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

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

Dakota Gold Stock Performance

Shares of Dakota Gold stock opened at $2.51 on Friday. Dakota Gold Corp. has a 52-week low of $1.84 and a 52-week high of $3.25. The company’s 50 day moving average price is $2.31 and its 200-day moving average price is $2.43. The stock has a market capitalization of $235.09 million, a price-to-earnings ratio of -6.12 and a beta of 1.12.

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

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets began coverage on shares of Dakota Gold in a research report on Friday, September 6th. They set an “outperform” rating and a $6.00 price target for the company.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp boosted its stake in shares of Dakota Gold by 16.9% during the 3rd quarter. Van ECK Associates Corp now owns 3,441,636 shares of the company’s stock valued at $8,535,000 after purchasing an additional 498,368 shares in the last quarter. Donald Smith & CO. Inc. bought a new stake in Dakota Gold during the 2nd quarter valued at approximately $778,000. Marshall Wace LLP purchased a new position in shares of Dakota Gold during the 2nd quarter worth approximately $666,000. Vanguard Group Inc. raised its position in shares of Dakota Gold by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 2,866,104 shares of the company’s stock worth $6,793,000 after acquiring an additional 100,799 shares in the last quarter. Finally, Euro Pacific Asset Management LLC raised its position 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 worth $923,000 after acquiring an additional 79,888 shares in the last quarter. Institutional investors 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.