Pershing Gold Corp (PGLC) Director Acquires $57,528.00 in Stock
Pershing Gold Corp (NASDAQ:PGLC) Director Barry C. Honig purchased 20,400 shares of Pershing Gold Corp stock in a transaction dated Tuesday, April 18th. The shares were bought at an average price of $2.82 per share, for a total transaction of $57,528.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Pershing Gold Corp (NASDAQ:PGLC) traded up 0.35% during mid-day trading on Tuesday, hitting $2.88. The company had a trading volume of 164,275 shares. The firm has a 50-day moving average of $2.94 and a 200-day moving average of $3.47. The company’s market cap is $81.75 million. Pershing Gold Corp has a 12 month low of $2.67 and a 12 month high of $5.02.
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PGLC has been the topic of several analyst reports. Roth Capital set a $6.00 price target on Pershing Gold Corp and gave the stock a “buy” rating in a report on Tuesday, February 28th. HC Wainwright reiterated a “buy” rating and set a $9.75 price target on shares of Pershing Gold Corp in a report on Thursday, April 6th. Finally, Zacks Investment Research downgraded Pershing Gold Corp from a “buy” rating to a “hold” rating in a research report on Saturday, March 4th.
An institutional investor recently bought a new position in Pershing Gold Corp stock. Aegis Financial Corp bought a new stake in shares of Pershing Gold Corp (NASDAQ:PGLC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 122,969 shares of the basic materials company’s stock, valued at approximately $402,000. Pershing Gold Corp accounts for 0.4% of Aegis Financial Corp’s investment portfolio, making the stock its 26th largest position. Aegis Financial Corp owned approximately 0.47% of Pershing Gold Corp at the end of the most recent reporting period. 18.45% of the stock is owned by institutional investors.
Pershing Gold Corp 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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