Dakota Gold Corp. (NYSE:DC) CEO Robert Quartermain Acquires 20,000 Shares

Dakota Gold Corp. (NYSE:DC) CEO Robert Quartermain purchased 20,000 shares of the business’s stock in a transaction that occurred 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 completion of the acquisition, the chief executive officer now owns 7,617,877 shares of the company’s stock, valued at $16,835,508.17. The trade was a 0.26 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

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

Dakota Gold Stock Performance

NYSE:DC traded down $0.01 during midday trading on Friday, reaching $2.24. 11,880 shares of the stock traded hands, compared to its average volume of 226,272. The company has a fifty day moving average of $2.31 and a 200 day moving average of $2.42. Dakota Gold Corp. has a 12 month low of $1.84 and a 12 month high of $3.25. The stock has a market capitalization of $211.52 million, a P/E ratio of -5.45 and a beta of 1.12.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DC. Van ECK Associates Corp increased its stake in shares of Dakota Gold by 16.9% in the 3rd quarter. Van ECK Associates Corp now owns 3,441,636 shares of the company’s stock worth $8,535,000 after acquiring an additional 498,368 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Dakota Gold in the 2nd quarter worth about $666,000. Renaissance Technologies LLC grew its position in Dakota Gold by 15.3% during the 2nd quarter. Renaissance Technologies LLC now owns 44,500 shares of the company’s stock valued at $113,000 after purchasing an additional 5,900 shares during the last quarter. Bank of New York Mellon Corp grew its position in Dakota Gold by 32.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 194,347 shares of the company’s stock valued at $496,000 after purchasing an additional 47,172 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Dakota Gold by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 2,866,104 shares of the company’s stock valued at $6,793,000 after acquiring an additional 100,799 shares during the last quarter. 37.41% of the stock is currently owned by institutional investors.

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.