Pershing Gold Corporation (NASDAQ:PGLC) Director Barry C. Honig purchased 28,500 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were bought at an average cost of $2.54 per share, for a total transaction of $72,390.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Pershing Gold Corporation (NASDAQ:PGLC) opened at $2.58 on Tuesday. Pershing Gold Corporation has a twelve month low of $2.47 and a twelve month high of $3.49.

Pershing Gold (NASDAQ:PGLC) last posted its earnings results on Monday, November 13th. The basic materials company reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. equities analysts predict that Pershing Gold Corporation will post -0.45 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Pershing Gold stock. Cambridge Investment Research Advisors Inc. grew its position in Pershing Gold Corporation (NASDAQ:PGLC) by 42.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 450,624 shares of the basic materials company’s stock after purchasing an additional 133,640 shares during the period. Cambridge Investment Research Advisors Inc. owned about 1.59% of Pershing Gold worth $1,257,000 at the end of the most recent reporting period. 19.49% of the stock is owned by institutional investors.

Several research firms have recently commented on PGLC. 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 reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Pershing Gold in a research note on Tuesday, October 31st. Finally, Noble Financial reaffirmed a “buy” rating on shares of Pershing Gold in a research note on Wednesday, November 15th.

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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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