Robert Quartermain Sells 250,000 Shares of Dakota Gold (NYSE:DC) Stock

Dakota Gold Corp. (NYSE:DC) CEO Robert Quartermain sold 250,000 shares of Dakota Gold stock in a transaction dated 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 transaction, the chief executive officer directly owned 7,493,244 shares of the company’s stock, valued at $51,553,518.72. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Dakota Gold Stock Performance

Shares of NYSE:DC opened at $6.87 on Friday. The business has a fifty day moving average of $5.51 and a 200-day moving average of $4.72. Dakota Gold Corp. has a twelve month low of $2.21 and a twelve month high of $7.11. The firm has a market cap of $778.11 million, a PE ratio of -16.76 and a beta of 1.08.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DC shares. HC Wainwright started coverage on shares of Dakota Gold in a research note on Monday, January 5th. They issued a “buy” rating and a $9.75 target price for the company. Zacks Research raised Dakota Gold to a “hold” rating in a research report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Dakota Gold presently has a consensus rating of “Moderate Buy” and an average target price of $10.25.

Institutional Trading of Dakota Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in shares of Dakota Gold by 2.9% during the second quarter. Franklin Resources Inc. now owns 2,520,000 shares of the company’s stock worth $9,299,000 after purchasing an additional 70,000 shares during the period. Euro Pacific Asset Management LLC increased its stake in Dakota Gold by 15.4% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 2,677,080 shares of the company’s stock valued at $12,171,000 after purchasing an additional 358,168 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Dakota Gold by 29.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 433,218 shares of the company’s stock valued at $1,599,000 after purchasing an additional 99,131 shares in the last quarter. Geode Capital Management LLC raised its holdings in Dakota Gold by 20.6% during the second quarter. Geode Capital Management LLC now owns 1,850,272 shares of the company’s stock worth $6,829,000 after buying an additional 316,043 shares during the last quarter. Finally, Aegis Financial Corp bought a new stake in shares of Dakota Gold during the second quarter worth about $111,000. Institutional investors and hedge funds own 37.41% of the company’s stock.

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.