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

Geode Capital Management LLC grew its holdings in Dakota Gold Corp. (NYSE:DC) by 20.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,850,272 shares of the company’s stock after buying an additional 316,043 shares during the quarter. Geode Capital Management LLC owned 1.65% of Dakota Gold worth $6,829,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Rhumbline Advisers increased its stake in Dakota Gold by 3.1% in the first quarter. Rhumbline Advisers now owns 117,416 shares of the company’s stock valued at $311,000 after acquiring an additional 3,543 shares during the period. Nisa Investment Advisors LLC lifted its stake in Dakota Gold by 109.8% during the second 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. Ethic Inc. boosted its holdings in Dakota Gold by 11.5% during the second quarter. Ethic Inc. now owns 59,871 shares of the company’s stock valued at $226,000 after purchasing an additional 6,177 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Dakota Gold by 14.9% in the 1st quarter. Jane Street Group LLC now owns 58,867 shares of the company’s stock valued at $156,000 after purchasing an additional 7,626 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Dakota Gold by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 210,091 shares of the company’s stock worth $557,000 after buying an additional 8,249 shares in the last quarter. 37.41% of the stock is owned by institutional investors.

Dakota Gold Price Performance

Dakota Gold stock opened at $5.38 on Friday. The business has a 50 day simple moving average of $4.46 and a 200 day simple moving average of $4.15. The company has a market capitalization of $609.35 million, a PE ratio of -13.12 and a beta of 1.11. Dakota Gold Corp. has a one year low of $2.05 and a one year high of $5.63.

Insider Activity

In other Dakota Gold news, Director Stephen T. O’rourke sold 50,000 shares of Dakota Gold stock in a transaction on Monday, October 20th. The stock was sold at an average price of $4.66, for a total transaction of $233,000.00. Following the completion of the transaction, the director directly owned 918,199 shares of the company’s stock, valued at approximately $4,278,807.34. This trade represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 17.40% 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.