Pershing Gold Corporation (NASDAQ:PGLC) Director Barry C. Honig bought 14,000 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was acquired at an average cost of $2.97 per share, for a total transaction of $41,580.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Pershing Gold Corporation (PGLC) traded up 1.71% during trading on Friday, reaching $2.98. 2,046 shares of the company’s stock traded hands. Pershing Gold Corporation has a 1-year low of $2.60 and a 1-year high of $4.80. The company has a 50 day moving average of $3.00 and a 200-day moving average of $2.89. The company’s market capitalization is $84.64 million.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position 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 worth $1,715,000 after buying an additional 29,018 shares during the period. Ruffer LLP increased its position 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 worth $1,347,000 after buying an additional 310,405 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Pershing Gold Corporation by 42.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 450,624 shares of the basic materials company’s stock worth $1,257,000 after buying an additional 133,640 shares during the period. Aegis Financial Corp increased its position 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 worth $624,000 after buying an additional 96,683 shares during the period. Finally, Spark Investment Management LLC increased its position 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 worth $312,000 after buying an additional 55,000 shares during the period. 19.73% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on PGLC shares. Noble Financial reaffirmed a “buy” rating on shares of Pershing Gold Corporation in a report on Thursday, June 8th. Zacks Investment Research cut shares of Pershing Gold Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Finally, Roth Capital set a $6.00 price objective on shares of Pershing Gold Corporation and gave the company a “buy” rating in a research note on Monday, June 12th.

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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