Aegis Financial Corp increased its position in shares of Pershing Gold Corporation (NASDAQ:PGLC) by 78.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,652 shares of the basic materials company’s stock after buying an additional 96,683 shares during the period. Pershing Gold Corporation makes up 0.7% of Aegis Financial Corp’s investment portfolio, making the stock its 24th largest position. Aegis Financial Corp owned approximately 0.77% of Pershing Gold Corporation worth $624,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Ruffer LLP raised its position in Pershing Gold Corporation by 213.5% in the first quarter. Ruffer LLP now owns 455,826 shares of the basic materials company’s stock worth $1,347,000 after buying an additional 310,405 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Pershing Gold Corporation by 5.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 316,984 shares of the basic materials company’s stock valued at $900,000 after buying an additional 15,919 shares during the last quarter. Finally, Spark Investment Management LLC boosted its position in shares of Pershing Gold Corporation by 100.0% in the first quarter. Spark Investment Management LLC now owns 110,000 shares of the basic materials company’s stock valued at $312,000 after buying an additional 55,000 shares in the last quarter. 19.45% of the stock is owned by institutional investors.
Learn More About Pershing Gold at: http://www.pershinggold.com/
Pershing Gold Corporation (NASDAQ PGLC) traded up 1.11% during midday trading on Wednesday, reaching $2.74. The company’s stock had a trading volume of 64,901 shares. The company has a 50 day moving average of $2.84 and a 200-day moving average of $3.02. The company’s market capitalization is $77.82 million. Pershing Gold Corporation has a 1-year low of $2.60 and a 1-year high of $5.02.
A number of analysts have recently weighed in on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $9.75 target price on shares of Pershing Gold Corporation in a research report on Thursday, April 6th. Roth Capital set a $6.00 price objective on shares of Pershing Gold Corporation and gave the stock a “buy” rating in a research note on Monday, June 12th. Noble Financial reaffirmed a “buy” rating on shares of Pershing Gold Corporation in a report on Thursday, June 8th. Finally, Zacks Investment Research downgraded Pershing Gold Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, May 13th.
In other Pershing Gold Corporation news, Director Barry C. Honig bought 10,000 shares of the stock in a transaction on Friday, April 28th. The shares were purchased at an average cost of $2.81 per share, with a total value of $28,100.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barry C. Honig purchased 20,400 shares of the stock in a transaction dated Tuesday, April 18th. The stock was acquired at an average cost of $2.82 per share, for a total transaction of $57,528.00. The disclosure for this purchase can be found here. Insiders have acquired 77,674 shares of company stock worth $219,518 in the last 90 days. 39.84% of the stock is currently owned by 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.
Learn about Pershing Gold at InvestorIdeas.com: http://www.investorideas.com/CO/PGLC/