On November 6, 2024, Robert Quartermain, President and Chief Executive Officer of Dakota Gold Corp (DC, Financial), purchased 40,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 7,542,877 shares in Dakota Gold Corp.
Dakota Gold Corp is engaged in the exploration and development of gold properties. The company's activities primarily involve exploring mineral properties with potential for economic deposits of precious metals.
The shares were bought at a price of $2.38 each, valuing the transaction at $95,200. This acquisition has increased the insider's stake significantly, reflecting a strong commitment to the company's future. Over the past year, Robert Quartermain has purchased a total of 77,060 shares and has not sold any shares.
The insider transaction history at Dakota Gold Corp shows a trend of more buying than selling among insiders. Over the last year, there have been 9 insider buys and only 1 insider sell. This could indicate a positive outlook on the company's value among those closest to its operations.
Currently, Dakota Gold Corp has a market cap of $235.093 million. The stock's valuation metrics, including price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are accessible for further details.
For more insights into the stock's fair value, investors might consider looking at the GF Value, which provides an estimate of the intrinsic value based on historical multiples, adjusted for future growth estimates.
This recent insider purchase could be a signal to investors about the potential undervaluation or future growth prospects of Dakota Gold Corp.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
