Dakota Gold (NYSE:DC) Insider Shawn Campbell Sells 1,906 Shares

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

Dakota Gold Trading Down 1.5%

Shares of NYSE:DC opened at $5.81 on Friday. The company has a market cap of $779.55 million, a price-to-earnings ratio of -14.17 and a beta of 1.23. Dakota Gold Corp. has a 12 month low of $3.79 and a 12 month high of $7.25. The company has a 50-day moving average price of $5.36 and a 200 day moving average price of $5.41.

Institutional Trading of Dakota Gold

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in Dakota Gold in the second quarter worth approximately $37,299,000. Vanguard Group Inc. raised its position in Dakota Gold by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,814,323 shares of the company’s stock valued at $21,905,000 after purchasing an additional 41,992 shares in the last quarter. Euro Pacific Asset Management LLC raised its position in Dakota Gold by 15.8% during the 1st quarter. Euro Pacific Asset Management LLC now owns 3,534,049 shares of the company’s stock valued at $18,103,000 after purchasing an additional 482,565 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Dakota Gold by 5.7% in the 4th quarter. Franklin Resources Inc. now owns 2,955,377 shares of the company’s stock worth $16,787,000 after buying an additional 160,300 shares during the period. Finally, Amundi grew its position in shares of Dakota Gold by 3.5% during the 2nd quarter. Amundi now owns 2,225,000 shares of the company’s stock worth $9,478,000 after buying an additional 75,000 shares in the last quarter. Institutional investors own 37.41% of the company’s stock.

Analysts Set New Price Targets

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