Pitcairn Co. Invests $71,000 in Dakota Gold Corp. (NYSE:DC)

Pitcairn Co. acquired a new position in Dakota Gold Corp. (NYSE:DC) during the 3rd quarter, Holdings Channel reports. The firm acquired 29,954 shares of the company’s stock, valued at approximately $71,000.

Several other institutional investors have also recently made changes to their positions in DC. Vanguard Group Inc. lifted its stake in shares of Dakota Gold by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 2,866,104 shares of the company’s stock worth $6,793,000 after purchasing an additional 100,799 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Dakota Gold by 28.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,562 shares of the company’s stock worth $37,000 after purchasing an additional 3,437 shares during the period. Virtu Financial LLC bought a new position in shares of Dakota Gold in the 1st quarter worth approximately $42,000. Corundum Trust Company INC bought a new position in shares of Dakota Gold in the 2nd quarter worth approximately $38,000. Finally, Bank of New York Mellon Corp increased its holdings in Dakota Gold by 32.1% in 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 in the last quarter. Institutional investors own 37.41% of the company’s stock.

Dakota Gold Trading Up 0.5 %

Dakota Gold stock opened at $2.20 on Friday. The firm has a 50 day moving average of $2.30 and a 200 day moving average of $2.40. The firm has a market capitalization of $207.75 million, a price-to-earnings ratio of -5.37 and a beta of 1.12. Dakota Gold Corp. has a 12-month low of $1.84 and a 12-month high of $3.25.

Insider Buying and Selling

In related news, CEO Robert Quartermain acquired 20,000 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was acquired 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 directly owns 7,617,877 shares in the company, valued at $16,835,508.17. This represents a 0.26 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders bought 85,946 shares of company stock valued at $189,863. 26.02% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets began coverage on shares of Dakota Gold in a report on Friday, September 6th. They issued an “outperform” rating and a $6.00 target price for the company.

About Dakota Gold

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.