Dakota Gold (NYSE:DC) Reaches New 1-Year High – Time to Buy?

Dakota Gold Corp. (NYSE:DC) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $5.71 and last traded at $5.66, with a volume of 985700 shares changing hands. The stock had previously closed at $5.49.

Dakota Gold Price Performance

The firm has a market capitalization of $641.06 million, a price-to-earnings ratio of -13.80 and a beta of 1.11. The business’s 50-day moving average price is $4.49 and its 200 day moving average price is $4.20.

Insider Buying and Selling

In other Dakota Gold news, Director Stephen T. O’rourke sold 50,000 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $4.66, for a total value of $233,000.00. Following the transaction, the director owned 918,199 shares in the company, valued at $4,278,807.34. The trade was a 5.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 17.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dakota Gold

Several institutional investors and hedge funds have recently made changes to their positions in DC. Vanguard Group Inc. boosted its holdings in Dakota Gold by 0.9% in the third quarter. Vanguard Group Inc. now owns 4,814,323 shares of the company’s stock worth $21,905,000 after purchasing an additional 41,992 shares during the period. Franklin Resources Inc. lifted its position in shares of Dakota Gold by 10.9% in the 3rd quarter. Franklin Resources Inc. now owns 2,795,077 shares of the company’s stock worth $12,718,000 after buying an additional 275,077 shares during the last quarter. Euro Pacific Asset Management LLC boosted its holdings in shares of Dakota Gold by 15.4% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 2,677,080 shares of the company’s stock valued at $12,171,000 after buying an additional 358,168 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Dakota Gold by 20.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,850,272 shares of the company’s stock valued at $6,829,000 after buying an additional 316,043 shares during the period. Finally, Amundi grew its position in shares of Dakota Gold by 46.3% during the 3rd quarter. Amundi now owns 1,500,000 shares of the company’s stock valued at $6,900,000 after buying an additional 475,000 shares during the last quarter. 37.41% of the stock is currently owned by hedge funds and other institutional investors.

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.