Dakota Gold (NYSE:DC) Trading Up 12.3% – Still a Buy?

Shares of Dakota Gold Corp. (NYSE:DC) were up 12.3% during trading on Wednesday . The company traded as high as $5.05 and last traded at $5.1750. Approximately 1,039,562 shares changed hands during mid-day trading, an increase of 45% from the average daily volume of 716,789 shares. The stock had previously closed at $4.61.

Dakota Gold Stock Performance

The company has a market capitalization of $601.99 million, a price-to-earnings ratio of -12.96 and a beta of 1.13. The business’s 50-day simple moving average is $4.41 and its 200-day simple moving average is $4.11.

Insider Buying and Selling at Dakota Gold

In other news, Director Stephen T. O’rourke sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $4.66, for a total value of $233,000.00. Following the completion of the sale, the director directly owned 918,199 shares of the company’s stock, valued at $4,278,807.34. This trade represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 17.40% of the stock is owned by corporate insiders.

Institutional Trading of Dakota Gold

A number of institutional investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its stake in Dakota Gold by 3.1% during the first quarter. Rhumbline Advisers now owns 117,416 shares of the company’s stock worth $311,000 after acquiring an additional 3,543 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Dakota Gold by 109.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 7,070 shares of the company’s stock worth $26,000 after purchasing an additional 3,700 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Dakota Gold by 15.8% in the second quarter. The Manufacturers Life Insurance Company now owns 32,058 shares of the company’s stock worth $118,000 after purchasing an additional 4,377 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Dakota Gold by 120.5% in the second quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company’s stock worth $31,000 after acquiring an additional 4,541 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its stake in Dakota Gold by 130.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,788 shares of the company’s stock worth $32,000 after purchasing an additional 4,978 shares in the last quarter. Institutional investors own 37.41% of the company’s stock.

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.