News coverage about Pershing Gold (NASDAQ:PGLC) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pershing Gold earned a news impact score of 0.17 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 44.8761615719109 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
PGLC stock opened at $1.97 on Friday. Pershing Gold has a fifty-two week low of $1.86 and a fifty-two week high of $3.31. The stock has a market capitalization of $64.23, a price-to-earnings ratio of -3.94 and a beta of 0.86.
A number of brokerages have recently issued reports on PGLC. Zacks Investment Research downgraded Pershing Gold from a “hold” rating to a “sell” rating in a report on Friday. HC Wainwright reissued a “buy” rating and issued a $8.75 target price on shares of Pershing Gold in a report on Wednesday, January 24th. Finally, ValuEngine raised Pershing Gold from a “strong sell” rating to a “sell” rating in a report on Monday, April 2nd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Pershing Gold presently has an average rating of “Hold” and a consensus price target of $6.08.
In related news, Director Barry C. Honig purchased 19,050 shares of Pershing Gold stock in a transaction on Friday, February 2nd. The stock was acquired at an average price of $2.16 per share, for a total transaction of $41,148.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barry C. Honig purchased 20,000 shares of Pershing Gold stock in a transaction on Friday, January 12th. The stock was bought at an average price of $2.43 per share, with a total value of $48,600.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 145,557 shares of company stock worth $321,453. 36.80% of the stock is owned by corporate 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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