Barry C. Honig Buys 28,500 Shares of Pershing Gold Corporation (PGLC) Stock
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.
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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