Key Points
- Director Jennifer Grafton sold 15,511 Dakota Gold shares on May 18 at an average price of $5.56, generating about $86,241.16. After the transaction, she still held 144,560 shares, a 9.69% reduction in her ownership.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan, which indicates it was scheduled in advance rather than made on discretionary timing.
- Despite the insider sale, Wall Street sentiment remains positive: analysts have a consensus “Moderate Buy” rating with an average price target of $10.50, well above the recent trading price around $5.44.
Dakota Gold Corp. (NYSE:DC - Get Free Report) Director Jennifer Grafton sold 15,511 shares of the business's stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $5.56, for a total value of $86,241.16. Following the completion of the sale, the director directly owned 144,560 shares in the company, valued at approximately $803,753.60. This represents a 9.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Dakota Gold Stock Down 2.5%
Shares of DC opened at $5.44 on Wednesday. The business's 50 day moving average price is $5.51 and its 200-day moving average price is $5.55. Dakota Gold Corp. has a 52 week low of $2.88 and a 52 week high of $7.25. The stock has a market cap of $726.33 million, a P/E ratio of -13.27 and a beta of 1.14.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on DC. Scotiabank began coverage on Dakota Gold in a research report on Monday, February 23rd. They issued a "sector outperform" rating and a $10.00 price target on the stock. HC Wainwright reissued a "buy" rating and issued a $10.50 price target on shares of Dakota Gold in a research report on Wednesday, April 22nd. Finally, Canadian Imperial Bank of Commerce began coverage on Dakota Gold in a research report on Tuesday, May 5th. They issued an "outperform" rating and a $11.00 price target on the stock. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $10.50.
Check Out Our Latest Stock Analysis on Dakota Gold
Hedge Funds Weigh In On Dakota Gold
A number of hedge funds have recently added to or reduced their stakes in DC. AQR Capital Management LLC raised its holdings in Dakota Gold by 87.7% in the 1st quarter. AQR Capital Management LLC now owns 31,293 shares of the company's stock worth $83,000 after acquiring an additional 14,617 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Dakota Gold by 4.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 210,091 shares of the company's stock valued at $557,000 after buying an additional 8,249 shares during the last quarter. Jane Street Group LLC raised its stake in Dakota Gold by 14.9% during the 1st quarter. Jane Street Group LLC now owns 58,867 shares of the company's stock valued at $156,000 after buying an additional 7,626 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Dakota Gold during the 1st quarter valued at $87,000. Finally, Rhumbline Advisers raised its stake in Dakota Gold by 96.7% during the 2nd quarter. Rhumbline Advisers now owns 230,909 shares of the company's stock valued at $852,000 after buying an additional 113,493 shares during the last quarter. 37.41% of the stock is currently owned by hedge funds and other institutional investors.
Dakota Gold Company Profile
(
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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