Several brokerages have updated their recommendations and price targets on shares of Pershing Gold Corporation (NASDAQ: PGLC) in the last few weeks:

  • 8/24/2017 – Pershing Gold Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Pershing Gold Corporation is engaged in the exploration and development of gold and precious metal properties primarily in Nevada. The Company focuses on the exploration of Relief Canyon properties located in Pershing County in northwestern Nevada. Pershing Gold Corporation is based in Lakewood, Colorado. “
  • 8/21/2017 – Pershing Gold Corporation had its “buy” rating reaffirmed by analysts at Noble Financial.
  • 8/15/2017 – Pershing Gold Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Pershing Gold Corporation is engaged in the exploration and development of gold and precious metal properties primarily in Nevada. The Company focuses on the exploration of Relief Canyon properties located in Pershing County in northwestern Nevada. Pershing Gold Corporation is based in Lakewood, Colorado. “
  • 8/9/2017 – Pershing Gold Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $3.25 price target on the stock. According to Zacks, “Pershing Gold Corporation is engaged in the exploration and development of gold and precious metal properties primarily in Nevada. The Company focuses on the exploration of Relief Canyon properties located in Pershing County in northwestern Nevada. Pershing Gold Corporation is based in Lakewood, Colorado. “

Shares of Pershing Gold Corporation (PGLC) opened at 3.18 on Wednesday. The company has a 50 day moving average of $2.96 and a 200 day moving average of $2.92. The stock’s market cap is $90.32 million. Pershing Gold Corporation has a 12 month low of $2.60 and a 12 month high of $4.90.

In other news, Director Barry C. Honig bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The shares were bought at an average cost of $2.76 per share, for a total transaction of $27,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last quarter, insiders purchased 25,911 shares of company stock worth $72,078. 39.84% of the stock is owned by company insiders.

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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