Dakota Gold (NYSE:DC) Stock Price Down 6.5%

Posted by on Apr 13th, 2023

Dakota Gold Corp. (NYSE:DC – Get Rating)’s share price traded down 6.5% during trading on Wednesday . The company traded as low as $3.17 and last traded at $3.17. 199,875 shares traded hands during trading, an increase of 10% from the average session volume of 182,270 shares. The stock had previously closed at $3.39.

Dakota Gold Stock Performance

The firm has a 50-day simple moving average of $3.25 and a two-hundred day simple moving average of $3.35.

Insiders Place Their Bets

In related news, CEO Jonathan T. Awde sold 170,000 shares of the business’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $3.01, for a total value of $511,700.00. Following the completion of the sale, the chief executive officer now owns 5,602,091 shares of the company’s stock, valued at approximately $16,862,293.91. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Dakota Gold news, Director Alice D. Schroeder acquired 20,000 shares of the business’s stock in a transaction on Monday, February 27th. The stock was bought at an average price of $2.80 per share, for a total transaction of $56,000.00. Following the acquisition, the director now owns 186,809 shares in the company, valued at $523,065.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jonathan T. Awde sold 170,000 shares of the stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $3.01, for a total value of $511,700.00. Following the completion of the sale, the chief executive officer now directly owns 5,602,091 shares of the company’s stock, valued at approximately $16,862,293.91. The disclosure for this sale can be found here. Over the last quarter, insiders bought 50,659 shares of company stock worth $145,585. Company insiders own 30.00% of the company’s stock.

Institutional Investors Weigh In On Dakota Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Dakota Gold by 44.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,417,492 shares of the company’s stock worth $7,373,000 after purchasing an additional 748,405 shares in the last quarter. BlackRock Inc. increased its stake in shares of Dakota Gold by 32.0% during the third quarter. BlackRock Inc. now owns 2,840,979 shares of the company’s stock worth $8,666,000 after buying an additional 689,258 shares during the period. CI Investments Inc. raised its holdings in Dakota Gold by 8.2% in the fourth quarter. CI Investments Inc. now owns 2,777,759 shares of the company’s stock valued at $8,472,000 after acquiring an additional 210,322 shares in the last quarter. Van ECK Associates Corp lifted its stake in Dakota Gold by 6.8% in the fourth quarter. Van ECK Associates Corp now owns 2,953,006 shares of the company’s stock worth $9,007,000 after acquiring an additional 189,123 shares during the last quarter. Finally, Euro Pacific Asset Management LLC acquired a new position in Dakota Gold during the 4th quarter worth approximately $560,000. Institutional investors and hedge funds own 23.67% of the company’s stock.

About Dakota Gold

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Dakota Gold Corp. engages in the acquisition and exploration of mineral properties. It primarily explores for gold deposits. The company holds 100% interest in the Blind Gold, City Creek, Homestake Paleoplacer, Tinton, West Corridor, Ragged Top, Poorman Anticline, Maitland, and South Lead/Whistler Gulch projects located Homestake District, South Dakota.

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