Pershing Gold Corporation (NASDAQ:PGLC)‘s stock had its “buy” rating restated by investment analysts at Noble Financial in a note issued to investors on Monday.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Pershing Gold Corporation from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a research note on Wednesday, August 9th. Roth Capital set a $6.00 price objective on shares of Pershing Gold Corporation and gave the company a “buy” rating in a research note on Monday, June 12th.

Shares of Pershing Gold Corporation (PGLC) opened at 3.03 on Monday. Pershing Gold Corporation has a 12 month low of $2.60 and a 12 month high of $4.90. The firm’s market capitalization is $86.06 million. The firm’s 50 day moving average is $2.93 and its 200-day moving average is $2.92.

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In related news, Director Barry C. Honig acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was bought at an average price of $2.76 per share, with a total value of $27,600.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders have bought 25,911 shares of company stock valued at $72,078. Corporate insiders own 39.84% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of PGLC. Cambridge Investment Research Advisors Inc. increased its position in 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. increased its stake in Pershing Gold Corporation by 5.0% in the second quarter. Vanguard Group Inc. now owns 614,718 shares of the basic materials company’s stock worth $1,715,000 after buying an additional 29,018 shares during the period. Spark Investment Management LLC increased its stake in Pershing Gold Corporation by 100.0% in the first quarter. Spark Investment Management LLC now owns 110,000 shares of the basic materials company’s stock worth $312,000 after buying an additional 55,000 shares during the period. Aegis Financial Corp increased its stake in 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 during the period. Finally, Ruffer LLP increased its stake in 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 during the period. 19.28% of the stock is owned by institutional investors.

About Pershing Gold Corporation

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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