Dakota Gold Corp. (NYSE:DC) CEO Acquires $44,200.00 in Stock

Dakota Gold Corp. (NYSE:DC) CEO Robert Quartermain acquired 20,000 shares of the stock in a transaction on Thursday, November 21st. The shares were purchased at an average price of $2.21 per share, for a total transaction of $44,200.00. Following the transaction, the chief executive officer now directly owns 7,617,877 shares in the company, valued at approximately $16,835,508.17. This trade represents a 0.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Robert Quartermain also recently made the following trade(s):

• On Tuesday, November 19th, Robert Quartermain acquired 35,000 shares of Dakota Gold stock. The shares were purchased at an average price of $2.16 per share, for a total transaction of $75,600.00.
• On Tuesday, November 5th, Robert Quartermain bought 20,000 shares of Dakota Gold stock. The shares were bought at an average cost of $2.28 per share, for a total transaction of $45,600.00.

Dakota Gold Trading Down 0.4 %

Shares of DC stock opened at $2.24 on Monday. The business’s 50-day moving average price is $2.31 and its 200-day moving average price is $2.41. Dakota Gold Corp. has a 12 month low of $1.84 and a 12 month high of $3.25. The firm has a market capitalization of $211.52 million, a price-to-earnings ratio of -5.46 and a beta of 1.12.

Institutional Investors Weigh In On Dakota Gold

Hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its holdings 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 worth $37,000 after buying an additional 3,437 shares in the last quarter. Corundum Trust Company INC purchased a new position in Dakota Gold during the 2nd quarter worth $38,000. Virtu Financial LLC bought a new stake in shares of Dakota Gold in the 1st quarter worth $42,000. SeaCrest Wealth Management LLC raised 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 valued at $47,000 after purchasing an additional 6,600 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Dakota Gold during the third quarter valued at about $55,000. 37.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.