MarketExclusive.com – ROTH Capital Partners Initiates Coverage of Pershing Gold Corporation with a Buy Rating

NEW YORK, NY / ACCESSWIRE / April 5, 2016 / Market Exclusive
announces that ROTH Capital
Partners Markets has initiated coverage of Pershing Gold Corporation (NASDAQ: PGLC)
with a Buy rating and a 12-month price target of $6.00 per share.

Pershing Gold is an emerging gold producer whose primary asset is the Relief Canyon Mine in Pershing County, Nevada. Relief Canyon includes three open-pit mines and a state-of-the-art, fully permitted and constructed heap-leach processing facility. Pershing Gold is currently permitted to resume mining at Relief Canyon under the existing Plan of Operations. Research Analyst, Joseph Reagor, writes of the Buy rating and $6.00 price target “We believe PGLC is poised to announce a resource update and subsequent PEA study, which should enable the company to make a production decision at Relief Canyon. Additionally, we believe PGLC could have a short construction time frame and low capital budget due to existing infrastructure at the project.”

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SOURCE: Market Exclusive

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