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

Dakota Gold Corp. (NYSE:DC) Director Jennifer Grafton sold 15,511 shares of the firm’s 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 completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dakota Gold Price Performance

NYSE DC opened at $5.44 on Wednesday. The stock has a market capitalization of $726.33 million, a PE 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 business’s 50-day moving average is $5.51 and its 200 day moving average is $5.55.

Institutional Trading of Dakota Gold

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in Dakota Gold by 28.2% during the 1st quarter. Bank of America Corp DE now owns 80,973 shares of the company’s stock valued at $409,000 after acquiring an additional 17,799 shares in the last quarter. Amundi boosted its position in Dakota Gold by 43.3% during the 1st quarter. Amundi now owns 2,150,000 shares of the company’s stock valued at $10,858,000 after acquiring an additional 650,000 shares in the last quarter. Royal Bank of Canada boosted its position in Dakota Gold by 704.6% during the 1st 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. Quantinno Capital Management LP boosted its position in Dakota Gold by 469.9% during the 1st quarter. Quantinno Capital Management LP now owns 107,318 shares of the company’s stock valued at $542,000 after acquiring an additional 88,488 shares in the last quarter. Finally, Whitebox Advisors LLC bought a new stake in Dakota Gold during the 1st quarter valued at approximately $176,000. 37.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DC. Scotiabank started coverage on Dakota Gold in a research note on Monday, February 23rd. They issued a “sector outperform” rating and a $10.00 target price on the stock. Canadian Imperial Bank of Commerce started coverage on Dakota Gold in a research report on Tuesday, May 5th. They set an “outperform” rating and a $11.00 price objective on the stock. Finally, HC Wainwright reaffirmed a “buy” rating and set a $10.50 price objective on shares of Dakota Gold in a research report on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

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.