Key Points
- Dakota Gold insider Shawn Campbell sold 1,906 shares at an average price of $6.03, generating $11,493.18. The sale covered tax-withholding obligations tied to vested equity awards, reducing his holdings by 0.53% to 356,401 shares.
- Dakota Gold shares opened at $5.81, with a market capitalization of approximately $779.6 million and a 52-week trading range of $3.79 to $7.25.
- Analysts maintain a generally positive outlook, with four Buy ratings and one Hold rating, resulting in a “Moderate Buy” consensus and an average price target of $12.44. Institutional investors own 37.41% of the company.
Dakota Gold Corp. (NYSE:DC - Get Free Report) insider Shawn Campbell sold 1,906 shares of the business's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $6.03, for a total transaction of $11,493.18. Following the completion of the sale, the insider owned 356,401 shares of the company's stock, valued at approximately $2,149,098.03. This represents a 0.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Dakota Gold Stock Performance
Shares of DC opened at $5.81 on Friday. The company has a 50 day moving average price of $5.36 and a 200-day moving average price of $5.41. Dakota Gold Corp. has a fifty-two week low of $3.79 and a fifty-two week high of $7.25. The stock 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
DC has been the topic of several recent research reports. HC Wainwright reaffirmed a "buy" rating on shares of Dakota Gold in a research report on Friday. Canaccord Genuity Group raised their price objective on Dakota Gold from $16.00 to $18.00 and gave the company a "speculative buy" rating in a research report on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.44.
View Our Latest Stock Report on Dakota Gold
Institutional Investors Weigh In On Dakota Gold
A number of large investors have recently modified their holdings of DC. Global Retirement Partners LLC purchased a new stake in Dakota Gold during the 2nd quarter valued at about $29,000. IFP Advisors Inc raised its position in Dakota Gold by 36.5% during the 2nd quarter. IFP Advisors Inc now owns 6,872 shares of the company's stock worth $29,000 after buying an additional 1,838 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Dakota Gold by 105.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,203 shares of the company's stock valued at $41,000 after acquiring an additional 3,703 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Dakota Gold by 120.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company's stock valued at $31,000 after acquiring an additional 4,541 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Dakota Gold in the fourth quarter worth $55,000. Hedge funds and other institutional investors own 37.41% of the company's stock.
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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