Pershing Gold Corporation (PGLC) Director Purchases $36,150.00 in Stock
Pershing Gold Corporation (NASDAQ:PGLC) Director Barry C. Honig acquired 15,000 shares of Pershing Gold stock in a transaction dated Tuesday, January 2nd. The stock was bought at an average price of $2.41 per share, for a total transaction of $36,150.00. Following the completion of the purchase, the director now owns 2,386,313 shares of the company’s stock, valued at approximately $5,751,014.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Pershing Gold Corporation (NASDAQ PGLC) opened at $2.51 on Friday. Pershing Gold Corporation has a 52 week low of $2.26 and a 52 week high of $3.48.
Pershing Gold (NASDAQ:PGLC) last posted its quarterly earnings results on Monday, November 13th. The basic materials company reported ($0.09) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.01. equities analysts expect that Pershing Gold Corporation will post -0.45 EPS for the current fiscal year.
An institutional investor recently raised its position in Pershing Gold stock. Vanguard Group Inc. raised its holdings in Pershing Gold Corporation (NASDAQ:PGLC) by 5.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 614,718 shares of the basic materials company’s stock after buying an additional 29,018 shares during the period. Vanguard Group Inc. owned about 2.16% of Pershing Gold worth $1,715,000 as of its most recent SEC filing. 19.49% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on PGLC. HC Wainwright reiterated a “buy” rating and issued a $10.00 price objective on shares of Pershing Gold in a research note on Tuesday, October 31st. Zacks Investment Research upgraded Pershing Gold from a “hold” rating to a “buy” rating and set a $3.25 price objective on the stock in a research note on Saturday, November 18th. Finally, Noble Financial reiterated a “buy” rating on shares of Pershing Gold in a research note on Wednesday, November 15th.
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Pershing Gold 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.
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