Pershing Gold Corporation (NASDAQ:PGLC) Director Barry C. Honig acquired 10,000 shares of Pershing Gold Corporation stock in a transaction that occurred on Thursday, September 7th. The stock was acquired at an average price of $3.01 per share, with a total value of $30,100.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Pershing Gold Corporation (PGLC) traded up 2.33% during midday trading on Friday, reaching $3.08. The company had a trading volume of 1,907 shares. Pershing Gold Corporation has a 1-year low of $2.60 and a 1-year high of $4.85. The firm has a 50-day moving average of $3.03 and a 200 day moving average of $2.90. The company’s market capitalization is $87.48 million.

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PGLC has been the subject of several research analyst reports. Roth Capital set a $6.00 price objective on Pershing Gold Corporation and gave the stock a “buy” rating in a report on Wednesday, May 24th. Zacks Investment Research downgraded Pershing Gold Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Finally, Noble Financial reiterated a “buy” rating on shares of Pershing Gold Corporation in a report on Monday, August 21st.

A number of institutional investors have recently added to or reduced their stakes in PGLC. Spark Investment Management LLC increased its holdings in shares of 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 valued at $312,000 after purchasing an additional 55,000 shares during the period. Aegis Financial Corp increased its holdings 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 valued at $624,000 after purchasing an additional 96,683 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings 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 valued at $900,000 after purchasing an additional 15,919 shares during the period. Ruffer LLP increased its holdings 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 valued at $1,347,000 after purchasing an additional 310,405 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of 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 valued at $1,715,000 after purchasing an additional 29,018 shares during the period. Institutional investors own 19.73% of the company’s stock.

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.

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

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