Insider Buying: Dakota Gold Corp. (NYSE:DC) CEO Acquires 20,000 Shares of Stock

Dakota Gold Corp. (NYSE:DC) CEO Robert Quartermain acquired 20,000 shares of Dakota Gold stock in a transaction on Tuesday, November 5th. The shares were purchased at an average price of $2.28 per share, with a total value of $45,600.00. Following the completion of the purchase, the chief executive officer now owns 7,522,877 shares in the company, valued at $17,152,159.56. This represents 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 Up 8.4 %

Shares of NYSE DC traded up $0.19 during trading on Wednesday, reaching $2.51. 455,399 shares of the company traded hands, compared to its average volume of 226,004. The firm has a 50 day simple moving average of $2.31 and a 200-day simple moving average of $2.43. Dakota Gold Corp. has a 52-week low of $1.84 and a 52-week high of $3.25. The stock has a market capitalization of $234.62 million, a PE ratio of -6.12 and a beta of 1.12.

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.

Hedge Funds Weigh In On Dakota Gold

A number of institutional investors and hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in Dakota Gold by 28.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,562 shares of the company’s stock valued at $37,000 after acquiring an additional 3,437 shares during the last quarter. Corundum Trust Company INC purchased a new stake in shares of Dakota Gold during the 2nd quarter valued at about $38,000. Virtu Financial LLC bought a new position in shares of Dakota Gold in the 1st quarter worth approximately $42,000. SeaCrest Wealth Management LLC boosted its holdings in shares of Dakota Gold by 50.3% in the third quarter. SeaCrest Wealth Management LLC now owns 19,711 shares of the company’s stock worth $47,000 after buying an additional 6,600 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Dakota Gold during the third quarter valued at approximately $55,000. 37.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, BMO Capital Markets initiated coverage on Dakota Gold in a research report on Friday, September 6th. They set an “outperform” rating and a $6.00 price objective 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.