Dakota Gold Corp. (NYSE:DC) CEO Purchases $45,600.00 in Stock

Dakota Gold Corp. (NYSE:DC) CEO Robert Quartermain acquired 20,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was acquired at an average price of $2.28 per share, for a total transaction of $45,600.00. Following the acquisition, the chief executive officer now owns 7,522,877 shares of the company’s stock, valued at approximately $17,152,159.56. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dakota Gold Price Performance

DC opened at $2.51 on Friday. The firm has a market cap of $235.09 million, a PE ratio of -6.12 and a beta of 1.12. The stock has a 50-day moving average price of $2.31 and a 200-day moving average price of $2.43. Dakota Gold Corp. has a 1 year low of $1.84 and a 1 year high of $3.25.

Dakota Gold (NYSE:DC) last issued its earnings results on Tuesday, August 13th. The company reported ($0.10) earnings per share (EPS) for the quarter.

Institutional Trading of Dakota Gold

A number of institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP purchased a new stake in shares of Dakota Gold during the second quarter valued at $666,000. Renaissance Technologies LLC grew its stake in shares of Dakota Gold by 15.3% in the second quarter. Renaissance Technologies LLC now owns 44,500 shares of the company’s stock worth $113,000 after acquiring an additional 5,900 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Dakota Gold by 32.1% during the second quarter. Bank of New York Mellon Corp now owns 194,347 shares of the company’s stock valued at $496,000 after purchasing an additional 47,172 shares during the last quarter. Vanguard Group Inc. lifted its position in Dakota Gold by 3.6% during the first quarter. Vanguard Group Inc. now owns 2,866,104 shares of the company’s stock valued at $6,793,000 after purchasing an additional 100,799 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Dakota Gold in the first quarter worth approximately $42,000. Institutional investors own 37.41% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets started coverage on Dakota Gold in a research note on Friday, September 6th. They issued an “outperform” rating and a $6.00 price target on the stock.

About Dakota Gold

Dakota Gold Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. It primarily explores for gold deposits. The company holds 100% interest in the Blind Gold, City Creek, Tinton, West Corridor, Ragged Top, Poorman Anticline, Maitland, South Lead/ Whistler Gulch, the Barrick Option, Richmond Hill and Homestake Paleoplacer Properties located in Homestake Mining District, South Dakota.