Pershing Gold Corp (PGLC) Director Acquires $151,040.00 in Stock

Pershing Gold Corp (NASDAQ:PGLC) Director Barry C. Honig bought 64,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was bought at an average cost of $2.36 per share, for a total transaction of $151,040.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Pershing Gold Corp (NASDAQ PGLC) opened at $2.40 on Friday. Pershing Gold Corp has a 1-year low of $2.26 and a 1-year high of $3.40. The company has a market cap of $85.19, a P/E ratio of -4.53 and a beta of 0.88.

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

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Pershing Gold from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a research report on Saturday, November 18th. HC Wainwright reissued a “buy” rating and issued a $10.00 target price on shares of Pershing Gold in a research report on Tuesday, October 31st. Finally, Noble Financial reissued a “buy” rating on shares of Pershing Gold in a research report on Wednesday, November 15th.

An institutional investor recently raised its position in Pershing Gold stock. Vanguard Group Inc. grew its position in shares of Pershing Gold Corp (NASDAQ:PGLC) by 5.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 614,718 shares of the basic materials company’s stock after purchasing an additional 29,018 shares during the period. Vanguard Group Inc. owned approximately 2.16% of Pershing Gold worth $1,715,000 as of its most recent SEC filing. 19.49% of the stock is owned by hedge funds and other 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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