Media headlines about Pershing Gold Corporation (NASDAQ:PGLC) have trended somewhat positive on Tuesday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pershing Gold Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 45.5434936806013 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of brokerages have recently weighed in on PGLC. Zacks Investment Research upgraded shares of Pershing Gold Corporation from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a report on Wednesday, August 9th. Roth Capital set a $6.00 price objective on shares of Pershing Gold Corporation and gave the stock a “buy” rating in a report on Monday, June 12th. Finally, Noble Financial reiterated a “buy” rating on shares of Pershing Gold Corporation in a report on Thursday, June 8th.
Shares of Pershing Gold Corporation (PGLC) opened at 2.96 on Tuesday. The company’s market capitalization is $84.07 million. Pershing Gold Corporation has a 12-month low of $2.60 and a 12-month high of $4.90. The company’s 50-day moving average is $2.91 and its 200-day moving average is $2.93.
In related news, Director Barry C. Honig bought 10,000 shares of the stock in a transaction on Wednesday, July 5th. The shares were bought at an average cost of $2.76 per share, for a total transaction of $27,600.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have purchased a total of 25,911 shares of company stock worth $72,078 in the last 90 days. 39.84% of the stock is currently owned by company insiders.
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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.
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