Rhumbline Advisers Has $206,000 Stake in Dakota Gold Corp. (NYSE:DC)

Rhumbline Advisers boosted its holdings in Dakota Gold Corp. (NYSE:DC) by 17.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,867 shares of the company’s stock after purchasing an additional 11,926 shares during the quarter. Rhumbline Advisers owned 0.09% of Dakota Gold worth $206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orion Resource Partners USA LP bought a new stake in shares of Dakota Gold in the 4th quarter valued at $17,467,000. Van ECK Associates Corp grew its position in Dakota Gold by 3.7% during the first quarter. Van ECK Associates Corp now owns 3,614,465 shares of the company’s stock valued at $8,566,000 after buying an additional 130,099 shares during the period. Vanguard Group Inc. boosted its position in Dakota Gold by 3.6% during the first 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. Bank of New York Mellon Corp boosted its position in Dakota Gold by 32.1% during the second quarter. Bank of New York Mellon Corp now owns 194,347 shares of the company’s stock worth $496,000 after purchasing an additional 47,172 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Dakota Gold in the first quarter worth about $42,000. 37.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Dakota Gold Stock Performance

Shares of Dakota Gold stock opened at $2.38 on Friday. Dakota Gold Corp. has a 52-week low of $1.84 and a 52-week high of $3.25. The stock has a market capitalization of $222.91 million, a price-to-earnings ratio of -5.41 and a beta of 1.11. The company’s 50 day moving average price is $2.23 and its 200-day moving average price is $2.45.

Dakota Gold (NYSE:DC) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.10) earnings per share for the quarter.

Insider Activity

In other Dakota Gold news, CAO Patrick Shay Malone sold 27,000 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $2.45, for a total value of $66,150.00. Following the completion of the transaction, the chief accounting officer now owns 228,846 shares of the company’s stock, valued at approximately $560,672.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 26.02% 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.