Dakota Gold (NYSE:DC) CFO Sells $148,873.14 in Stock

Dakota Gold Corp. (NYSE:DC) CFO Shawn Campbell sold 21,207 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $7.02, for a total transaction of $148,873.14. Following the sale, the chief financial officer owned 231,526 shares in the company, valued at approximately $1,625,312.52. The trade was a 8.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shawn Campbell also recently made the following trade(s):

• On Wednesday, January 21st, Shawn Campbell sold 55,000 shares of Dakota Gold stock. The stock was sold at an average price of $6.30, for a total transaction of $346,500.00.

Dakota Gold Price Performance

Shares of DC traded down $0.08 during midday trading on Monday, hitting $6.88. The stock had a trading volume of 1,566,026 shares, compared to its average volume of 1,805,336. The firm has a market cap of $799.17 million, a price-to-earnings ratio of -16.78 and a beta of 1.08. The company has a 50 day simple moving average of $6.15 and a two-hundred day simple moving average of $5.12. Dakota Gold Corp. has a twelve month low of $2.40 and a twelve month high of $7.25.

Institutional Trading of Dakota Gold

Large investors have recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC acquired a new position in shares of Dakota Gold during the 4th quarter worth about $81,000. Virtu Financial LLC boosted its stake in shares of Dakota Gold by 112.3% during the 4th quarter. Virtu Financial LLC now owns 29,351 shares of the company’s stock worth $167,000 after acquiring an additional 15,523 shares during the period. Invesco Ltd. increased its holdings in shares of Dakota Gold by 890.0% during the 4th quarter. Invesco Ltd. now owns 542,712 shares of the company’s stock worth $3,083,000 after acquiring an additional 487,891 shares during the last quarter. Axxcess Wealth Management LLC bought a new stake in Dakota Gold in the 4th quarter valued at $178,000. Finally, Millennium Management LLC lifted its holdings in Dakota Gold by 134.7% during the 4th quarter. Millennium Management LLC now owns 607,440 shares of the company’s stock valued at $3,450,000 after purchasing an additional 348,656 shares during the last quarter. Institutional investors and hedge funds own 37.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Scotiabank started coverage on shares of Dakota Gold in a research note on Monday, February 23rd. They set a “sector outperform” rating and a $10.00 price target for the company. HC Wainwright initiated coverage on shares of Dakota Gold in a research report on Monday, January 5th. They issued a “buy” rating and a $9.75 target price for the company. Finally, Zacks Research raised shares of Dakota Gold to a “hold” rating in a research report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.19.

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.