James Mccoy Berry Sells 12,388 Shares of Dakota Gold (NYSE:DC) Stock

Dakota Gold Corp. (NYSE:DC) VP James Mccoy Berry sold 12,388 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $7.02, for a total transaction of $86,963.76. Following the sale, the vice president directly owned 371,748 shares of the company’s stock, valued at approximately $2,609,670.96. This represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Dakota Gold Price Performance

Shares of DC opened at $6.43 on Wednesday. Dakota Gold Corp. has a one year low of $2.40 and a one year high of $7.25. The stock has a market cap of $746.90 million, a price-to-earnings ratio of -15.68 and a beta of 1.08. The company has a 50-day moving average of $6.17 and a two-hundred day moving average of $5.16.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Scotiabank started coverage on Dakota Gold in a research note on Monday, February 23rd. They issued a “sector outperform” rating and a $10.00 price objective on the stock. HC Wainwright started coverage on shares of Dakota Gold in a research note on Monday, January 5th. They set a “buy” rating and a $9.75 price target for the company. Finally, Zacks Research raised shares of Dakota Gold to a “hold” rating in a report on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.19.

Hedge Funds Weigh In On Dakota Gold

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

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.