Dakota Gold (NYSE:DC) Director Sells $267,000.00 in Stock

Dakota Gold Corp. (NYSE:DC) Director Stephen O’rourke sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $5.34, for a total transaction of $267,000.00. Following the completion of the transaction, the director directly owned 1,018,199 shares of the company’s stock, valued at approximately $5,437,182.66. This represents a 4.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dakota Gold Stock Up 1.2%

DC stock opened at $4.29 on Thursday. The stock has a market capitalization of $481.96 million, a price-to-earnings ratio of -10.46 and a beta of 1.15. The stock’s fifty day simple moving average is $4.51 and its 200-day simple moving average is $3.80. Dakota Gold Corp. has a 52-week low of $2.05 and a 52-week high of $5.51.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reaffirmed an “outperform” rating and set a $9.00 price objective (up previously from $7.50) on shares of Dakota Gold in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $10.50.

Hedge Funds Weigh In On Dakota Gold

A number of institutional investors and hedge funds have recently bought and sold shares of DC. Nisa Investment Advisors LLC lifted its holdings in Dakota Gold by 109.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 7,070 shares of the company’s stock worth $26,000 after buying an additional 3,700 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Dakota Gold by 120.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company’s stock valued at $31,000 after acquiring an additional 4,541 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in Dakota Gold by 130.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,788 shares of the company’s stock worth $32,000 after acquiring an additional 4,978 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Dakota Gold during the second quarter valued at approximately $59,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Dakota Gold in the 2nd quarter valued at approximately $64,000. Hedge funds and other institutional investors own 37.41% 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.