Pershing Gold Corporation (NASDAQ:PGLC) Director Barry C. Honig purchased 10,000 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were acquired at an average price of $2.93 per share, for a total transaction of $29,300.00. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Shares of Pershing Gold Corporation (NASDAQ PGLC) opened at 2.95 on Friday. The firm’s market cap is $83.79 million. Pershing Gold Corporation has a 52 week low of $2.60 and a 52 week high of $4.80. The stock has a 50 day moving average of $3.00 and a 200 day moving average of $2.89.

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A number of equities research analysts have weighed in on PGLC shares. Noble Financial reiterated a “buy” rating on shares of Pershing Gold Corporation in a research note on Thursday, June 8th. Zacks Investment Research downgraded shares of Pershing Gold Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Finally, Roth Capital set a $6.00 price target on shares of Pershing Gold Corporation and gave the stock a “buy” rating in a research note on Monday, June 12th.

A number of hedge funds have recently bought and sold shares of PGLC. Spark Investment Management LLC increased its position in Pershing Gold Corporation by 100.0% during the 1st quarter. Spark Investment Management LLC now owns 110,000 shares of the basic materials company’s stock worth $312,000 after buying an additional 55,000 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Pershing Gold Corporation by 5.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 316,984 shares of the basic materials company’s stock worth $900,000 after purchasing an additional 15,919 shares in the last quarter. Aegis Financial Corp grew its holdings in shares of Pershing Gold Corporation by 78.6% during the 1st quarter. Aegis Financial Corp now owns 219,652 shares of the basic materials company’s stock worth $624,000 after purchasing an additional 96,683 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Pershing Gold Corporation by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 614,718 shares of the basic materials company’s stock worth $1,715,000 after purchasing an additional 29,018 shares in the last quarter. 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.

Insider Buying and Selling by Quarter for Pershing Gold Corporation (NASDAQ:PGLC)

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