Pershing Gold Corporation (PGLC) Director Barry C. Honig Acquires 18,493 Shares
Pershing Gold Corporation (NASDAQ:PGLC) Director Barry C. Honig bought 18,493 shares of Pershing Gold Corporation stock in a transaction on Wednesday, November 1st. The shares were acquired at an average cost of $2.88 per share, for a total transaction of $53,259.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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A number of research analysts have recently issued reports on PGLC shares. Zacks Investment Research downgraded shares of Pershing Gold Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. HC Wainwright reiterated a “buy” rating and set a $10.00 target price on shares of Pershing Gold Corporation in a research report on Tuesday. Finally, Noble Financial reiterated a “buy” rating on shares of Pershing Gold Corporation in a research report on Monday, August 21st.
A hedge fund recently raised its stake in Pershing Gold Corporation stock. Cambridge Investment Research Advisors Inc. raised its position in shares of Pershing Gold Corporation (NASDAQ:PGLC) by 42.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 450,624 shares of the basic materials company’s stock after purchasing an additional 133,640 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 1.59% of Pershing Gold Corporation worth $1,257,000 as of its most recent SEC filing. Hedge funds and other 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.
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