Jennifer Grafton Sells 15,511 Shares of Dakota Gold (NYSE:DC) Stock

Dakota Gold Corp. (NYSE:DC) Director Jennifer Grafton sold 15,511 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.56, for a total transaction of $86,241.16. Following the transaction, the director owned 144,560 shares in the company, valued at $803,753.60. This represents a 9.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dakota Gold Price Performance

Dakota Gold stock opened at $5.39 on Thursday. The firm has a market capitalization of $721.87 million, a PE ratio of -13.15 and a beta of 1.14. The company’s 50-day moving average is $5.50 and its 200-day moving average is $5.56. Dakota Gold Corp. has a fifty-two week low of $2.88 and a fifty-two week high of $7.25.

Institutional Trading of Dakota Gold

Hedge funds and other institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC boosted its holdings in shares of Dakota Gold by 105.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,203 shares of the company’s stock worth $41,000 after buying an additional 3,703 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Dakota Gold by 120.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company’s stock worth $31,000 after buying an additional 4,541 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Dakota Gold in the fourth quarter valued at about $55,000. Financial Engines Advisors L.L.C. bought a new position in Dakota Gold during the third quarter worth about $46,000. Finally, Sherbrooke Park Advisers LLC bought a new position in Dakota Gold during the third quarter worth about $46,000. Institutional investors own 37.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce assumed coverage on shares of Dakota Gold in a research note on Tuesday, May 5th. They set an “outperform” rating and a $11.00 price objective on the stock. HC Wainwright restated a “buy” rating and set a $10.50 price objective on shares of Dakota Gold in a research note on Wednesday, April 22nd. Finally, Scotiabank assumed coverage on shares of Dakota Gold in a report on Monday, February 23rd. They set a “sector outperform” rating and a $10.00 target price for the company. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

About Dakota Gold

Dakota Gold Corp (NYSE:DC) is a mineral exploration and development company focused on advancing gold projects within the United States. The company’s primary asset is the historic Homestake District in South Dakota’s Black Hills, where it seeks to redevelop gold-bearing tailings and low?grade ore volumes for open?pit heap leach processing. Dakota Gold pursues a staged approach, combining exploration, resource delineation and economic studies to unlock value from legacy mine materials.

The firm’s flagship property comprises sealed tailings impoundments and adjacent low?grade stockpiles left over from the Homestake Gold Mine, which operated from 1876 until 2002.