Dakota Gold Corp. (NYSE:DC) CEO Robert Quartermain Buys 20,000 Shares of Stock

Dakota Gold Corp. (NYSE:DC) CEO Robert Quartermain acquired 20,000 shares of Dakota Gold stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of $2.28 per share, for a total transaction of $45,600.00. Following the completion of the transaction, the chief executive officer now directly owns 7,522,877 shares in the company, valued at $17,152,159.56. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dakota Gold Stock Up 8.4 %

DC stock opened at $2.51 on Thursday. Dakota Gold Corp. has a twelve month low of $1.84 and a twelve month high of $3.25. The firm has a market cap of $234.62 million, a price-to-earnings ratio of -6.11 and a beta of 1.12. The business’s fifty day simple moving average is $2.31 and its two-hundred day simple moving average is $2.43.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Dakota Gold

A number of institutional investors have recently modified their holdings of DC. Fourth Sail Capital LP increased its stake in shares of Dakota Gold by 0.3% during the second quarter. Fourth Sail Capital LP now owns 4,635,503 shares of the company’s stock valued at $11,542,000 after buying an additional 13,657 shares during the period. Van ECK Associates Corp grew its holdings in Dakota Gold by 16.9% during the 3rd quarter. Van ECK Associates Corp now owns 3,441,636 shares of the company’s stock worth $8,535,000 after acquiring an additional 498,368 shares in the last quarter. Vanguard Group Inc. increased its position in Dakota Gold by 3.6% during the 1st 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. Euro Pacific Asset Management LLC raised its holdings in shares of Dakota Gold by 25.8% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 389,320 shares of the company’s stock valued at $923,000 after purchasing an additional 79,888 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Dakota Gold by 6.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 367,629 shares of the company’s stock worth $937,000 after purchasing an additional 23,260 shares during the period. 37.41% of the stock is owned by hedge funds and other institutional investors.

Dakota Gold Company Profile

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.