Pershing Gold Corporation (NASDAQ:PGLC) Director Barry C. Honig acquired 6,401 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was purchased at an average cost of $2.92 per share, for a total transaction of $18,690.92. Following the acquisition, the director now owns 2,363,813 shares in the company, valued at $6,902,333.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Pershing Gold Corporation (PGLC) traded up 1.36% during trading on Friday, reaching $2.99. 53,479 shares of the company were exchanged. The stock has a 50-day moving average of $3.01 and a 200 day moving average of $2.90. The stock’s market capitalization is $84.92 million. Pershing Gold Corporation has a 52-week low of $2.60 and a 52-week high of $4.80.

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PGLC has been the topic of a number of analyst reports. Roth Capital set a $6.00 price objective on shares of Pershing Gold Corporation and gave the stock a “buy” rating in a report on Wednesday, May 24th. Noble Financial reiterated a “buy” rating on shares of Pershing Gold Corporation in a research report on Thursday, June 8th. Finally, Zacks Investment Research lowered shares of Pershing Gold Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th.

Hedge funds and other institutional investors have recently modified their holdings of the business. Spark Investment Management LLC lifted its holdings in shares of Pershing Gold Corporation by 100.0% during the first quarter. Spark Investment Management LLC now owns 110,000 shares of the basic materials company’s stock valued at $312,000 after acquiring an additional 55,000 shares during the period. Aegis Financial Corp lifted its holdings in shares of Pershing Gold Corporation by 78.6% during the first quarter. Aegis Financial Corp now owns 219,652 shares of the basic materials company’s stock valued at $624,000 after acquiring an additional 96,683 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Pershing Gold Corporation by 5.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 316,984 shares of the basic materials company’s stock valued at $900,000 after acquiring an additional 15,919 shares during the period. Ruffer LLP lifted its holdings in shares of Pershing Gold Corporation by 213.5% during the first quarter. Ruffer LLP now owns 455,826 shares of the basic materials company’s stock valued at $1,347,000 after acquiring an additional 310,405 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Pershing Gold Corporation by 5.0% during the second quarter. Vanguard Group Inc. now owns 614,718 shares of the basic materials company’s stock valued at $1,715,000 after acquiring an additional 29,018 shares during the period. 19.73% of the stock is owned by institutional investors.

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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