Dakota Gold Corp. (NYSE:DC – Get Rating)'s share price rose 5.7% during mid-day trading on Wednesday . The stock traded as high as $3.78 and last traded at $3.71. Approximately 76,291 shares traded hands during trading, a decline of 22% from the average daily volume of 97,752 shares. The stock had previously closed at $3.51.
Dakota Gold Price Performance
The business has a 50-day simple moving average of $3.40.
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Dakota Gold (NYSE:DC – Get Rating) last released its earnings results on Tuesday, November 8th. The company reported ($0.09) earnings per share (EPS) for the quarter.
Insiders Place Their Bets
In related news, Director Alice D. Schroeder purchased 41,995 shares of the firm's stock in a transaction that occurred on Friday, December 16th. The stock was acquired at an average price of $3.02 per share, for a total transaction of $126,824.90. Following the completion of the acquisition, the director now owns 126,765 shares of the company's stock, valued at approximately $382,830.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through
the SEC website. In other news, Director Alice D. Schroeder purchased 41,995 shares of the company's stock in a transaction dated Friday, December 16th. The shares were purchased at an average price of $3.02 per share, with a total value of $126,824.90. Following the transaction, the director now directly owns 126,765 shares of the company's stock, valued at $382,830.30. The purchase was disclosed in a document filed with the SEC, which is available through
the SEC website. Also, Director Alice D. Schroeder acquired 20,000 shares of the company's stock in a transaction that occurred on Monday, December 19th. The shares were bought at an average cost of $2.88 per share, for a total transaction of $57,600.00. Following the acquisition, the director now directly owns 146,765 shares in the company, valued at approximately $422,683.20. The disclosure for this purchase can be found
here. 30.00% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Dakota Gold
Several institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can lifted its stake in shares of Dakota Gold by 73.5% in the 4th quarter. Bank of Montreal Can now owns 49,881 shares of the company's stock valued at $164,000 after purchasing an additional 21,127 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Dakota Gold by 30.7% in the third quarter. Bank of New York Mellon Corp now owns 145,170 shares of the company's stock worth $443,000 after acquiring an additional 34,108 shares during the period. State Street Corp lifted its position in Dakota Gold by 37.5% during the third quarter. State Street Corp now owns 464,170 shares of the company's stock valued at $1,416,000 after purchasing an additional 126,691 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Dakota Gold by 44.8% in the third quarter. Vanguard Group Inc. now owns 2,417,492 shares of the company's stock valued at $7,373,000 after acquiring an additional 748,405 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Dakota Gold by 32.0% in the third quarter. BlackRock Inc. now owns 2,840,979 shares of the company's stock worth $8,666,000 after purchasing an additional 689,258 shares during the last quarter. 23.67% of the stock is currently owned by hedge funds and other institutional investors.
About Dakota Gold
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Dakota Gold Corp. engages in the acquisition and exploration of mineral properties. It primarily explores for gold deposits. The company holds 100% interest in the Blind Gold, City Creek, Homestake Paleoplacer, Tinton, West Corridor, Ragged Top, Poorman Anticline, Maitland, and South Lead/Whistler Gulch projects located Homestake District, South Dakota.
Further Reading
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