Insider Selling: Dakota Gold (NYSE:DC) Insider Sells $11,493.18 in Stock

Key Points

• Dakota Gold insider Shawn Campbell sold 1,906 shares for approximately $11,493 at an average price of $6.03. The sale covered tax-withholding obligations tied to vested equity awards, reducing his holdings by 0.53% to 356,401 shares.
• Dakota Gold shares recently traded at $5.81, with a market capitalization of about $779.6 million. Analysts maintain a “Moderate Buy” consensus and an average price target of $12.44, including Canaccord Genuity’s increased target of $18.
• Institutional investors own 37.41% of the company, with BlackRock acquiring a new stake valued at roughly $37.3 million and several other major holders increasing their positions.

Dakota Gold Corp. (NYSE:DC - Get Free Report) insider Shawn Campbell sold 1,906 shares of the company's stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $6.03, for a total value of $11,493.18. Following the completion of the sale, the insider owned 356,401 shares in the company, valued at approximately $2,149,098.03. This represents a 0.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Dakota Gold Price Performance

DC traded down $0.09 during trading on Friday, reaching $5.81. 1,196,985 shares of the company's stock were exchanged, compared to its average volume of 1,557,887. Dakota Gold Corp. has a 1 year low of $3.79 and a 1 year high of $7.25. The stock has a market capitalization of $779.55 million, a P/E ratio of -14.17 and a beta of 1.23. The company's fifty day simple moving average is $5.34 and its 200-day simple moving average is $5.41.

Analysts Set New Price Targets

Several equities research analysts have commented on DC shares. Canaccord Genuity Group upped their price target on shares of Dakota Gold from $16.00 to $18.00 and gave the company a "speculative buy" rating in a report on Tuesday, May 26th. HC Wainwright reiterated a "buy" rating on shares of Dakota Gold in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Dakota Gold has a consensus rating of "Moderate Buy" and a consensus target price of $12.44.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DC. BlackRock Inc. acquired a new stake in shares of Dakota Gold during the 2nd quarter valued at about $37,299,000. Vanguard Group Inc. grew its holdings in Dakota Gold by 0.9% in the third quarter. Vanguard Group Inc. now owns 4,814,323 shares of the company's stock valued at $21,905,000 after purchasing an additional 41,992 shares during the period. Euro Pacific Asset Management LLC grew its holdings in Dakota Gold by 15.8% in the first quarter. Euro Pacific Asset Management LLC now owns 3,534,049 shares of the company's stock valued at $18,103,000 after purchasing an additional 482,565 shares during the period. Franklin Resources Inc. increased its position in shares of Dakota Gold by 5.7% in the fourth quarter. Franklin Resources Inc. now owns 2,955,377 shares of the company's stock valued at $16,787,000 after buying an additional 160,300 shares in the last quarter. Finally, Amundi raised its stake in shares of Dakota Gold by 3.5% during the 2nd quarter. Amundi now owns 2,225,000 shares of the company's stock worth $9,478,000 after buying an additional 75,000 shares during the period. 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.

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