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Pershing Gold

TSX:PGLC
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PGLC
TSX
$38M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Pershing Gold Corporation explores for, develops, and mines gold and precious metals in Nevada. The last earnings update was 141 days ago. More info.


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  • Pershing Gold has significant price volatility in the past 3 months.
PGLC Share Price and Events
7 Day Returns
-1.3%
TSX:PGLC
-0.3%
CA Metals and Mining
0.5%
CA Market
1 Year Returns
-43.9%
TSX:PGLC
-5.4%
CA Metals and Mining
0.9%
CA Market
PGLC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pershing Gold (PGLC) -1.3% -7.9% 22.8% -43.9% - -
CA Metals and Mining -0.3% 0.9% 12.2% -5.4% 14.5% -18.7%
CA Market 0.5% 1.7% 14.2% 0.9% 17.2% 6.3%
1 Year Return vs Industry and Market
  • PGLC underperformed the Metals and Mining industry which returned -5.4% over the past year.
  • PGLC underperformed the Market in Canada which returned 0.9% over the past year.
Price Volatility
PGLC
Industry
5yr Volatility vs Market

PGLC Value

 Is Pershing Gold undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Pershing Gold. This is due to cash flow or dividend data being unavailable. The share price is CA$1.51.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pershing Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pershing Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:PGLC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.51
NasdaqGM:PGLC Share Price ** NasdaqGM (2019-03-22) in USD $1.14
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.47x
Canada Market PE Ratio Median Figure of 543 Publicly-Listed Companies 15.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pershing Gold.

TSX:PGLC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:PGLC Share Price ÷ EPS (both in USD)

= 1.14 ÷ -0.51

-2.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pershing Gold is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Pershing Gold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Pershing Gold's expected growth come at a high price?
Raw Data
TSX:PGLC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
141.2%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.71x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.23x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Pershing Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pershing Gold's assets?
Raw Data
TSX:PGLC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $0.90
NasdaqGM:PGLC Share Price * NasdaqGM (2019-03-22) in USD $1.14
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.43x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.58x
TSX:PGLC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:PGLC Share Price ÷ Book Value per Share (both in USD)

= 1.14 ÷ 0.90

1.26x

* Primary Listing of Pershing Gold.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pershing Gold is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Pershing Gold's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Pershing Gold has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PGLC Future Performance

 How is Pershing Gold expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
141.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pershing Gold expected to grow at an attractive rate?
  • Pershing Gold's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Pershing Gold's earnings growth is expected to exceed the Canada market average.
  • Unable to compare Pershing Gold's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:PGLC Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:PGLC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 141.2%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.2%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:PGLC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:PGLC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 61 3 1
2018-12-31 0 -15 2
TSX:PGLC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 -12 -17
2018-06-30 -12 -16
2018-03-31 -10 -15
2017-12-31 -11 -14
2017-09-30 -13 -15
2017-06-30 -13 -16
2017-03-31 -12 -16
2016-12-31 -11 -19
2016-09-30 -12 -19
2016-06-30 -14 -21
2016-03-31 -15 -22
2015-12-31 -16 -19

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pershing Gold's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Pershing Gold is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:PGLC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Pershing Gold Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PGLC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31 -0.20 0.09 -0.49 2.00
2018-12-31 -0.46 -0.46 -0.46 1.00
TSX:PGLC Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.51
2018-06-30 -0.51
2018-03-31 -0.50
2017-12-31 -0.50
2017-09-30 -0.53
2017-06-30 -0.58
2017-03-31 -0.59
2016-12-31 -0.75
2016-09-30 -0.77
2016-06-30 -0.90
2016-03-31 -0.99
2015-12-31 -0.90

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Pershing Gold will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Pershing Gold's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pershing Gold has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PGLC Past Performance

  How has Pershing Gold performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pershing Gold's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pershing Gold does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Pershing Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pershing Gold's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Pershing Gold's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pershing Gold Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PGLC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -16.51 15.08
2018-06-30 -15.82 14.39
2018-03-31 -14.86 13.43
2017-12-31 -14.16 12.72
2017-09-30 -14.76 14.76
2017-06-30 -15.87 15.87
2017-03-31 -15.83 15.82
2016-12-31 -19.24 15.63
2016-09-30 -18.66 15.06
2016-06-30 -20.97 17.37
2016-03-31 -21.81 18.20
2015-12-31 -19.12 19.12
2015-09-30 -21.30 19.60
2015-06-30 -19.33 17.64
2015-03-31 -19.10 17.40
2014-12-31 -18.16 16.46
2014-09-30 -16.07 16.06
2014-06-30 -20.11 16.00
2014-03-31 -18.26 15.30
2013-12-31 -18.21 15.69
2013-09-30 -16.58 14.79
2013-06-30 -13.63 16.81
2013-03-31 -27.28 25.73
2012-12-31 -51.78 31.45
2012-09-30 -52.48 33.57
2012-06-30 -66.84 32.54
2012-03-31 -51.85 20.99

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Pershing Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Pershing Gold has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Pershing Gold improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Pershing Gold's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pershing Gold has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PGLC Health

 How is Pershing Gold's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Pershing Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pershing Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pershing Gold's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pershing Gold's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Pershing Gold has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pershing Gold Company Filings, last reported 5 months ago.

