Pershing Gold (PGLC) Reaches $1.89 52 Week Low; MMC NORILSK NICKEL PJSC AMERICAN DEPOSIT (NILSY) Shorts Lowered By 1.98%

May 21, 2018 - By Pete Kolinski

Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel (OTCMKTS:NILSY) Logo

The stock of Pershing Gold Corporation (NASDAQ:PGLC) hit a new 52-week low and has $1.83 target or 3.00% below today’s $1.89 share price. The 6 months bearish chart indicates high risk for the $63.56M company. The 1-year low was reported on May, 21 by Barchart.com. If the $1.83 price target is reached, the company will be worth $1.91 million less. The stock decreased 4.06% or $0.08 during the last trading session, reaching $1.89. About 56,094 shares traded. Pershing Gold Corporation (NASDAQ:PGLC) has declined 31.49% since May 21, 2017 and is downtrending. It has underperformed by 43.04% the S&P500.

MMC NORILSK NICKEL PJSC AMERICAN DEPOSIT (OTCMKTS:NILSY) had a decrease of 1.98% in short interest. NILSY’s SI was 7.67 million shares in May as released by FINRA. Its down 1.98% from 7.82M shares previously. With 121,800 avg volume, 63 days are for MMC NORILSK NICKEL PJSC AMERICAN DEPOSIT (OTCMKTS:NILSY)’s short sellers to cover NILSY’s short positions. The SI to MMC NORILSK NICKEL PJSC AMERICAN DEPOSIT’s float is 1.15%. The stock increased 2.56% or $0.44 during the last trading session, reaching $17.61. About 9,425 shares traded. Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel (OTCMKTS:NILSY) has 0.00% since May 21, 2017 and is . It has underperformed by 11.55% the S&P500.

Another recent and important Pershing Gold Corporation (NASDAQ:PGLC) news was published by Prnewswire.com which published an article titled: “Pershing Gold Appoints Jeffrey G. Clevenger to Board of Directors” on April 26, 2018.

Among 4 analysts covering Pershing Gold (NASDAQ:PGLC), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Pershing Gold had 16 analyst reports since July 27, 2015 according to SRatingsIntel. H.C. Wainwright maintained Pershing Gold Corporation (NASDAQ:PGLC) rating on Tuesday, May 8. H.C. Wainwright has “Buy” rating and $8.7500 target. The rating was maintained by Roth Capital with “Buy” on Monday, June 12. The rating was maintained by H.C. Wainwright on Wednesday, January 24 with “Buy”. On Tuesday, October 31 the stock rating was maintained by H.C. Wainwright with “Buy”. The firm earned “Buy” rating on Thursday, June 30 by Noble Financial. Roth Capital initiated Pershing Gold Corporation (NASDAQ:PGLC) rating on Monday, April 4. Roth Capital has “Buy” rating and $6 target. Noble Financial maintained the shares of PGLC in report on Wednesday, November 15 with “Buy” rating. Roth Capital maintained it with “Buy” rating and $6.2500 target in Monday, June 5 report. On Tuesday, June 6 the stock rating was maintained by Noble Financial with “Buy”. As per Wednesday, August 12, the company rating was initiated by Euro Pacific Capital.

Pershing Gold Corporation engages in the exploration, development, and mining of gold and precious metals primarily in Nevada. The company has market cap of $63.56 million. It focuses on the exploration of Relief Canyon properties covering an area of approximately 25,000 acres in Pershing County in northwestern Nevada. It currently has negative earnings. The Relief Canyon properties comprise approximately 948 owned unpatented mining claims, 120 owned millsite claims, 172 leased unpatented mining claims, and 2,235 acres of leased and 2,770 acres of subleased private lands.

Pershing Gold Corporation (NASDAQ:PGLC) Ratings Chart

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