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Equities research analysts at HC Wainwright initiated coverage on shares of Pershing Gold Corp (NASDAQ:PGLC) in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

In other Pershing Gold Corp news, Director Barry C. Honig acquired 500,000 shares of Pershing Gold Corp stock in a transaction dated Wednesday, January 29th. The shares were purchased at an average cost of $0.39 per share, for a total transaction of $195,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Pershing Gold Corp (NASDAQ:PGLC) opened at 0.367 on Thursday. Pershing Gold Corp has a 52-week low of $0.31 and a 52-week high of $0.55. The stock has a 50-day moving average of $0.36 and a 200-day moving average of $0.3. The company’s market cap is $100.3 million.

Pershing Gold Corporation, formerly Sagebrush Gold Ltd., is an exploration-stage gold and minerals exploration company focused on searching for gold and other mineral resources and seeking out exploration and development targets.

The Fly On The Wall

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