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

Dakota Gold Corp. (NYSE:DC) CEO Robert Quartermain purchased 20,000 shares of Dakota Gold stock in a transaction that occurred on Thursday, November 21st. The shares were 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 $16,835,508.17. This represents a 0.26 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through 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 stock was purchased at an average price of $2.28 per share, with a total value of $45,600.00.

Dakota Gold Stock Performance

NYSE:DC opened at $2.24 on Friday. The stock has a market cap of $211.52 million, a price-to-earnings ratio of -5.46 and a beta of 1.12. Dakota Gold Corp. has a one year low of $1.84 and a one year high of $3.25. The business’s 50-day simple moving average is $2.31 and its 200 day simple moving average is $2.41.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Dakota Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Fourth Sail Capital LP boosted its stake in shares of Dakota Gold by 0.3% during the 2nd quarter. Fourth Sail Capital LP now owns 4,635,503 shares of the company’s stock valued at $11,542,000 after buying an additional 13,657 shares during the last quarter. Van ECK Associates Corp raised its holdings in Dakota Gold by 16.9% in 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. Vanguard Group Inc. raised its holdings in 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 acquiring an additional 100,799 shares in the last quarter. Geode Capital Management LLC boosted its stake in 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 acquiring an additional 60,918 shares during the last quarter. Finally, Vestcor Inc grew its holdings 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.

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.