Dakota Gold (NYSE:DC) Sets New 12-Month High – Time to Buy?

Dakota Gold Corp. (NYSE:DC) hit a new 52-week high on Wednesday . The company traded as high as $5.71 and last traded at $5.66, with a volume of 985700 shares. The stock had previously closed at $5.49.

Dakota Gold Stock Up 0.7%

The stock’s 50-day moving average price is $4.56 and its 200-day moving average price is $4.24. The company has a market capitalization of $651.26 million, a price-to-earnings ratio of -14.02 and a beta of 1.11.

Insider Transactions at Dakota Gold

In other Dakota Gold news, Director Stephen T. O’rourke sold 50,000 shares of the stock in a transaction on Monday, October 20th. The stock was sold at an average price of $4.66, for a total value of $233,000.00. Following the transaction, the director directly owned 918,199 shares in the company, valued at approximately $4,278,807.34. This trade represents a 5.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 17.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DC. Nisa Investment Advisors LLC grew its stake in shares of Dakota Gold by 109.8% during the second quarter. Nisa Investment Advisors LLC now owns 7,070 shares of the company’s stock worth $26,000 after purchasing an additional 3,700 shares during the period. BNP Paribas Financial Markets boosted its holdings in Dakota Gold by 120.5% during the second quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company’s stock worth $31,000 after buying an additional 4,541 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Dakota Gold by 130.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,788 shares of the company’s stock worth $32,000 after buying an additional 4,978 shares during the period. Financial Engines Advisors L.L.C. acquired a new position in shares of Dakota Gold during the 3rd quarter worth about $46,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Dakota Gold in the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 37.41% of the company’s 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.