Insider Selling: Dakota Gold (NYSE:DC) Insider Sells $11,493.18 in Stock

Dakota Gold Corp. (NYSE:DC) insider Shawn Campbell sold 1,906 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $6.03, for a total transaction of $11,493.18. Following the completion of the transaction, the insider owned 356,401 shares in the company, valued at approximately $2,149,098.03. This trade represents a 0.53% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 Performance

DC opened at $5.81 on Monday. Dakota Gold Corp. has a 12-month low of $3.79 and a 12-month high of $7.25. The firm has a 50 day moving average of $5.36 and a two-hundred day moving average of $5.40. The firm has a market capitalization of $779.55 million, a PE ratio of -14.17 and a beta of 1.23.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DC shares. Canaccord Genuity Group raised 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. HC Wainwright reaffirmed a “buy” rating on shares of Dakota Gold in a report on Friday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.44.

Institutional Investors Weigh In On Dakota Gold

A number of institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its position in shares of Dakota Gold by 36.5% in the second quarter. IFP Advisors Inc now owns 6,872 shares of the company’s stock valued at $29,000 after acquiring an additional 1,838 shares in the last quarter. Brookstone Capital Management increased its position in shares of Dakota Gold by 19.5% during the first quarter. Brookstone Capital Management now owns 15,950 shares of the company’s stock worth $81,000 after purchasing an additional 2,600 shares in the last quarter. LPL Financial LLC raised its stake in Dakota Gold by 2.6% in the 4th quarter. LPL Financial LLC now owns 128,407 shares of the company’s stock valued at $729,000 after purchasing an additional 3,224 shares during the last quarter. AQR Capital Management LLC raised its stake in Dakota Gold by 4.9% in the 4th quarter. AQR Capital Management LLC now owns 75,001 shares of the company’s stock valued at $426,000 after purchasing an additional 3,498 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Dakota Gold by 105.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,203 shares of the company’s stock valued at $41,000 after purchasing an additional 3,703 shares in 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 discovering and advancing gold deposits in the historic Homestake District of South Dakota. The company’s activities include geological mapping, drilling, sampling, resource evaluation and other exploration work rather than commercial gold production.

Dakota Gold controls a substantial land position in the Homestake District, an area with a long history of gold mining near Lead, South Dakota. Its exploration portfolio includes projects such as Richmond Hill and Maitland, where the company is evaluating the potential for large-scale gold mineralization and developing targets for further drilling.

The Homestake District was historically one of the most important gold-producing regions in the United States.