MarketExclusive.com – H.C. Wainwright Assumes Coverage of Pershing Gold with a Buy Rating

NEW YORK, NY / ACCESSWIRE / July 27, 2015 / Market Exclusive announces that H.C. Wainwright & Co. has assumed coverage of Pershing Gold (NASDAQ: PGLC) with a Buy rating and a 12-month price target of $8.80 per share.

Commenting on the potential of Pershing Gold’s Relief Canyon Mine, a property which includes three open-pit mines and a state-of-the-art, fully permitted and constructed heap leach processing facility, H.C. Wainwright & Co. analysts Heiko f. Ihle, CFA and Jack Sekelsky wrote, “We view Relief Canyon as a turn-key operation (most of the equipment is already on site) with strong expansion potential.”

About Market Exclusive

Market Exclusive is a financial portal geared to engaging discussion on current financial topics. Market Exclusive is not an investment advisor.

The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

SOURCE: Market Exclusive

ReleaseID: 430858