Pershing Gold Corporation (PGLC) Earning Somewhat Positive News Coverage, Analysis Finds

News articles about Pershing Gold Corporation (NASDAQ:PGLC) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pershing Gold Corporation earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 45.9211544832935 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern Sentiment’s rankings:

PGLC has been the subject of a number of recent analyst reports. Zacks Investment Research raised Pershing Gold Corporation from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research report on Wednesday, August 9th. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price target on shares of Pershing Gold Corporation in a research report on Tuesday, October 31st. Finally, Noble Financial reissued a “buy” rating on shares of Pershing Gold Corporation in a research report on Monday, August 21st.

Pershing Gold Corporation (NASDAQ:PGLC) opened at $2.86 on Tuesday. Pershing Gold Corporation has a 52-week low of $2.60 and a 52-week high of $4.10.

In related news, Director Barry C. Honig purchased 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were bought at an average price of $2.87 per share, for a total transaction of $143,500.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Barry C. Honig purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was bought at an average price of $3.01 per share, for a total transaction of $30,100.00. The disclosure for this purchase can be found here. Insiders bought a total of 180,813 shares of company stock valued at $531,592 in the last three months. Corporate insiders own 36.80% of the company’s stock.

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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.

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

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