Pershing Gold Corporation (NASDAQ:PGLC) Director Barry C. Honig acquired 64,000 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were bought at an average price of $2.36 per share, with a total value of $151,040.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Pershing Gold Corporation (NASDAQ PGLC) opened at $2.35 on Friday. Pershing Gold Corporation has a 12 month low of $2.26 and a 12 month high of $3.49.
Pershing Gold (NASDAQ:PGLC) last announced its earnings results on Monday, November 13th. The basic materials company reported ($0.09) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.01. analysts forecast that Pershing Gold Corporation will post -0.45 EPS for the current fiscal year.
Several research analysts have issued reports on PGLC shares. Zacks Investment Research upgraded Pershing Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. HC Wainwright reiterated a “buy” rating and set a $10.00 price objective on shares of Pershing Gold in a research note on Tuesday, October 31st. Finally, Noble Financial reiterated a “buy” rating on shares of Pershing Gold in a research note on Wednesday, November 15th.
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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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