Insider Selling: Dakota Gold (NYSE:DC) CFO Sells 55,000 Shares of Stock

Dakota Gold Corp. (NYSE:DC) CFO Shawn Campbell sold 55,000 shares of Dakota Gold stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $6.30, for a total transaction of $346,500.00. Following the transaction, the chief financial officer directly owned 179,491 shares in the company, valued at $1,130,793.30. This trade represents a 23.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Dakota Gold Stock Down 1.9%

Shares of Dakota Gold stock traded down $0.13 during mid-day trading on Friday, hitting $6.87. The stock had a trading volume of 1,756,426 shares, compared to its average volume of 1,618,820. The firm has a 50-day moving average of $5.45 and a two-hundred day moving average of $4.70. The firm has a market cap of $778.11 million, a P/E ratio of -16.76 and a beta of 1.08. Dakota Gold Corp. has a 12-month low of $2.21 and a 12-month high of $7.11.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. HC Wainwright initiated coverage on Dakota Gold in a research note on Monday, January 5th. They set a “buy” rating and a $9.75 target price for the company. Zacks Research upgraded Dakota Gold to a “hold” rating in a report on Tuesday, January 6th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.25.

Institutional Trading of Dakota Gold

Several institutional investors have recently added to or reduced their stakes in the stock. Pacific Point Advisors LLC acquired a new position in Dakota Gold during the fourth quarter worth $302,000. Brookstone Capital Management purchased a new stake in shares of Dakota Gold in the 4th quarter valued at $76,000. Euro Pacific Asset Management LLC raised its holdings in shares of Dakota Gold by 14.0% in the 4th quarter. Euro Pacific Asset Management LLC now owns 3,051,484 shares of the company’s stock valued at $17,243,000 after buying an additional 374,404 shares during the period. SG Americas Securities LLC acquired a new position in Dakota Gold during the 4th quarter worth about $111,000. Finally, Tudor Investment Corp ET AL purchased a new position in Dakota Gold during the 3rd quarter valued at about $2,224,000. Institutional investors and hedge funds own 37.41% of the company’s stock.

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.