Pershing Gold Corp (NASDAQ:PGLC) Director Barry C. Honig purchased 15,079 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were bought at an average price of $2.42 per share, for a total transaction of $36,491.18. Following the acquisition, the director now owns 2,416,392 shares in the company, valued at $5,847,668.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Pershing Gold Corp (NASDAQ PGLC) opened at $2.42 on Friday. The stock has a market capitalization of $69.02, a PE ratio of -4.48 and a beta of 0.90. Pershing Gold Corp has a 1 year low of $2.26 and a 1 year high of $3.40.
Pershing Gold (NASDAQ:PGLC) last released its quarterly earnings data on Monday, November 13th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. research analysts predict that Pershing Gold Corp will post -0.45 EPS for the current year.
A hedge fund recently raised its stake in Pershing Gold stock. Vanguard Group Inc. lifted its position in Pershing Gold Corp (NASDAQ:PGLC) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 614,718 shares of the basic materials company’s stock after purchasing an additional 29,018 shares during the quarter. Vanguard Group Inc. owned approximately 2.16% of Pershing Gold worth $1,715,000 at the end of the most recent quarter. Institutional investors and hedge funds own 19.49% of the company’s stock.
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.
Receive News & Ratings for Pershing Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pershing Gold and related companies with MarketBeat.com's FREE daily email newsletter.