Insider Buying: Pershing Gold Corp (PGLC) Director Acquires 20,000 Shares of Stock
Pershing Gold Corp (NASDAQ:PGLC) Director Barry C. Honig purchased 20,000 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was purchased at an average cost of $2.43 per share, with a total value of $48,600.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
Pershing Gold Corp (PGLC) traded down $0.02 during trading on Tuesday, hitting $2.40. 163,200 shares of the stock traded hands, compared to its average volume of 114,622. Pershing Gold Corp has a twelve month low of $2.26 and a twelve month high of $3.40. The stock has a market cap of $68.17, a PE ratio of -4.44 and a beta of 0.90.
Pershing Gold (NASDAQ:PGLC) last posted its quarterly earnings results on Monday, November 13th. The basic materials company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. analysts forecast that Pershing Gold Corp will post -0.45 earnings per share for the current year.
Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Pershing Gold from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Noble Financial reissued a “buy” rating on shares of Pershing Gold in a research note on Wednesday, November 15th. Finally, HC Wainwright reissued a “buy” rating and issued a $10.00 price target on shares of Pershing Gold in a research note on Tuesday, October 31st.
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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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