%34.0%

Financials

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity102,028
Short Interest: % Change Since 9302025-60.0%
Average Daily Volume118,827
Days-to-Cover Short Interest1
Basic Shares Quantity8,990,123
Short % of Basic Shares1.1%

SEC Filings

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Report DateFiling DateFiling
6302025102120256-K 6/30/2025
63020242132025424B3 6/30/2024
33120249262024F-4/A 3/31/2024

Insider Activity

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