Key Points
- Robert Quartermain, CEO of Dakota Gold, sold 250,000 shares on January 23 at an average price of $6.88 for about $1.72 million, reducing his position by 3.23% to 7,493,244 shares (≈$51.55M).
- Dakota Gold (NYSE:DC) shares opened at $6.87 and were down ~1.9%; the company has a market cap of $778.1M, a 12-month range of $2.21–$7.11, and a consensus analyst rating of Moderate Buy with a $10.25 price target.
Dakota Gold Corp. (NYSE:DC - Get Free Report) CEO Robert Quartermain sold 250,000 shares of the stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $6.88, for a total transaction of $1,720,000.00. Following the sale, the chief executive officer owned 7,493,244 shares in the company, valued at approximately $51,553,518.72. The trade was a 3.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Dakota Gold Stock Down 1.9%
Shares of NYSE DC opened at $6.87 on Friday. The firm has a market cap of $778.11 million, a P/E ratio of -16.76 and a beta of 1.08. Dakota Gold Corp. has a twelve month low of $2.21 and a twelve month high of $7.11. The company has a 50 day moving average of $5.51 and a 200 day moving average of $4.72.
Hedge Funds Weigh In On Dakota Gold
Several institutional investors have recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in shares of Dakota Gold by 3.1% in the first quarter. Rhumbline Advisers now owns 117,416 shares of the company's stock worth $311,000 after buying an additional 3,543 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Dakota Gold by 109.8% during the second quarter. Nisa Investment Advisors LLC now owns 7,070 shares of the company's stock valued at $26,000 after buying an additional 3,700 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Dakota Gold by 15.8% in the second quarter. The Manufacturers Life Insurance Company now owns 32,058 shares of the company's stock worth $118,000 after acquiring an additional 4,377 shares during the period. BNP Paribas Financial Markets raised its position in Dakota Gold by 120.5% in the second quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company's stock worth $31,000 after acquiring an additional 4,541 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Dakota Gold by 130.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,788 shares of the company's stock worth $32,000 after acquiring an additional 4,978 shares during the last quarter. Institutional investors own 37.41% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on DC. HC Wainwright initiated coverage on Dakota Gold in a report on Monday, January 5th. They set a "buy" rating and a $9.75 price target on the stock. Zacks Research raised Dakota Gold to a "hold" rating in a research report on Tuesday, January 6th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Dakota Gold presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.25.
View Our Latest Research Report on DC
About Dakota Gold
(
Get Free Report)
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.
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