Pershing Gold (PGLC) Earns Coverage Optimism Rating of 0.17
News articles about Pershing Gold (NASDAQ:PGLC) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pershing Gold earned a news impact score of 0.17 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 45.258677158769 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Pershing Gold from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Noble Financial reiterated a “buy” rating on shares of Pershing Gold in a report on Wednesday, November 15th. Finally, HC Wainwright reiterated a “buy” rating and set a $10.00 price target on shares of Pershing Gold in a report on Tuesday, October 31st.
Pershing Gold (PGLC) opened at $2.88 on Tuesday. Pershing Gold has a fifty-two week low of $2.60 and a fifty-two week high of $3.72.
Pershing Gold (NASDAQ:PGLC) last issued its quarterly earnings results on Monday, November 13th. The basic materials company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. equities analysts anticipate that Pershing Gold will post -0.45 earnings per share for the current year.
In other news, Director Barry C. Honig bought 14,000 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was acquired at an average price of $2.97 per share, with a total value of $41,580.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barry C. Honig bought 65,000 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were purchased at an average cost of $2.72 per share, with a total value of $176,800.00. The disclosure for this purchase can be found here. Insiders have purchased 240,713 shares of company stock valued at $690,861 in the last three months. 36.80% of the stock is owned by insiders.
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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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