Dakota Gold (NYSE:DC) CEO Robert Quartermain Sells 250,000 Shares

Dakota Gold Corp. (NYSE:DC) CEO Robert Quartermain sold 250,000 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $6.88, for a total value of $1,720,000.00. Following the sale, the chief executive officer directly owned 7,493,244 shares of the company’s stock, valued at $51,553,518.72. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Dakota Gold Price Performance

Shares of NYSE:DC traded down $0.13 during trading on Friday, reaching $6.87. The company had a trading volume of 1,756,426 shares, compared to its average volume of 1,618,820. Dakota Gold Corp. has a fifty-two week low of $2.21 and a fifty-two week high of $7.11. The stock’s fifty day moving average price is $5.51 and its 200 day moving average price is $4.72. The firm has a market capitalization of $778.11 million, a price-to-earnings ratio of -16.76 and a beta of 1.08.

Wall Street Analyst Weigh In

Several analysts have recently commented on DC shares. HC Wainwright began coverage on shares of Dakota Gold in a research note on Monday, January 5th. They issued a “buy” rating and a $9.75 target price for the company. Zacks Research upgraded shares of Dakota Gold to a “hold” rating in a research 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.25.

Institutional Trading of Dakota Gold

Several hedge funds and other institutional investors have recently made changes to their positions in DC. AQR Capital Management LLC raised its position in shares of Dakota Gold by 87.7% during the 1st quarter. AQR Capital Management LLC now owns 31,293 shares of the company’s stock worth $83,000 after purchasing an additional 14,617 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Dakota Gold by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 210,091 shares of the company’s stock worth $557,000 after buying an additional 8,249 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Dakota Gold by 14.9% in the first quarter. Jane Street Group LLC now owns 58,867 shares of the company’s stock worth $156,000 after acquiring an additional 7,626 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Dakota Gold in the first quarter valued at $87,000. Finally, Rhumbline Advisers boosted its stake in shares of Dakota Gold by 3.1% during the first quarter. Rhumbline Advisers now owns 117,416 shares of the company’s stock valued at $311,000 after acquiring an additional 3,543 shares during the last quarter. 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.