Pershing Gold Corporation (NASDAQ:PGLC) Director Barry C. Honig purchased 18,100 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were acquired at an average cost of $2.38 per share, for a total transaction of $43,078.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Pershing Gold Corporation (NASDAQ PGLC) opened at $2.38 on Wednesday. The stock has a market capitalization of $67.68, a PE ratio of -4.49 and a beta of 0.87. Pershing Gold Corporation has a fifty-two week low of $2.26 and a fifty-two week high of $3.49.

Pershing Gold (NASDAQ:PGLC) last posted its quarterly earnings data on Monday, November 13th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, topping 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.

A number of research analysts recently issued reports on PGLC shares. Noble Financial reiterated a “buy” rating on shares of Pershing Gold in a report on Wednesday, November 15th. HC Wainwright reiterated a “buy” rating and set a $10.00 price objective on shares of Pershing Gold in a report on Tuesday, October 31st. Finally, Zacks Investment Research downgraded Pershing Gold from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th.

A hedge fund recently raised its stake in Pershing Gold stock. Vanguard Group Inc. increased its position in shares of Pershing Gold Corporation (NASDAQ:PGLC) by 5.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 614,718 shares of the basic materials company’s stock after buying an additional 29,018 shares during the quarter. Vanguard Group Inc. owned 2.16% of Pershing Gold worth $1,715,000 as of its most recent SEC filing. Institutional investors and hedge funds own 19.49% of the company’s stock.

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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.

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