Pershing Gold (PGLC) vs. The Competition Financial Analysis
Pershing Gold (NASDAQ: PGLC) is one of 61 publicly-traded companies in the “Gold Mining” industry, but how does it weigh in compared to its competitors? We will compare Pershing Gold to related companies based on the strength of its profitability, risk, dividends, valuation, earnings, analyst recommendations and institutional ownership.
This is a summary of recent ratings and price targets for Pershing Gold and its competitors, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Pershing Gold Competitors||471||1833||2142||50||2.39|
Pershing Gold presently has a consensus target price of $8.00, suggesting a potential upside of 178.75%. As a group, “Gold Mining” companies have a potential upside of 52.97%. Given Pershing Gold’s stronger consensus rating and higher probable upside, analysts plainly believe Pershing Gold is more favorable than its competitors.
This table compares Pershing Gold and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Pershing Gold Competitors||-2,998.75%||-8.66%||-3.99%|
Volatility & Risk
Pershing Gold has a beta of 0.91, meaning that its stock price is 9% less volatile than the S&P 500. Comparatively, Pershing Gold’s competitors have a beta of -0.14, meaning that their average stock price is 114% less volatile than the S&P 500.
Institutional and Insider Ownership
19.6% of Pershing Gold shares are owned by institutional investors. Comparatively, 44.2% of shares of all “Gold Mining” companies are owned by institutional investors. 36.8% of Pershing Gold shares are owned by company insiders. Comparatively, 7.9% of shares of all “Gold Mining” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Earnings & Valuation
This table compares Pershing Gold and its competitors revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Pershing Gold||N/A||-$15.63 million||-5.31|
|Pershing Gold Competitors||$2.41 billion||-$32.21 million||171.98|
Pershing Gold’s competitors have higher revenue, but lower earnings than Pershing Gold. Pershing Gold is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Pershing Gold beats its competitors on 7 of the 12 factors compared.
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. Gold Acquisition Corp. owns and is engaged in conducting exploration on the Relief Canyon Mine property in northwestern Nevada. The Company is engaged in conducting exploration on the Relief Canyon expansion properties. The Relief Canyon Mine includes approximately three open pit mines, heap leach pads consisting of approximately six cells, approximately two solution ponds and a cement block constructed adsorption desorption-recovery (ADR) solution processing circuit. The Pershing Pass property includes approximately 490 lode mining claims. The Company has not generated any revenues.
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