Van ECK Associates Corp Purchases 39,581 Shares of Dakota Gold Corp. (NYSE:DC)

Van ECK Associates Corp increased its position in Dakota Gold Corp. (NYSE:DC) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,481,217 shares of the company’s stock after purchasing an additional 39,581 shares during the period. Van ECK Associates Corp owned approximately 3.69% of Dakota Gold worth $7,659,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DC. Virtu Financial LLC bought a new position in Dakota Gold during the 3rd quarter valued at about $55,000. SG Americas Securities LLC purchased a new stake in shares of Dakota Gold during the 3rd quarter valued at about $55,000. Pitcairn Co. purchased a new stake in shares of Dakota Gold during the 3rd quarter valued at about $71,000. Bayshore Asset Management LLC purchased a new stake in shares of Dakota Gold during the 3rd quarter valued at about $118,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Dakota Gold during the 4th quarter valued at about $202,000. Institutional investors own 37.41% of the company’s stock.

Dakota Gold Stock Down 6.8 %

NYSE DC opened at $3.03 on Tuesday. Dakota Gold Corp. has a 52 week low of $1.84 and a 52 week high of $3.35. The firm has a market capitalization of $286.12 million, a P/E ratio of -7.39 and a beta of 1.10. The company has a 50-day moving average price of $2.39 and a 200-day moving average price of $2.30.

Insider Activity

In other news, CEO Robert Quartermain bought 20,000 shares of Dakota Gold stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average cost of $2.21 per share, with a total value of $44,200.00. Following the acquisition, the chief executive officer now owns 7,617,877 shares of the company’s stock, valued at $16,835,508.17. The trade was a 0.26 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 26.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets upped their price target on shares of Dakota Gold from $6.00 to $7.50 and gave the company an “outperform” rating in a research report on Monday, February 10th.

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.