Jennifer Grafton Sells 15,511 Shares of Dakota Gold (NYSE:DC) Stock

Dakota Gold Corp. (NYSE:DC) Director Jennifer Grafton sold 15,511 shares of Dakota Gold stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.56, for a total value of $86,241.16. Following the transaction, the director directly owned 144,560 shares in the company, valued at $803,753.60. The trade was a 9.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dakota Gold Stock Down 2.5%

DC traded down $0.14 during midday trading on Tuesday, hitting $5.44. 1,481,266 shares of the company were exchanged, compared to its average volume of 1,634,999. The firm has a market capitalization of $726.33 million, a P/E ratio of -13.27 and a beta of 1.14. Dakota Gold Corp. has a 1-year low of $2.88 and a 1-year high of $7.25. The firm’s 50 day moving average price is $5.51 and its 200-day moving average price is $5.55.

Analyst Ratings Changes

DC has been the topic of several recent research reports. Canadian Imperial Bank of Commerce initiated coverage on Dakota Gold in a report on Tuesday, May 5th. They set an “outperform” rating and a $11.00 target price on the stock. Scotiabank initiated coverage on Dakota Gold in a report on Monday, February 23rd. They set a “sector outperform” rating and a $10.00 target price on the stock. Finally, HC Wainwright reaffirmed a “buy” rating and set a $10.50 target price on shares of Dakota Gold in a report on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Dakota Gold has an average rating of “Moderate Buy” and an average price target of $10.50.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DC. Fiscal Wisdom Wealth Management LLC purchased a new stake in shares of Dakota Gold in the third quarter worth approximately $3,659,000. Amundi raised its stake in shares of Dakota Gold by 43.3% in the first quarter. Amundi now owns 2,150,000 shares of the company’s stock worth $10,858,000 after purchasing an additional 650,000 shares during the last quarter. Global Strategic Management Inc. bought a new position in shares of Dakota Gold in the fourth quarter valued at approximately $3,094,000. Royal Bank of Canada grew its holdings in shares of Dakota Gold by 704.6% in the first quarter. Royal Bank of Canada now owns 574,105 shares of the company’s stock valued at $2,899,000 after acquiring an additional 502,754 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in shares of Dakota Gold in the third quarter valued at approximately $2,224,000. 37.41% of the stock is owned by institutional investors and hedge funds.

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.