Brokerages expect Pershing Gold Corp (NASDAQ:PGLC) to announce earnings of ($0.06) per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Pershing Gold’s earnings. The highest EPS estimate is ($0.05) and the lowest is ($0.07). Pershing Gold reported earnings of ($0.21) per share in the same quarter last year, which would suggest a positive year over year growth rate of 71.4%. The firm is expected to announce its next quarterly earnings report on Friday, March 30th.
According to Zacks, analysts expect that Pershing Gold will report full-year earnings of ($0.45) per share for the current fiscal year, with EPS estimates ranging from ($0.58) to ($0.37). For the next fiscal year, analysts forecast that the company will report earnings of ($0.30) per share, with EPS estimates ranging from ($0.37) to ($0.23). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Pershing Gold.
Pershing Gold (NASDAQ:PGLC) last announced its earnings results on Monday, November 13th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01.
A number of equities research analysts have issued reports on PGLC shares. Zacks Investment Research raised Pershing Gold from a “hold” rating to a “buy” rating and set a $3.25 target price for the company in a research report on Saturday, November 18th. Noble Financial reaffirmed a “buy” rating on shares of Pershing Gold in a research report on Wednesday, November 15th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $10.00 target price on shares of Pershing Gold in a research report on Tuesday, October 31st.
In other Pershing Gold news, Director Barry C. Honig purchased 15,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was bought at an average cost of $2.41 per share, for a total transaction of $36,150.00. Following the completion of the acquisition, the director now directly owns 2,386,313 shares in the company, valued at $5,751,014.33. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barry C. Honig purchased 18,795 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were acquired at an average price of $2.99 per share, with a total value of $56,197.05. The disclosure for this purchase can be found here. Insiders have acquired 315,912 shares of company stock valued at $836,723 in the last ninety days. Company insiders own 36.80% of the company’s stock.
An institutional investor recently raised its position in Pershing Gold stock. Vanguard Group Inc. raised 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 Form 13F filing with the Securities & Exchange Commission. The fund owned 614,718 shares of the basic materials company’s stock after buying an additional 29,018 shares during the quarter. Vanguard Group Inc. owned about 2.16% of Pershing Gold worth $1,715,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 19.49% of the company’s stock.
Shares of Pershing Gold (PGLC) traded down $0.02 during trading on Friday, reaching $2.40. The company’s stock had a trading volume of 163,264 shares, compared to its average volume of 164,875. The company has a market capitalization of $68.73, a PE ratio of -4.44 and a beta of 0.90. Pershing Gold has a 52-week low of $2.26 and a 52-week high of $3.40.
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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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