TSX:PGLC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 30.40 0.00 2.03
2018-06-30 33.40 0.00 5.56
2018-03-31 37.38 0.00 9.72
2017-12-31 41.13 0.00 12.89
2017-09-30 31.64 0.00 1.97
2017-06-30 33.92 0.00 4.08
2017-03-31 36.42 0.00 6.90
2016-12-31 39.18 0.00 11.72
2016-09-30 38.07 0.00 9.70
2016-06-30 41.45 0.00 12.48
2016-03-31 43.70 0.01 14.31
2015-12-31 33.24 0.02 3.24
2015-09-30 37.71 0.02 8.34
2015-06-30 43.11 0.03 12.92
2015-03-31 36.31 0.04 5.51
2014-12-31 39.85 0.04 15.15
2014-09-30 34.98 0.05 10.44
2014-06-30 27.57 0.05 2.82
2014-03-31 30.73 0.06 5.51
2013-12-31 33.17 0.06 7.74
2013-09-30 37.00 0.07 9.04
2013-06-30 28.86 0.56 1.49
2013-03-31 29.60 0.56 2.08
2012-12-31 31.27 0.57 3.22
2012-09-30 29.56 0.61 1.46
2012-06-30 32.47 0.56 4.04
2012-03-31 23.28 1.06 2.71
  • Pershing Gold has no debt.
  • Pershing Gold has no debt compared to 5 years ago when it was 0.2%.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Pershing Gold has less than a year of cash runway based on current free cash flow.
  • Pershing Gold has less than a year of cash runway if free cash flow continues to reduce at historical rates of -20.7% each year.
X
Financial health checks
We assess Pershing Gold's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pershing Gold has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PGLC Dividends

 What is Pershing Gold's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Pershing Gold dividends.
If you bought CA$2,000 of Pershing Gold shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Pershing Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pershing Gold's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:PGLC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:PGLC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2019-12-31
2018-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Pershing Gold has not reported any payouts.
  • Unable to verify if Pershing Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pershing Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pershing Gold has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Pershing Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pershing Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pershing Gold has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PGLC Management

 What is the CEO of Pershing Gold's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Alfers
COMPENSATION $711,000
AGE 72
TENURE AS CEO 7.1 years
CEO Bio

Mr. Stephen D. Alfers, also known as Steve, serves as the Chairman and Chief Executive Officer of Continental Resources Group, Inc. Mr. Alfers has been the Executive Chairman and Chief Executive Officer of Pershing Gold Corporation since February 09, 2012 and has been its President since August 2012. Mr. Alfers served as Senior Consultant of Pershing Gold Corporation. Mr. Alfers served as Chief Executive Officer and President of NewWest Resources Group from 2001 to 2005. He served as the President and Chief of U.S. Operations of Franco-Nevada Corporation from January, 2010 to September, 2011 and its Vice President of Legal and Business Development from December, 2007 to December ,2009. Mr. Alfers served as President of Franco-Nevada US Corporation, the wholly owned subsidiary of Franco-Nevada Corporation, from 2010 to 2011. He served as President and Chief Executive Officer of NewWest Gold Corp. (also known as Fronteer Development (USA) Inc.) and its subsidiary, Nevada Western Gold Corporation from 2005 to 2006. Prior to joining Nevada, he served as Chief Executive Officer of Western States Minerals from 2002 to 2005. Mr. Alfers was the Founder and Managing Partner of Alfers & Carver LLC from 1995 to 2001, a boutique natural resources law firm, where he represented mining clients in the acquisition of mining properties, formation of joint ventures and all phases of exploration, development and mining operations. He has over 20 years of mining industry experienceHe serves as a Director of Sagebrush Gold Ltd. He served as a Director of NewWest Gold Corp. from 2005 to 2007. Mr. Alfers is the founder and, since 2007, the President of Alfers Mining Consulting, which performs consulting services from time to time for mining and exploration companies and investors in these industries. He is a member of the Board of Directors and Vice Chairman of Hardrock Mining of the Colorado Mining Association. Mr. Alfers received a J.D. from the University of Virginia, an MA in Monetary Policy and Public Finance from the University of Denver and a B.A. in Economics from the University of Denver.

