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

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

Dakota Gold Stock Down 1.5%

NYSE:DC opened at $5.81 on Friday. The business’s 50 day moving average is $5.36 and its two-hundred day moving average is $5.41. Dakota Gold Corp. has a 52 week low of $3.79 and a 52 week high of $7.25. The company has a market cap of $779.55 million, a PE ratio of -14.17 and a beta of 1.23.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. HC Wainwright restated a “buy” rating on shares of Dakota Gold in a research note on Friday. Canaccord Genuity Group increased their target price on shares of Dakota Gold from $16.00 to $18.00 and gave the stock a “speculative buy” rating in a report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.44.

Hedge Funds Weigh In On Dakota Gold

Several institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its stake in Dakota Gold by 36.5% during the 2nd quarter. IFP Advisors Inc now owns 6,872 shares of the company’s stock valued at $29,000 after purchasing an additional 1,838 shares during the period. Brookstone Capital Management increased its stake in shares of Dakota Gold by 19.5% in the first quarter. Brookstone Capital Management now owns 15,950 shares of the company’s stock valued at $81,000 after purchasing an additional 2,600 shares during the period. LPL Financial LLC raised its holdings in shares of Dakota Gold by 2.6% during the fourth quarter. LPL Financial LLC now owns 128,407 shares of the company’s stock valued at $729,000 after buying an additional 3,224 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Dakota Gold by 4.9% during the fourth quarter. AQR Capital Management LLC now owns 75,001 shares of the company’s stock valued at $426,000 after buying an additional 3,498 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Dakota Gold by 105.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,203 shares of the company’s stock worth $41,000 after buying an additional 3,703 shares during the period. 37.41% of the stock is owned by institutional investors.

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.