Pershing Gold Corporation (NASDAQ:PGLC) Director Barry C. Honig acquired 10,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were purchased at an average price of $3.01 per share, for a total transaction of $30,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Pershing Gold Corporation (NASDAQ:PGLC) traded down 0.33% during mid-day trading on Friday, reaching $3.00. The company’s stock had a trading volume of 49,929 shares. Pershing Gold Corporation has a 52-week low of $2.60 and a 52-week high of $4.80. The firm’s market cap is $85.21 million. The firm has a 50 day moving average price of $3.03 and a 200 day moving average price of $2.91.

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A number of institutional investors have recently bought and sold shares of PGLC. Spark Investment Management LLC increased its stake in Pershing Gold Corporation by 100.0% during the 1st quarter. Spark Investment Management LLC now owns 110,000 shares of the basic materials company’s stock worth $312,000 after acquiring an additional 55,000 shares during the period. Aegis Financial Corp increased its stake in Pershing Gold Corporation by 78.6% during the 1st quarter. Aegis Financial Corp now owns 219,652 shares of the basic materials company’s stock worth $624,000 after acquiring an additional 96,683 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Pershing Gold Corporation by 5.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 316,984 shares of the basic materials company’s stock worth $900,000 after acquiring an additional 15,919 shares during the period. Ruffer LLP increased its stake in Pershing Gold Corporation by 213.5% during the 1st quarter. Ruffer LLP now owns 455,826 shares of the basic materials company’s stock worth $1,347,000 after acquiring an additional 310,405 shares during the period. Finally, Vanguard Group Inc. increased its stake in Pershing Gold Corporation by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 614,718 shares of the basic materials company’s stock worth $1,715,000 after acquiring an additional 29,018 shares during the period. Hedge funds and other institutional investors own 19.73% of the company’s stock.

A number of analysts have recently issued reports on PGLC shares. Zacks Investment Research upgraded Pershing Gold Corporation from a “hold” rating to a “buy” rating and set a $3.25 price objective on the stock in a research report on Wednesday, August 9th. Roth Capital set a $6.00 price objective on Pershing Gold Corporation and gave the company a “buy” rating in a research report on Monday, June 12th. Finally, Noble Financial restated a “buy” rating on shares of Pershing Gold Corporation in a research report on Thursday, June 8th.

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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