Equities research analysts predict that Pershing Gold Corporation (NASDAQ:PGLC) will announce earnings of ($0.14) per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Pershing Gold Corporation’s earnings, with the lowest EPS estimate coming in at ($0.16) and the highest estimate coming in at ($0.11). Pershing Gold Corporation reported earnings per share of ($0.12) during the same quarter last year, which suggests a negative year-over-year growth rate of 16.7%. The company is scheduled to report its next quarterly earnings report on Friday, August 11th.

According to Zacks, analysts expect that Pershing Gold Corporation will report full-year earnings of ($0.49) per share for the current financial year, with EPS estimates ranging from ($0.58) to ($0.41). For the next year, analysts expect that the business will post earnings of ($0.01) per share, with EPS estimates ranging from ($0.91) to $0.47. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Pershing Gold Corporation.

A number of equities analysts have commented on the stock. Roth Capital set a $6.00 target price on shares of Pershing Gold Corporation and gave the stock a “buy” rating in a report on Tuesday, February 28th. Noble Financial reiterated a “buy” rating on shares of Pershing Gold Corporation in a report on Thursday, June 8th. Zacks Investment Research lowered Pershing Gold Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, March 4th. Finally, HC Wainwright restated a “buy” rating and set a $9.75 price target on shares of Pershing Gold Corporation in a research note on Thursday, April 6th.

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Shares of Pershing Gold Corporation (NASDAQ PGLC) opened at 2.89 on Wednesday. Pershing Gold Corporation has a 12 month low of $2.60 and a 12 month high of $5.02. The stock’s market capitalization is $82.08 million. The company’s 50-day moving average is $2.82 and its 200 day moving average is $3.08.

In other Pershing Gold Corporation news, Director Barry C. Honig purchased 20,400 shares of the company’s stock in a transaction dated Tuesday, April 18th. The shares were acquired at an average price of $2.82 per share, for a total transaction of $57,528.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barry C. Honig bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The stock was purchased at an average price of $2.81 per share, for a total transaction of $28,100.00. The disclosure for this purchase can be found here. Insiders have bought 70,174 shares of company stock worth $198,818 in the last 90 days. Insiders own 39.84% of the company’s stock.

A number of large investors have recently modified their holdings of PGLC. Aegis Financial Corp raised its stake in shares of Pershing Gold Corporation by 78.6% in the first quarter. Aegis Financial Corp now owns 219,652 shares of the basic materials company’s stock worth $624,000 after buying an additional 96,683 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Pershing Gold Corporation by 5.7% in the first quarter. Geode Capital Management LLC now owns 122,372 shares of the basic materials company’s stock worth $347,000 after buying an additional 6,612 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Pershing Gold Corporation by 5.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 316,984 shares of the basic materials company’s stock worth $900,000 after buying an additional 15,919 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Pershing Gold Corporation by 9.7% in the first quarter. Vanguard Group Inc. now owns 585,700 shares of the basic materials company’s stock worth $1,663,000 after buying an additional 51,845 shares in the last quarter. Finally, Ruffer LLP raised its stake in shares of Pershing Gold Corporation by 213.5% in the first quarter. Ruffer LLP now owns 455,826 shares of the basic materials company’s stock worth $1,347,000 after buying an additional 310,405 shares in the last quarter. Hedge funds and other institutional investors own 19.45% of the company’s stock.

Pershing Gold Corporation 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.

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