CEO Compensation
  • Steve's compensation has been consistent with company performance over the past year.
  • Steve's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Pershing Gold management team in years:

6.8
Average Tenure
66
Average Age
  • The average tenure for the Pershing Gold management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Steve Alfers

TITLE
CEO, President & Executive Chairman
COMPENSATION
$711K
AGE
72
TENURE
7.1 yrs

Eric Alexander

TITLE
VP of Finance
COMPENSATION
$347K
AGE
52
TENURE
6.5 yrs

Tim Janke

TITLE
Chief Operating Officer
COMPENSATION
$178K
AGE
66
TENURE
4.6 yrs

Jack Perkins

TITLE
Vice President of Investor Relations

Bob Casaceli

TITLE
Senior Geologist

Mindyjo Germann

TITLE
Corporate Secretary & Executive Administrator
TENURE
7 yrs
Board of Directors Tenure

Average tenure and age of the Pershing Gold board of directors in years:

1.4
Average Tenure
65
Average Age
  • The average tenure for the Pershing Gold board of directors is less than 3 years, this suggests a new board.
Board of Directors

Steve Alfers

TITLE
CEO, President & Executive Chairman
COMPENSATION
$711K
AGE
72
TENURE
7.1 yrs

Ed Karr

TITLE
Director
COMPENSATION
$47K
AGE
49
TENURE
3.8 yrs

Pam Saxton

TITLE
Director
COMPENSATION
$55K
AGE
65
TENURE
1.4 yrs

Pamela Saxton

TITLE
AGE
65
TENURE
1.3 yrs

Jeff Clevenger

TITLE
Director
AGE
69
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
21. Dec 18 Buy GRQ Consultants, Inc. 401K Plan Company 20. Dec 18 20. Dec 18 126,000 CA$1.23 CA$155,566
29. Aug 18 Buy Barry Honig Individual 28. Aug 18 28. Aug 18 669,033 CA$2.58 CA$1,209,056
29. Aug 18 Buy GRQ Consultants, Inc. 401K Plan Company 28. Aug 18 28. Aug 18 965,777 CA$2.58 CA$2,199,330
01. Aug 18 Buy Barry Honig Individual 31. Jul 18 31. Jul 18 125,000 CA$2.60 CA$325,565
18. Jul 18 Buy GRQ Consultants, Inc. 401K Plan Company 17. Jul 18 17. Jul 18 82,854 CA$2.14 CA$175,314
06. Jul 18 Buy GRQ Consultants, Inc. 401K Plan Company 05. Jul 18 05. Jul 18 14,714 CA$2.25 CA$33,039
18. Jun 18 Buy GRQ Consultants, Inc. 401K Plan Company 15. Jun 18 15. Jun 18 125,000 CA$2.64 CA$329,938
22. May 18 Buy GRQ Consultants, Inc. 401K Plan Company 18. May 18 18. May 18 10 CA$2.51 CA$25
22. May 18 Buy GRQ Consultants, Inc. 401K Plan Company 18. May 18 21. May 18 19,990 CA$2.52 CA$49,140
11. Apr 18 Buy GRQ Consultants, Inc. 401K Plan Company 10. Apr 18 10. Apr 18 11,502 CA$2.35 CA$26,992
09. Apr 18 Buy GRQ Consultants, Inc. 401K Plan Company 05. Apr 18 06. Apr 18 30,000 CA$2.43 CA$72,662
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X
Management checks
We assess Pershing Gold's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pershing Gold has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PGLC News

Simply Wall St News

PGLC Company Info

Description

Pershing Gold Corporation explores for, develops, and mines gold and precious metals in Nevada. It focuses on the exploration of the Relief Canyon properties covering an area of approximately 29,000 acres located in Pershing County in northwestern Nevada. The Relief Canyon properties include approximately 1,056 owned unpatented mining claims, 120 owned millsite claims, 143 leased unpatented mining claims, and 4,127 acres of leased and 3,739 acres of subleased private lands. The company was formerly known as Sagebrush Gold Ltd. and changed its name to Pershing Gold Corporation in February 2012. Pershing Gold Corporation is based in Lakewood, Colorado.

Details
Name: Pershing Gold Corporation
PGLC
Exchange: TSX
Founded:
$51,469,434
33,676,921
Website: http://www.pershinggold.com
Address: Pershing Gold Corporation
1658 Cole Boulevard,
Building 6,
Lakewood,
Colorado, 80401,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM PGLC Common Stock Nasdaq Global Market US USD 24. Jul 2011
DB 7PG1 Common Stock Deutsche Boerse AG DE EUR 24. Jul 2011
LSE 0KHJ Common Stock London Stock Exchange GB USD 24. Jul 2011
TSX PGLC Common Stock The Toronto Stock Exchange CA CAD 24. Jul 2011
Number of employees
Current staff
Staff numbers
19
Pershing Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 00:37
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/02/26
Last earnings filing: 2018/11/02
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.