Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Pershing Gold (PGLC) Share Price
Media headlines about Pershing Gold (NASDAQ:PGLC) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pershing Gold earned a news impact score of 0.03 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 44.7166559191044 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Regains Interests on Oversold Analysis Factors: Pershing Gold Corporation (PGLC) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Pershing Gold Corporation. (PGLC) Closes Bought Deal Of US$7.8 Million And Private Placement of $6.8M – StreetInsider.com (streetinsider.com)
- Pershing Gold Closes Bought Deal Of US$7.8 Million And Private Placement Of US$6.8 Million (finance.yahoo.com)
- Barry C. Honig Buys 28,500 Shares of Pershing Gold Corporation (PGLC) Stock (americanbankingnews.com)
Several equities research analysts have commented on the company. Zacks Investment Research lowered Pershing Gold from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. HC Wainwright restated a “buy” rating and issued a $10.00 price objective on shares of Pershing Gold in a research report on Tuesday, October 31st. Finally, Noble Financial restated a “buy” rating on shares of Pershing Gold in a research report on Wednesday, November 15th.
Pershing Gold (NASDAQ:PGLC) last announced its earnings results on Monday, November 13th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. sell-side analysts forecast that Pershing Gold will post -0.45 earnings per share for the current year.
In other Pershing Gold news, Director Barry C. Honig bought 18,795 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were purchased at an average price of $2.99 per share, for a total transaction of $56,197.05. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Barry C. Honig bought 28,500 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were acquired at an average price of $2.54 per share, for a total transaction of $72,390.00. The disclosure for this purchase can be found here. Insiders have bought a total of 231,312 shares of company stock worth $650,180 in the last quarter. Insiders own 36.80% of the company’s stock.
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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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