Dakota Gold (NYSE:DC) Shares Gap Down – Time to Sell?

Shares of Dakota Gold Corp. (NYSE:DC) gapped down before the market opened on Thursday . The stock had previously closed at $5.31, but opened at $4.94. Dakota Gold shares last traded at $5.1830, with a volume of 115,121 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Dakota Gold to a “hold” rating in a research note on Tuesday, January 6th. HC Wainwright lifted their price target on Dakota Gold from $9.75 to $10.50 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Finally, Scotiabank started coverage on Dakota Gold in a report on Monday, February 23rd. They issued a “sector outperform” rating and a $10.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dakota Gold currently has a consensus rating of “Moderate Buy” and an average price target of $10.38.

Dakota Gold Trading Down 0.2%

The company has a 50-day moving average of $5.89 and a 200-day moving average of $5.30. The firm has a market capitalization of $707.51 million, a price-to-earnings ratio of -12.84 and a beta of 1.20.

Insider Buying and Selling at Dakota Gold

In other news, VP James Mccoy Berry sold 12,388 shares of Dakota Gold stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $7.02, for a total value of $86,963.76. Following the completion of the transaction, the vice president directly owned 371,748 shares of the company’s stock, valued at approximately $2,609,670.96. The trade was a 3.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Shawn Campbell sold 21,207 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $7.02, for a total transaction of $148,873.14. Following the sale, the chief financial officer directly owned 231,526 shares of the company’s stock, valued at approximately $1,625,312.52. This represents a 8.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 338,595 shares of company stock worth $2,302,337 over the last 90 days. Insiders own 17.40% of the company’s stock.

Hedge Funds Weigh In On Dakota Gold

A number of large investors have recently bought and sold shares of the business. Fiscal Wisdom Wealth Management LLC bought a new stake in shares of Dakota Gold during the third quarter valued at approximately $3,659,000. Global Strategic Management Inc. bought a new position in Dakota Gold in the 4th quarter worth approximately $3,094,000. Tudor Investment Corp ET AL bought a new position in Dakota Gold in the 3rd quarter worth approximately $2,224,000. Invesco Ltd. increased its position in Dakota Gold by 890.0% in the 4th quarter. Invesco Ltd. now owns 542,712 shares of the company’s stock valued at $3,083,000 after acquiring an additional 487,891 shares during the period. Finally, Amundi increased its position in Dakota Gold by 46.3% in the 3rd quarter. Amundi now owns 1,500,000 shares of the company’s stock valued at $6,900,000 after acquiring an additional 475,000 shares during the period. Institutional investors own 37.41% of the company’s stock.

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.