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

Dakota Gold Corp. (NYSE:DC - Get Free Report) CEO Robert Quartermain bought 20,000 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average cost of $2.21 per share, for a total transaction of $44,200.00. Following the completion of the transaction, the chief executive officer now directly owns 7,617,877 shares in the company, valued at approximately $16,835,508.17. The trade was a 0.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

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

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

Dakota Gold Price Performance

Shares of Dakota Gold stock traded down $0.01 during mid-day trading on Friday, hitting $2.24. 232,987 shares of the stock were exchanged, compared to its average volume of 261,816. Dakota Gold Corp. has a twelve month low of $1.84 and a twelve month high of $3.25. The company has a 50-day simple moving average of $2.31 and a 200 day simple moving average of $2.41.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Fourth Sail Capital LP boosted its position in Dakota Gold by 0.3% during the 2nd quarter. Fourth Sail Capital LP now owns 4,635,503 shares of the company's stock worth $11,542,000 after purchasing an additional 13,657 shares during the period. Van ECK Associates Corp boosted its position in shares of Dakota Gold by 16.9% in the third quarter. Van ECK Associates Corp now owns 3,441,636 shares of the company's stock worth $8,535,000 after buying an additional 498,368 shares during the period. Vanguard Group Inc. grew its stake in shares of Dakota Gold by 3.6% in the first quarter. Vanguard Group Inc. now owns 2,866,104 shares of the company's stock valued at $6,793,000 after buying an additional 100,799 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Dakota Gold by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,458,553 shares of the company's stock valued at $3,443,000 after buying an additional 60,918 shares during the period. Finally, Vestcor Inc lifted its position in Dakota Gold by 2.9% during the 3rd quarter. Vestcor Inc now owns 1,029,495 shares of the company's stock worth $2,430,000 after acquiring an additional 29,495 shares in the last quarter. 37.41% of the stock is currently owned by hedge funds and other institutional investors.

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.