Today Roth Capital Reconfirms a Buy Rating on Pershing Gold Corp (NASDAQ:PGLC) and a $6.0000 Target Price

June 15, 2017 - By Peter Erickson

 Today Roth Capital Reconfirms a Buy Rating on Pershing Gold Corp (NASDAQ:PGLC) and a $6.0000 Target Price

Pershing Gold Corp (NASDAQ:PGLC) Rating Reaffirmed

Investment analysts at Roth Capital now has a $6.0000 target price on Pershing Gold Corp (NASDAQ:PGLC). Roth Capital and their recent target price means a potential upside of 114.29 % from the company’s previous stock close. The rating has been shown in analysts note on 12 June.

Pershing Gold Corp (NASDAQ:PGLC) Ratings Coverage

Among 4 analysts covering Pershing Gold (NASDAQ:PGLC), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Pershing Gold has $8.80 highest and $4.10 lowest target. $6.10’s average target is 117.86% above currents $2.8 stock price. Pershing Gold had 6 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Buy” rating by Roth Capital given on Monday, April 4. H.C. Wainwright initiated the shares of PGLC in report on Monday, July 27 with “Buy” rating. The stock of Pershing Gold Corp (NASDAQ:PGLC) earned “Buy” rating by Euro Pacific Capital on Wednesday, August 12. The rating was maintained by Noble Financial with “Buy” on Thursday, June 30.

The stock decreased 1.41% or $0.04 on June 15, reaching $2.8. About 49,231 shares traded. Pershing Gold Corp (NASDAQ:PGLC) has declined 33.03% since June 15, 2016 and is downtrending. It has underperformed by 49.73% the S&P500.

Pershing Gold Corporation is a gold and precious metals exploration company. The company has market cap of $78.15 million. The Firm focuses on exploration, development and mining opportunities in Nevada. It currently has negative earnings. The Firm is focused on exploration at its Relief Canyon properties in Pershing County in northwestern Nevada.

More notable recent Pershing Gold Corp (NASDAQ:PGLC) news were published by: Prnewswire.com which released: “Pershing Gold Announces BLM has Published the Preliminary Environmental …” on June 09, 2016, also Seekingalpha.com with their article: “Pershing Gold Update And Prospects For 2016” published on January 28, 2016, Prnewswire.com published: “Pershing Gold Announces Reverse Stock Split” on June 17, 2015. More interesting news about Pershing Gold Corp (NASDAQ:PGLC) were released by: Prnewswire.com and their article: “Pershing Gold Files Preliminary Feasibility Study for Relief Canyon on SEDAR” published on June 07, 2017 as well as Marketwatch.com‘s news article titled: “3.80” with publication date: December 01, 2016.

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