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

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

Dakota Gold Price Performance

Dakota Gold stock traded down $0.14 during mid-day trading on Tuesday, reaching $5.44. 1,481,266 shares of the company were exchanged, compared to its average volume of 1,634,999. The company has a fifty day simple moving average of $5.51 and a 200-day simple moving average of $5.55. Dakota Gold Corp. has a 12 month low of $2.88 and a 12 month high of $7.25. The firm has a market cap of $726.33 million, a PE ratio of -13.27 and a beta of 1.14.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DC. HC Wainwright reiterated a “buy” rating and issued a $10.50 price target on shares of Dakota Gold in a research note on Wednesday, April 22nd. Canadian Imperial Bank of Commerce began coverage on Dakota Gold in a research note on Tuesday, May 5th. They issued an “outperform” rating and a $11.00 price target on the stock. Finally, Scotiabank began coverage on Dakota Gold in a research note on Monday, February 23rd. They issued a “sector outperform” rating and a $10.00 price target on the stock. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Dakota Gold currently has a consensus rating of “Moderate Buy” and an average price target of $10.50.

Institutional Investors Weigh In On Dakota Gold

Several hedge funds have recently modified their holdings of DC. Fiscal Wisdom Wealth Management LLC acquired a new stake in shares of Dakota Gold during the 3rd quarter valued at $3,659,000. Amundi boosted its holdings 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 in the last quarter. Global Strategic Management Inc. acquired a new stake in shares of Dakota Gold during the 4th quarter valued at $3,094,000. Royal Bank of Canada boosted its holdings in shares of Dakota Gold by 704.6% during the 1st quarter. Royal Bank of Canada now owns 574,105 shares of the company’s stock valued at $2,899,000 after acquiring an additional 502,754 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Dakota Gold during the 3rd quarter valued at $2,224,000. Institutional investors and hedge funds own 37.41% of the company’s stock.

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.