MetLife Investment Management LLC Sells 11,049 Shares of Dakota Gold Corp. (NYSE:DC)

MetLife Investment Management LLC reduced its stake in Dakota Gold Corp. (NYSE:DC) by 29.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 26,516 shares of the company’s stock after selling 11,049 shares during the period. MetLife Investment Management LLC’s holdings in Dakota Gold were worth $63,000 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 stock. Price T Rowe Associates Inc. MD lifted its holdings in Dakota Gold by 28.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,562 shares of the company’s stock valued at $37,000 after purchasing an additional 3,437 shares during the last quarter. Corundum Trust Company INC purchased a new stake in shares of Dakota Gold in the second quarter worth about $38,000. SeaCrest Wealth Management LLC boosted its position in shares of Dakota Gold by 50.3% in the third quarter. SeaCrest Wealth Management LLC now owns 19,711 shares of the company’s stock valued at $47,000 after acquiring an additional 6,600 shares during the period. SG Americas Securities LLC bought a new position in shares of Dakota Gold in the third quarter valued at approximately $55,000. Finally, Pitcairn Co. purchased a new position in Dakota Gold during the third quarter valued at approximately $71,000. 37.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Dakota Gold news, CEO Robert Quartermain bought 20,000 shares of Dakota Gold stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average cost of $2.28 per share, for a total transaction of $45,600.00. Following the completion of the transaction, the chief executive officer now directly owns 7,522,877 shares in the company, valued at $17,152,159.56. This represents a 0.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders acquired a total of 85,946 shares of company stock worth $189,863 over the last ninety days. 26.02% of the stock is owned by corporate insiders.

Dakota Gold Stock Up 0.4 %

Dakota Gold stock opened at $2.28 on Wednesday. Dakota Gold Corp. has a 52 week low of $1.84 and a 52 week high of $3.25. The business has a 50-day simple moving average of $2.27 and a 200 day simple moving average of $2.35. The stock has a market cap of $215.30 million, a price-to-earnings ratio of -5.56 and a beta of 1.11.

Wall Street Analyst Weigh In

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

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.