Dakota Gold (NYSE:DC) Director Sells $233,000.00 in Stock

Dakota Gold Corp. (NYSE:DC) Director Stephen O’rourke sold 50,000 shares of Dakota Gold stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $4.66, for a total transaction of $233,000.00. Following the completion of the transaction, the director directly owned 918,199 shares in the company, valued at $4,278,807.34. This trade represents a 5.16% 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 Trading Up 1.2%

DC opened at $4.29 on Thursday. The company has a market cap of $481.96 million, a P/E ratio of -10.46 and a beta of 1.15. The company’s 50 day moving average is $4.51 and its 200-day moving average is $3.80. Dakota Gold Corp. has a 1-year low of $2.05 and a 1-year high of $5.51.

Hedge Funds Weigh In On Dakota Gold

Hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its holdings in Dakota Gold by 109.8% in the second quarter. Nisa Investment Advisors LLC now owns 7,070 shares of the company’s stock valued at $26,000 after acquiring an additional 3,700 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Dakota Gold by 120.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company’s stock worth $31,000 after purchasing an additional 4,541 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Dakota Gold by 130.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,788 shares of the company’s stock worth $32,000 after purchasing an additional 4,978 shares during the period. EntryPoint Capital LLC bought a new stake in shares of Dakota Gold in the 1st quarter valued at $52,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Dakota Gold in the 2nd quarter valued at $59,000. 37.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets reiterated an “outperform” rating and issued a $9.00 price objective (up previously from $7.50) on shares of Dakota Gold in a report on Thursday, July 10th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $10.50.

About Dakota Gold

Dakota Gold Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. It primarily explores for gold deposits. The company holds 100% interest in the Blind Gold, City Creek, Tinton, West Corridor, Ragged Top, Poorman Anticline, Maitland, South Lead/ Whistler Gulch, the Barrick Option, Richmond Hill and Homestake Paleoplacer Properties located in Homestake Mining District, South Dakota.