Wall Street analysts predict that Pershing Gold Corp (NASDAQ:PGLC) will announce earnings per share of ($0.06) for the current quarter, Zacks reports. Zero analysts have provided estimates for Pershing Gold’s earnings, with the highest EPS estimate coming in at ($0.05) and the lowest estimate coming in at ($0.07). Pershing Gold posted earnings of ($0.21) per share during the same quarter last year, which would indicate a positive year over year growth rate of 71.4%. The company is expected to announce its next earnings results on Friday, March 30th.

On average, analysts expect that Pershing Gold will report full year earnings of ($0.45) per share for the current fiscal year, with EPS estimates ranging from ($0.58) to ($0.37). For the next financial year, analysts forecast that the firm will report earnings of ($0.30) per share, with EPS estimates ranging from ($0.37) to ($0.23). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Pershing Gold.

Pershing Gold (NASDAQ:PGLC) last issued its earnings results on Monday, November 13th. The basic materials company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01.

A number of brokerages recently commented on PGLC. Zacks Investment Research lowered Pershing Gold from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Noble Financial restated a “buy” rating on shares of Pershing Gold in a research note on Wednesday, November 15th. Finally, HC Wainwright restated a “buy” rating and issued a $10.00 target price on shares of Pershing Gold in a research note on Tuesday, October 31st.

In related news, Director Barry C. Honig acquired 64,000 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was purchased at an average cost of $2.36 per share, for a total transaction of $151,040.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Barry C. Honig acquired 15,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were bought at an average price of $2.41 per share, with a total value of $36,150.00. Following the completion of the purchase, the director now directly owns 2,386,313 shares of the company’s stock, valued at $5,751,014.33. The disclosure for this purchase can be found here. Insiders purchased 315,912 shares of company stock valued at $836,723 over the last 90 days. 36.80% of the stock is currently owned by corporate insiders.

A hedge fund recently raised its stake in Pershing Gold stock. Vanguard Group Inc. boosted its stake in shares of Pershing Gold Corp (NASDAQ:PGLC) by 5.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 614,718 shares of the basic materials company’s stock after acquiring an additional 29,018 shares during the quarter. Vanguard Group Inc. owned 2.16% of Pershing Gold worth $1,715,000 as of its most recent SEC filing. 19.49% of the stock is owned by institutional investors and hedge funds.

Shares of Pershing Gold (PGLC) traded down $0.02 during midday trading on Friday, hitting $2.40. The company had a trading volume of 163,264 shares, compared to its average volume of 164,875. The firm has a market capitalization of $68.73, a price-to-earnings ratio of -4.44 and a beta of 0.90. Pershing Gold has a twelve month low of $2.26 and a twelve month high of $3.40.

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About Pershing Gold

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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