Pershing Gold Corporation (NASDAQ:PGLC) Director Barry C. Honig purchased 6,401 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was acquired at an average price of $2.92 per share, for a total transaction of $18,690.92. Following the transaction, the director now owns 2,363,813 shares of the company’s stock, valued at approximately $6,902,333.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Pershing Gold Corporation (NASDAQ:PGLC) traded up 1.72% during trading on Thursday, reaching $2.96. 16,852 shares of the company’s stock traded hands. Pershing Gold Corporation has a 12 month low of $2.60 and a 12 month high of $4.80. The firm’s 50 day moving average is $3.03 and its 200 day moving average is $2.90. The company’s market cap is $84.07 million.

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

Several research analysts have issued reports on the stock. Noble Financial restated a “buy” rating on shares of Pershing Gold Corporation in a research report on Thursday, June 8th. 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. Finally, Roth Capital set a $6.00 price target on shares of Pershing Gold Corporation and gave the stock a “buy” rating in a research report on Monday, June 12th.

About Pershing Gold Corporation

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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