Pershing Gold Corporation (PGLC) Earns Coverage Optimism Score of -0.08
Media headlines about Pershing Gold Corporation (NASDAQ:PGLC) have been trending somewhat negative recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pershing Gold Corporation earned a media sentiment score of -0.08 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Unusual Activity Spotted in Pershing Gold Corporation (PGLC.TO) – Sparta Review (spartareview.com)
- -$0.14 Earnings Per Share Expected for Pershing Gold Corporation (NASDAQ:PGLC) This Quarter (americanbankingnews.com)
- Watching the Indicators for Pershing Gold Corporation (NASDAQ:PGLC) – Sparta Review (spartareview.com)
- Director of Pershing Gold Corporation (NASDAQ:PGLC), Honig Barry C, buys 10,000 shares worth $27,600 (empowerednews.net)
- Barry C. Honig Purchases 10,000 Shares of Pershing Gold Corporation (PGLC) Stock (americanbankingnews.com)
Several equities research analysts recently weighed in on the stock. Roth Capital set a $6.00 price objective on shares of Pershing Gold Corporation and gave the stock a “buy” rating in a research note on Monday, June 12th. Noble Financial reiterated a “buy” rating on shares of Pershing Gold Corporation in a research note on Thursday, June 8th. Zacks Investment Research lowered shares of Pershing Gold Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, May 13th. Finally, HC Wainwright reiterated a “buy” rating and set a $9.75 price objective on shares of Pershing Gold Corporation in a research note on Thursday, April 6th.
Shares of Pershing Gold Corporation (NASDAQ PGLC) opened at 2.76 on Tuesday. The firm’s market cap is $78.39 million. The company’s 50-day moving average is $2.84 and its 200 day moving average is $3.02. Pershing Gold Corporation has a 1-year low of $2.60 and a 1-year high of $5.02.
In related news, Director Barry C. Honig bought 10,000 shares of the company’s stock in a transaction on Friday, April 28th. The stock was bought at an average cost of $2.81 per share, with a total value of $28,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barry C. Honig bought 20,400 shares of the company’s stock in a transaction on Tuesday, April 18th. The stock was bought at an average cost of $2.82 per share, with a total value of $57,528.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 86,085 shares of company stock valued at $242,146 over the last three months. 39.84% of the stock is currently owned by insiders.
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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.
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