Barry C. Honig Buys 20,000 Shares of Pershing Gold Corp (PGLC) Stock

Pershing Gold Corp (NASDAQ:PGLC) Director Barry C. Honig acquired 20,000 shares of Pershing Gold stock in a transaction that occurred on Friday, January 12th. The shares were purchased at an average cost of $2.43 per share, with a total value of $48,600.00. The purchase was disclosed in a filing with the SEC, which is available at this link.

Pershing Gold Corp (PGLC) opened at $2.43 on Thursday. The company has a market cap of $69.02, a P/E ratio of -4.50 and a beta of 0.90. Pershing Gold Corp has a 12 month low of $2.26 and a 12 month high of $3.40.

Pershing Gold (NASDAQ:PGLC) last issued its quarterly earnings data on Monday, November 13th. The basic materials company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. analysts predict that Pershing Gold Corp will post -0.45 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Pershing Gold stock. Vanguard Group Inc. raised its stake in shares of Pershing Gold Corp (NASDAQ:PGLC) by 5.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 614,718 shares of the basic materials company’s stock after purchasing 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 filing with the Securities and Exchange Commission (SEC). 19.49% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on PGLC shares. Zacks Investment Research raised shares of Pershing Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price objective on shares of Pershing Gold in a research note on Tuesday, October 31st. Finally, Noble Financial reaffirmed a “buy” rating on shares of Pershing Gold in a research note on Wednesday, November 15th.

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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.

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

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