Somewhat Positive Media Coverage Somewhat Unlikely to Impact Pershing Gold Corporation (PGLC) Share Price
Press coverage about Pershing Gold Corporation (NASDAQ:PGLC) has been trending somewhat positive on Saturday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Pershing Gold Corporation earned a daily sentiment score of 0.02 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 44.8673037505581 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Technical Trading: Following Shares of Pershing Gold Corp (PGLC.TO) – Lockport Press (lockportpress.com)
- Pershing Gold Corporation (NASDAQ:PGLC) Experiences Light Trading Volume – First News 24 (firstnewspaper24.com)
- Reviewing Pershing Gold Corporation (PGLC) and Barrick Gold Corporation (ABX) (americanbankingnews.com)
- Head-To-Head Analysis: Pershing Gold Corporation (PGLC) and Newmont Mining Corp (NEM) (americanbankingnews.com)
Shares of Pershing Gold Corporation (NASDAQ:PGLC) traded up 1.64% on Friday, reaching $3.09. The company’s stock had a trading volume of 72,276 shares. The company’s 50 day moving average is $3.01 and its 200-day moving average is $2.90. Pershing Gold Corporation has a 1-year low of $2.60 and a 1-year high of $4.45. The stock’s market cap is $87.76 million.
PGLC has been the topic of several research reports. Zacks Investment Research raised Pershing Gold Corporation from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a research report on Wednesday, August 9th. Roth Capital set a $6.00 target price on Pershing Gold Corporation and gave the stock a “buy” rating in a research report on Monday, June 12th. Finally, Noble Financial reaffirmed a “buy” rating on shares of Pershing Gold Corporation in a research report on Monday, August 21st.
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In other news, Director Barry C. Honig purchased 10,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were bought at an average cost of $3.01 per share, for a total transaction of $30,100.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Barry C. Honig purchased 14,000 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was purchased at an average price of $2.97 per share, for a total transaction of $41,580.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 67,901 shares of company stock worth $202,471. Corporate insiders own 39.84% of the company’s stock.
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.
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