Charles Schwab Investment Management Inc. Sells 12,227 Shares of Dakota Gold Corp. (NYSE:DC)

Charles Schwab Investment Management Inc. lowered its holdings in Dakota Gold Corp. (NYSE:DC) by 6.4% in the 3rd quarter, Holdings Channel reports. The firm owned 179,664 shares of the company’s stock after selling 12,227 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Dakota Gold were worth $424,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DC. Van ECK Associates Corp grew its position in Dakota Gold by 16.9% in the 3rd quarter. Van ECK Associates Corp now owns 3,441,636 shares of the company’s stock worth $8,535,000 after purchasing an additional 498,368 shares during the period. Donald Smith & CO. Inc. purchased a new position in shares of Dakota Gold in the 2nd quarter worth $778,000. Marshall Wace LLP bought a new stake in shares of Dakota Gold in the second quarter worth $666,000. Euro Pacific Asset Management LLC increased its position in Dakota Gold by 25.8% during the third quarter. Euro Pacific Asset Management LLC now owns 389,320 shares of the company’s stock valued at $923,000 after acquiring an additional 79,888 shares during the last quarter. Finally, Bayshore Asset Management LLC bought a new position in Dakota Gold in the third quarter valued at about $118,000. 37.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, BMO Capital Markets initiated coverage on Dakota Gold in a research note on Friday, September 6th. They set an “outperform” rating and a $6.00 price target for the company.

Insider Transactions at Dakota Gold

In other news, CEO Robert Quartermain bought 35,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were bought at an average price of $2.16 per share, for a total transaction of $75,600.00. Following the purchase, the chief executive officer now owns 7,577,877 shares in the company, valued at approximately $16,368,214.32. The trade was a 0.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 85,946 shares of company stock worth $189,863 in the last three months. Corporate insiders own 26.02% of the company’s stock.

Dakota Gold Trading Up 1.0 %

Shares of DC stock opened at $2.10 on Friday. The company has a 50 day simple moving average of $2.27 and a two-hundred day simple moving average of $2.32. The stock has a market cap of $198.30 million, a P/E ratio of -5.12 and a beta of 1.11. Dakota Gold Corp. has a 12 month low of $1.84 and a 12 month high of $3.25.

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.