Pershing Gold Corp (PGLC) Director Barry C. Honig Acquires 12,786 Shares

Pershing Gold Corp (NASDAQ:PGLC) Director Barry C. Honig acquired 12,786 shares of Pershing Gold stock in a transaction dated Wednesday, February 7th. The stock was purchased at an average cost of $2.17 per share, with a total value of $27,745.62. Following the completion of the purchase, the director now owns 2,449,178 shares of the company’s stock, valued at $5,314,716.26. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Pershing Gold Corp (NASDAQ PGLC) traded up $0.01 during trading hours on Thursday, hitting $2.17. 28,173 shares of the company’s stock were exchanged, compared to its average volume of 114,430. Pershing Gold Corp has a 1-year low of $2.10 and a 1-year high of $3.40. The stock has a market cap of $72.79, a PE ratio of -4.00 and a beta of 0.84.

Pershing Gold (NASDAQ:PGLC) last issued its quarterly earnings data on Monday, November 13th. The basic materials company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. analysts forecast that Pershing Gold Corp will post -0.39 earnings per share for the current year.

Several equities analysts recently weighed in on PGLC shares. Zacks Investment Research raised shares of Pershing Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. HC Wainwright reissued a “buy” rating and issued a $8.75 price objective on shares of Pershing Gold in a research note on Wednesday, January 24th. Finally, Noble Financial reissued a “buy” rating on shares of Pershing Gold in a research note on Wednesday, November 15th.

An institutional investor recently raised its position in Pershing Gold stock. Vanguard Group Inc. grew its holdings in Pershing Gold Corp (NASDAQ:PGLC) by 5.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 614,718 shares of the basic materials company’s stock after buying an additional 29,018 shares during the period. Vanguard Group Inc. owned approximately 2.16% of Pershing Gold worth $1,715,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 16.49% of the company’s stock.

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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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