Insider Buying: Pershing Gold Corporation (PGLC) Director Purchases $53,259.84 in Stock
Pershing Gold Corporation (NASDAQ:PGLC) Director Barry C. Honig purchased 18,493 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was bought at an average cost of $2.88 per share, for a total transaction of $53,259.84. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Pershing Gold Corporation (PGLC) traded up $0.05 during mid-day trading on Friday, reaching $2.92. The company had a trading volume of 144,131 shares, compared to its average volume of 60,673.
COPYRIGHT VIOLATION NOTICE: This story was first published by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.watchlistnews.com/insider-buying-pershing-gold-corporation-pglc-director-purchases-53259-84-in-stock/1680315.html.
Several brokerages recently commented on PGLC. Zacks Investment Research lowered Pershing Gold Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Noble Financial reaffirmed a “buy” rating on shares of Pershing Gold Corporation in a research note on Monday, August 21st. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $10.00 price target on shares of Pershing Gold Corporation in a research note on Tuesday, October 31st.
An institutional investor recently raised its position in Pershing Gold Corporation stock. Cambridge Investment Research Advisors Inc. boosted its stake in Pershing Gold Corporation (NASDAQ:PGLC) by 42.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 450,624 shares of the basic materials company’s stock after buying an additional 133,640 shares during the quarter. Cambridge Investment Research Advisors Inc. owned approximately 1.59% of Pershing Gold Corporation worth $1,257,000 at the end of the most recent quarter. 19.73% of the stock is currently owned by hedge funds and other institutional investors.
Pershing Gold Corporation Company Profile
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.
Receive News & Ratings for Pershing Gold Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pershing Gold Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.