Pershing Gold Corporation (PGLC) Director Buys $14,500.00 in Stock

Pershing Gold Corporation (NASDAQ:PGLC) Director Barry C. Honig purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The shares were purchased at an average cost of $2.90 per share, with a total value of $14,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Pershing Gold Corporation (NASDAQ PGLC) opened at 2.91 on Friday. Pershing Gold Corporation has a 52 week low of $2.60 and a 52 week high of $4.41. The company’s market capitalization is $82.65 million. The company’s 50-day moving average price is $2.98 and its 200-day moving average price is $2.91.

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An institutional investor recently raised its position in Pershing Gold Corporation stock. Cambridge Investment Research Advisors Inc. boosted its position in shares of Pershing Gold Corporation (NASDAQ:PGLC) by 42.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 450,624 shares of the basic materials company’s stock after buying an additional 133,640 shares during the period. Cambridge Investment Research Advisors Inc. owned 1.59% of Pershing Gold Corporation worth $1,257,000 at the end of the most recent quarter. 19.73% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on the company. Zacks Investment Research lowered Pershing Gold Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Noble Financial reissued a “buy” rating on shares of Pershing Gold Corporation in a research note on Monday, August 21st.

Pershing Gold Corporation 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.

Insider Buying and Selling by Quarter for Pershing Gold Corporation (NASDAQ:PGLC)

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