News headlines about Pershing Gold (NASDAQ:PGLC) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pershing Gold earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 44.7166559191044 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Pershing Gold (NASDAQ PGLC) traded up $0.01 during trading on Thursday, hitting $2.42. The stock had a trading volume of 86,487 shares, compared to its average volume of 108,561. The company has a market capitalization of $85.19, a price-to-earnings ratio of -4.57 and a beta of 0.88. Pershing Gold has a twelve month low of $2.26 and a twelve month high of $3.45.
Pershing Gold (NASDAQ:PGLC) last released its earnings results on Monday, November 13th. The basic materials company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. equities analysts expect that Pershing Gold will post -0.45 EPS for the current year.
Several equities analysts have weighed in on the company. Zacks Investment Research lowered Pershing Gold from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Noble Financial restated a “buy” rating on shares of Pershing Gold in a report on Wednesday, November 15th. Finally, HC Wainwright reiterated a “buy” rating and issued a $10.00 price objective on shares of Pershing Gold in a research note on Tuesday, October 31st.
In related news, Director Barry C. Honig acquired 18,493 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were bought at an average cost of $2.88 per share, with a total value of $53,259.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barry C. Honig acquired 15,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were bought at an average cost of $2.41 per share, for a total transaction of $36,150.00. Following the completion of the acquisition, the director now directly owns 2,386,313 shares of the company’s stock, valued at approximately $5,751,014.33. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 315,912 shares of company stock worth $836,723. 36.80% of the stock is owned by company 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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