Shawn Campbell Sells 55,000 Shares of Dakota Gold (NYSE:DC) Stock

Dakota Gold Corp. (NYSE:DC) CFO Shawn Campbell sold 55,000 shares of Dakota Gold stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $6.30, for a total transaction of $346,500.00. Following the transaction, the chief financial officer owned 179,491 shares of the company’s stock, valued at $1,130,793.30. The trade was a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Dakota Gold Stock Down 1.9%

Dakota Gold stock opened at $6.87 on Friday. Dakota Gold Corp. has a twelve month low of $2.21 and a twelve month high of $7.11. The company has a market capitalization of $778.11 million, a P/E ratio of -16.76 and a beta of 1.08. The stock’s 50 day moving average is $5.51 and its 200 day moving average is $4.72.

Institutional Investors Weigh In On Dakota Gold

Large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its position in Dakota Gold by 109.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 7,070 shares of the company’s stock worth $26,000 after buying an additional 3,700 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Dakota Gold by 120.5% during the second quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company’s stock valued at $31,000 after purchasing an additional 4,541 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in Dakota Gold by 130.7% during the second quarter. Ameritas Investment Partners Inc. now owns 8,788 shares of the company’s stock valued at $32,000 after purchasing an additional 4,978 shares during the period. GSA Capital Partners LLP purchased a new stake in Dakota Gold in the third quarter worth approximately $46,000. Finally, Financial Engines Advisors L.L.C. bought a new stake in Dakota Gold in the 3rd quarter worth approximately $46,000. 37.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

About Dakota Gold

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.