Dakota Gold Corp. (NYSE:DC – Get Free Report) Director Jennifer Grafton sold 15,511 shares of Dakota Gold stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $5.56, for a total transaction of $86,241.16. Following the sale, the director directly owned 144,560 shares in the company, valued at approximately $803,753.60. The trade was a 9.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Dakota Gold Stock Performance
DC stock opened at $5.37 on Friday. The firm has a market cap of $719.19 million, a PE ratio of -13.10 and a beta of 1.14. The firm’s 50 day moving average price is $5.48 and its 200-day moving average price is $5.57. Dakota Gold Corp. has a one year low of $2.88 and a one year high of $7.25.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. Canadian Imperial Bank of Commerce assumed coverage on shares of Dakota Gold in a research report on Tuesday, May 5th. They set an “outperform” rating and a $11.00 price target on the stock. Scotiabank assumed coverage on shares of Dakota Gold in a research report on Monday, February 23rd. They set a “sector outperform” rating and a $10.00 price target on the stock. Finally, HC Wainwright reaffirmed a “buy” rating and set a $10.50 price target on shares of Dakota Gold in a research report on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.50.
Institutional Trading of Dakota Gold
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL purchased a new stake in Dakota Gold in the third quarter valued at approximately $2,224,000. Euro Pacific Asset Management LLC raised its position in Dakota Gold by 14.0% in the fourth quarter. Euro Pacific Asset Management LLC now owns 3,051,484 shares of the company’s stock valued at $17,243,000 after purchasing an additional 374,404 shares during the period. Fiscal Wisdom Wealth Management LLC purchased a new stake in Dakota Gold in the third quarter valued at approximately $3,659,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Dakota Gold in the third quarter valued at approximately $410,000. Finally, Knoll Capital Management LLC purchased a new stake in Dakota Gold in the third quarter valued at approximately $559,000. Hedge funds and other institutional investors 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.
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