Euro Pacific Asset Management LLC Raises Stake in Dakota Gold Corp. (NYSE:DC)

Euro Pacific Asset Management LLC lifted its stake in Dakota Gold Corp. (NYSE:DC) by 25.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 389,320 shares of the company’s stock after purchasing an additional 79,888 shares during the period. Euro Pacific Asset Management LLC’s holdings in Dakota Gold were worth $923,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased 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 buying an additional 498,368 shares in the last quarter. Bayshore Asset Management LLC purchased a new position in Dakota Gold in the 3rd quarter valued at approximately $118,000. SeaCrest Wealth Management LLC raised its holdings in Dakota Gold by 50.3% during 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 during the last quarter. SG Americas Securities LLC purchased a new stake in Dakota Gold during the third quarter worth $55,000. Finally, Marshall Wace LLP acquired a new stake in Dakota Gold in the second quarter valued at $666,000. Hedge funds and other institutional investors own 37.41% of the company’s stock.

Insider Transactions at Dakota Gold

In other Dakota Gold news, CEO Robert Quartermain bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of $2.28 per share, for a total transaction of $45,600.00. Following the completion of the purchase, the chief executive officer now owns 7,522,877 shares of the company’s stock, valued at $17,152,159.56. This trade represents a 0.27 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 26.02% of the company’s stock.

Dakota Gold Stock Performance

Shares of NYSE:DC opened at $2.16 on Friday. The business’s fifty day moving average price is $2.32 and its two-hundred day moving average price is $2.42. The stock has a market cap of $202.31 million, a PE ratio of -5.27 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.

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

Wall Street Analyst Weigh In

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

Dakota Gold 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.