Dakota Gold (NYSE:DC) Insider Sells 1,906 Shares of Stock

Dakota Gold Corp. (NYSE:DC) insider Shawn Campbell sold 1,906 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $6.03, for a total transaction of $11,493.18. Following the transaction, the insider owned 356,401 shares of the company’s stock, valued at $2,149,098.03. This represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Dakota Gold Stock Down 1.5%

Shares of NYSE DC traded down $0.09 during trading on Friday, hitting $5.81. The company had a trading volume of 1,196,985 shares, compared to its average volume of 1,557,887. The stock has a fifty day simple moving average of $5.34 and a two-hundred day simple moving average of $5.41. Dakota Gold Corp. has a fifty-two week low of $3.79 and a fifty-two week high of $7.25. The firm has a market capitalization of $779.55 million, a price-to-earnings ratio of -14.17 and a beta of 1.23.

Hedge Funds Weigh In On Dakota Gold

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Dakota Gold in the 2nd quarter valued at $37,299,000. Donald Smith & CO. Inc. purchased a new position in shares of Dakota Gold during the 2nd quarter worth $4,601,000. Groupe la Francaise raised its holdings in shares of Dakota Gold by 154.5% during the 1st quarter. Groupe la Francaise now owns 1,400,000 shares of the company’s stock worth $7,041,000 after acquiring an additional 850,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Dakota Gold during the 2nd quarter valued at about $2,821,000. Finally, Amundi boosted its position in shares of Dakota Gold by 43.3% during the 1st quarter. Amundi now owns 2,150,000 shares of the company’s stock valued at $10,858,000 after acquiring an additional 650,000 shares during the last quarter. 37.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DC has been the topic of several research analyst reports. HC Wainwright reiterated a “buy” rating on shares of Dakota Gold in a report on Friday. Canaccord Genuity Group increased their target price on Dakota Gold from $16.00 to $18.00 and gave the company a “speculative buy” rating in a report on Tuesday, May 26th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Dakota Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.44.

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.