Pershing Gold Corp (NASDAQ:PGLC) Director Barry C. Honig Buys 28,500 Shares

Pershing Gold Corp (NASDAQ:PGLC) Director Barry C. Honig acquired 28,500 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were acquired at an average price of $2.54 per share, for a total transaction of $72,390.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Pershing Gold Corp (PGLC) traded down $0.02 on Friday, reaching $2.40. 163,264 shares of the company’s stock traded hands, compared to its average volume of 114,622. The firm has a market capitalization of $85.19, a P/E ratio of -4.53 and a beta of 0.88. Pershing Gold Corp has a 52 week low of $2.26 and a 52 week high of $3.40.

Pershing Gold (NASDAQ:PGLC) last announced its earnings results on Monday, November 13th. The basic materials company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. analysts anticipate that Pershing Gold Corp will post -0.45 EPS for the current year.

A number of research firms have recently issued reports on PGLC. Zacks Investment Research downgraded shares of Pershing Gold from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Noble Financial reiterated a “buy” rating on shares of Pershing Gold in a research note on Wednesday, November 15th. Finally, HC Wainwright reiterated a “buy” rating and set a $10.00 price objective on shares of Pershing Gold in a research note on Tuesday, October 31st.

A hedge fund recently raised its stake in Pershing Gold stock. Cambridge Investment Research Advisors Inc. grew its stake in Pershing Gold Corp (NASDAQ:PGLC) by 42.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 450,624 shares of the basic materials company’s stock after buying an additional 133,640 shares during the period. Cambridge Investment Research Advisors Inc. owned 1.59% of Pershing Gold worth $1,257,000 at the end of the most recent quarter. 19.49% of the stock is currently owned by institutional investors.

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Pershing Gold Company Profile

Pershing Gold Corporation is a gold and precious metals exploration company. The Company focuses on exploration, development and mining opportunities in Nevada. The Company is focused on exploration at its Relief Canyon properties in Pershing County in northwestern Nevada. The Company operates its business directly and also through its subsidiary, Gold Acquisition Corp.

Insider Buying and Selling by Quarter for Pershing Gold (NASDAQ:PGLC)

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