Pershing Gold (PGLC) Director Acquires $21,393.72 in Stock

Pershing Gold (NASDAQ:PGLC) Director Barry C. Honig purchased 11,502 shares of the business’s stock in a transaction dated Tuesday, April 10th. The shares were purchased at an average cost of $1.86 per share, with a total value of $21,393.72. Following the purchase, the director now directly owns 2,395,600 shares in the company, valued at $4,455,816. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of PGLC stock opened at $1.99 on Friday. Pershing Gold has a twelve month low of $1.83 and a twelve month high of $3.31.

Hedge funds have recently made changes to their positions in the stock. Spark Investment Management LLC acquired a new position in Pershing Gold in the 4th quarter valued at about $111,000. Virtu Financial LLC acquired a new position in Pershing Gold in the 4th quarter valued at about $184,000. Cambridge Investment Research Advisors Inc. raised its stake in Pershing Gold by 27.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 570,778 shares of the basic materials company’s stock valued at $1,370,000 after purchasing an additional 123,154 shares during the last quarter. Vanguard Group Inc. raised its stake in Pershing Gold by 5.0% in the 2nd 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 during the last quarter. Finally, Raymond James & Associates acquired a new position in Pershing Gold in the 4th quarter valued at about $103,000. 19.03% of the stock is owned by hedge funds and other institutional investors.



Several research firms have recently issued reports on PGLC. Zacks Investment Research raised Pershing Gold from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine raised Pershing Gold from a “strong sell” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, HC Wainwright set a $9.00 price target on Pershing Gold and gave the stock a “buy” rating in a research note on Tuesday, March 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Pershing Gold currently has an average rating of “Hold” and an average target price of $6.08.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://dakotafinancialnews.com/2018/04/14/pershing-gold-pglc-director-acquires-21393-72-in-stock.html.

Pershing Gold Company Profile

Pershing Gold Corporation explores for, develops, and mines gold and precious metals in Nevada. It focuses on the exploration of the Relief Canyon properties covering an area of approximately 29,000 acres located in Pershing County in northwestern Nevada. The Relief Canyon properties include approximately 1,056 owned unpatented mining claims, 120 owned millsite claims, 143 leased unpatented mining claims, and 4,127 acres of leased and 3,739 acres of subleased private lands.

Insider Buying and Selling by Quarter for Pershing Gold (NASDAQ:PGLC)

Receive News & Ratings for Pershing Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pershing Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply