Pershing Gold Corporation (NASDAQ:PGLC) Director Barry C. Honig purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average cost of $3.00 per share, for a total transaction of $15,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Pershing Gold Corporation (NASDAQ PGLC) traded down 3.2852% during midday trading on Thursday, hitting $2.9498. 10,273 shares of the stock traded hands. The company’s 50 day moving average price is $3.00 and its 200-day moving average price is $2.89. Pershing Gold Corporation has a 12-month low of $2.60 and a 12-month high of $4.80. The stock’s market cap is $83.78 million.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised 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 acquiring an additional 29,018 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Pershing Gold Corporation by 42.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 450,624 shares of the basic materials company’s stock worth $1,257,000 after acquiring an additional 133,640 shares during the period. Aegis Financial Corp raised 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 acquiring an additional 96,683 shares during the period. Ruffer LLP raised its holdings in shares of Pershing Gold Corporation by 213.5% during the 1st quarter. Ruffer LLP now owns 455,826 shares of the basic materials company’s stock worth $1,347,000 after acquiring an additional 310,405 shares during the period. Finally, Spark Investment Management LLC raised its holdings in shares of 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 acquiring an additional 55,000 shares during the period. Institutional investors and hedge funds own 19.73% of the company’s stock.

A number of research firms recently issued reports on PGLC. Zacks Investment Research raised shares of Pershing Gold Corporation from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a research note on Wednesday, August 9th. Roth Capital set a $6.00 price target on shares of Pershing Gold Corporation and gave the company a “buy” rating in a research note on Monday, June 12th. Finally, Noble Financial reaffirmed a “buy” rating on shares of Pershing Gold Corporation in a research note on Thursday, June 8th.

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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