Dakota Gold Corp. (NYSE:DC) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in shares of Dakota Gold Corp. (NYSE:DC) by 48.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,469 shares of the company’s stock after buying an additional 11,229 shares during the quarter. SG Americas Securities LLC’s holdings in Dakota Gold were worth $76,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DC. SeaCrest Wealth Management LLC grew its stake in shares of Dakota Gold by 50.3% in the third quarter. SeaCrest Wealth Management LLC now owns 19,711 shares of the company’s stock worth $47,000 after purchasing an additional 6,600 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Dakota Gold during the third quarter valued at $55,000. Pitcairn Co. purchased a new stake in shares of Dakota Gold during the third quarter valued at $71,000. Bayshore Asset Management LLC purchased a new stake in Dakota Gold in the 3rd quarter worth about $118,000. Finally, ORG Wealth Partners LLC purchased a new stake in Dakota Gold in the 4th quarter worth about $202,000. 37.41% of the stock is currently owned by institutional investors.

Insider Activity

In other Dakota Gold news, CEO Robert Quartermain bought 20,000 shares of the stock in a transaction on Thursday, November 21st. The shares were purchased at an average price of $2.21 per share, with a total value of $44,200.00. Following the acquisition, the chief executive officer now directly owns 7,617,877 shares of the company’s stock, valued at $16,835,508.17. This represents a 0.26 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have purchased 59,490 shares of company stock valued at $129,543. Insiders own 26.02% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upped their target price on Dakota Gold from $6.00 to $7.50 and gave the stock an “outperform” rating in a research report on Monday.

Dakota Gold Stock Performance

Shares of NYSE DC opened at $3.25 on Friday. The firm has a market cap of $306.90 million, a price-to-earnings ratio of -7.93 and a beta of 1.10. The business’s 50-day simple moving average is $2.34 and its 200-day simple moving average is $2.28. Dakota Gold Corp. has a 52 week low of $1.84 and a 52 week high of $3.35.

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.