Insider Buying: Pershing Gold Corp (PGLC) Director Purchases 15,079 Shares of Stock
Pershing Gold Corp (NASDAQ:PGLC) Director Barry C. Honig acquired 15,079 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were bought at an average cost of $2.42 per share, with a total value of $36,491.18. Following the purchase, the director now owns 2,416,392 shares in the company, valued at $5,847,668.64. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
Pershing Gold Corp (NASDAQ:PGLC) traded down $0.03 on Friday, reaching $2.39. 137,409 shares of the company were exchanged, compared to its average volume of 103,266. Pershing Gold Corp has a 12-month low of $2.26 and a 12-month high of $3.40.
Pershing Gold (NASDAQ:PGLC) last posted its earnings results on Monday, November 13th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.01. analysts expect that Pershing Gold Corp will post -0.45 earnings per share for the current year.
An institutional investor recently raised its position in Pershing Gold stock. Vanguard Group Inc. increased its holdings in shares of Pershing Gold Corp (NASDAQ:PGLC) by 5.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 614,718 shares of the basic materials company’s stock after purchasing an additional 29,018 shares during the quarter. Vanguard Group Inc. owned 2.16% of Pershing Gold worth $1,715,000 as of its most recent filing with the SEC. 19.49% of the stock is owned by institutional investors.
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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