Van ECK Associates Corp Has $8.54 Million Stake in Dakota Gold Corp. (NYSE:DC)

Van ECK Associates Corp boosted its stake in Dakota Gold Corp. (NYSE:DC) by 16.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,441,636 shares of the company’s stock after buying an additional 498,368 shares during the quarter. Van ECK Associates Corp owned approximately 3.91% of Dakota Gold worth $8,535,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Donald Smith & CO. Inc. bought a new position in shares of Dakota Gold during the 2nd quarter worth $778,000. Marshall Wace LLP bought a new position in shares of Dakota Gold during the 2nd quarter worth $666,000. Vanguard Group Inc. grew its stake in shares of Dakota Gold by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 2,866,104 shares of the company’s stock worth $6,793,000 after acquiring an additional 100,799 shares during the period. Bayshore Asset Management LLC bought a new position in shares of Dakota Gold during the 3rd quarter worth $118,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Dakota Gold by 32.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 194,347 shares of the company’s stock worth $496,000 after acquiring an additional 47,172 shares during the period. 37.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, BMO Capital Markets assumed coverage on Dakota Gold in a research note on Friday, September 6th. They set an “outperform” rating and a $6.00 price target for the company.

Dakota Gold Stock Up 8.4 %

Shares of NYSE DC opened at $2.51 on Thursday. Dakota Gold Corp. has a 52 week low of $1.84 and a 52 week high of $3.25. The business has a 50-day simple moving average of $2.31 and a two-hundred day simple moving average of $2.43. The company has a market cap of $234.62 million, a P/E ratio of -6.11 and a beta of 1.12.

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

Insider Buying and Selling at Dakota Gold

In other Dakota Gold news, CEO Robert Quartermain purchased 20,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were purchased at an average price of $2.28 per share, with a total value of $45,600.00. Following the acquisition, the chief executive officer now directly owns 7,522,877 shares in the company, valued at approximately $17,152,159.56. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 26.02% 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.