Geode Capital Management LLC Has $6.83 Million Stake in Dakota Gold Corp. $DC

Geode Capital Management LLC lifted its holdings in Dakota Gold Corp. (NYSE:DC) by 20.6% during the 2nd quarter, Holdings Channel reports. The fund owned 1,850,272 shares of the company’s stock after acquiring an additional 316,043 shares during the quarter. Geode Capital Management LLC’s holdings in Dakota Gold were worth $6,829,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Amundi bought a new position in Dakota Gold in the 1st quarter valued at $2,696,000. Donald Smith & CO. Inc. increased its stake in shares of Dakota Gold by 254.1% in the first quarter. Donald Smith & CO. Inc. now owns 1,080,000 shares of the company’s stock valued at $2,862,000 after buying an additional 775,000 shares in the last quarter. Euro Pacific Asset Management LLC raised its holdings in shares of Dakota Gold by 15.6% in the second quarter. Euro Pacific Asset Management LLC now owns 2,318,912 shares of the company’s stock valued at $8,585,000 after buying an additional 313,162 shares during the last quarter. Nuveen LLC acquired a new position in Dakota Gold during the 1st quarter worth about $738,000. Finally, Anson Funds Management LP bought a new stake in Dakota Gold during the 1st quarter worth about $464,000. 37.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dakota Gold

In related 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 shares were sold at an average price of $4.66, for a total value of $233,000.00. Following the completion of the sale, the director 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 17.40% of the stock is currently owned by corporate insiders.

Dakota Gold Trading Down 0.9%

DC opened at $5.38 on Friday. Dakota Gold Corp. has a 1-year low of $2.05 and a 1-year high of $5.63. The stock has a market capitalization of $609.35 million, a PE ratio of -13.12 and a beta of 1.11. The firm has a 50-day moving average price of $4.46 and a two-hundred day moving average price of $4.15.

Dakota Gold 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.