The Pershing Gold Corporation (PGLC) Earning Somewhat Favorable Press Coverage, Study Shows

The Pershing Gold Corporation (PGLC) Earning Somewhat Favorable Press Coverage, Study Shows

News stories about Pershing Gold Corporation (NASDAQ:PGLC) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pershing Gold Corporation earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 44.9984471728261 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Shares of Pershing Gold Corporation (PGLC) remained flat at $2.90 during midday trading on Wednesday. The company had a trading volume of 43,522 shares. The stock’s 50 day moving average is $2.98 and its 200 day moving average is $2.91. Pershing Gold Corporation has a 12 month low of $2.60 and a 12 month high of $4.41. The firm’s market capitalization is $82.37 million.

A number of brokerages have recently commented on PGLC. Zacks Investment Research raised shares of Pershing Gold Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. Noble Financial reaffirmed a “buy” rating on shares of Pershing Gold Corporation in a research note on Monday, August 21st.

In other news, Director Barry C. Honig bought 18,795 shares of the stock in a transaction on Monday, October 16th. The shares were bought at an average price of $2.99 per share, with a total value of $56,197.05. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barry C. Honig bought 10,000 shares of the stock in a transaction on Thursday, September 7th. The stock was purchased at an average cost of $3.01 per share, for a total transaction of $30,100.00. The disclosure for this purchase can be found here. Insiders acquired 103,196 shares of company stock worth $308,573 in the last three months. 39.84% of the stock is owned by corporate insiders.

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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