Insider Buying: Dakota Gold Corp. (NYSE:DC) COO Purchases 6,456 Shares of Stock

Dakota Gold Corp. (NYSE:DC) COO Gerald Michael Aberle bought 6,456 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was acquired at an average cost of $2.28 per share, for a total transaction of $14,719.68. Following the purchase, the chief operating officer now owns 4,352,519 shares in the company, valued at approximately $9,923,743.32. This trade represents a 0.15 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Dakota Gold Stock Performance

Shares of DC stock opened at $2.21 on Friday. Dakota Gold Corp. has a 1 year low of $1.84 and a 1 year high of $3.25. The stock has a market cap of $206.99 million, a PE ratio of -5.39 and a beta of 1.12. The business’s fifty day moving average is $2.32 and its 200-day moving average is $2.43.

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

Analyst Ratings Changes

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 objective on the stock.

Institutional Investors Weigh In On Dakota Gold

A number of large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its position in shares of Dakota Gold by 16.9% during the 3rd 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. Marshall Wace LLP bought a new position in shares of Dakota Gold during the second quarter worth $666,000. Renaissance Technologies LLC grew its position in shares of Dakota Gold by 15.3% in 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 period. Bank of New York Mellon Corp raised its stake in shares of Dakota Gold by 32.1% in 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 period. Finally, Vanguard Group Inc. boosted its holdings in Dakota Gold by 3.6% during the first quarter. Vanguard Group Inc. now owns 2,866,104 shares of the company’s stock worth $6,793,000 after purchasing an additional 100,799 shares during the last quarter. Institutional investors own 37.41% of the company’s 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.