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

Dakota Gold Corp. (NYSE:DC) CEO Robert Quartermain purchased 20,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were bought at an average cost of $2.28 per share, with a total value of $45,600.00. Following the acquisition, the chief executive officer now directly owns 7,522,877 shares of the company’s stock, valued at $17,152,159.56. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Dakota Gold Stock Up 8.4 %

NYSE:DC traded up $0.19 during trading hours on Wednesday, hitting $2.51. 455,399 shares of the stock traded hands, compared to its average volume of 226,004. The company has a market cap of $234.62 million, a price-to-earnings ratio of -6.12 and a beta of 1.12. Dakota Gold Corp. has a 1 year low of $1.84 and a 1 year high of $3.25. The stock has a 50 day moving average price of $2.31 and a 200 day moving average price of $2.43.

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

Hedge Funds Weigh In On Dakota Gold

Several large investors have recently made changes to their positions in the business. Euro Pacific Asset Management LLC raised its position in shares of Dakota Gold by 25.8% during the third quarter. Euro Pacific Asset Management LLC now owns 389,320 shares of the company’s stock valued at $923,000 after buying an additional 79,888 shares during the last quarter. Van ECK Associates Corp grew its stake in Dakota Gold by 16.9% during the third quarter. Van ECK Associates Corp now owns 3,441,636 shares of the company’s stock valued at $8,535,000 after acquiring an additional 498,368 shares in the last quarter. Bayshore Asset Management LLC bought a new stake in Dakota Gold in the 3rd quarter valued at $118,000. SeaCrest Wealth Management LLC lifted its stake in Dakota Gold by 50.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 19,711 shares of the company’s stock worth $47,000 after purchasing an additional 6,600 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Dakota Gold during the 3rd quarter valued at about $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 assumed coverage on Dakota Gold in a research note on Friday, September 6th. They issued 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.