Dakota Gold (NYSE:DC) CEO Robert Quartermain Sells 250,000 Shares of Stock

Dakota Gold Corp. (NYSE:DC) CEO Robert Quartermain sold 250,000 shares of the business’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $6.88, for a total transaction of $1,720,000.00. Following the transaction, the chief executive officer owned 7,493,244 shares in the company, valued at $51,553,518.72. This represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Dakota Gold Price Performance

Shares of DC opened at $6.87 on Friday. The company has a 50-day simple moving average of $5.51 and a two-hundred day simple moving average of $4.72. The firm has a market capitalization of $778.11 million, a PE ratio of -16.76 and a beta of 1.08. Dakota Gold Corp. has a one year low of $2.21 and a one year high of $7.11.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DC. Nisa Investment Advisors LLC boosted its holdings in Dakota Gold by 109.8% in the second quarter. Nisa Investment Advisors LLC now owns 7,070 shares of the company’s stock worth $26,000 after acquiring an additional 3,700 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Dakota Gold by 120.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company’s stock worth $31,000 after purchasing an additional 4,541 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Dakota Gold by 130.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,788 shares of the company’s stock worth $32,000 after purchasing an additional 4,978 shares in the last quarter. GSA Capital Partners LLP bought a new position in Dakota Gold in the 3rd quarter worth about $46,000. Finally, Financial Engines Advisors L.L.C. purchased a new stake in Dakota Gold during the 3rd quarter valued at about $46,000. Hedge funds and other institutional investors own 37.41% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. HC Wainwright began coverage on Dakota Gold in a research report on Monday, January 5th. They set a “buy” rating and a $9.75 price target on the stock. Zacks Research upgraded shares of Dakota Gold to a “hold” rating in a report on Tuesday, January 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.25.

Dakota Gold Company Profile

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.