On November 19, 2024, Robert Quartermain, President and Chief Executive Officer of Dakota Gold Corp, purchased 35,000 shares of the company. Following this transaction, the insider now holds a total of 7,577,877 shares in Dakota Gold Corp. The transaction details are available in the SEC Filing.
Dakota Gold Corp (DC, Financial) is engaged in the exploration and development of gold resources. The company focuses on acquiring and advancing high-quality gold projects in the United States.
The recent purchase by Robert Quartermain is part of a broader trend of insider buying within the company. Over the past year, the insider has acquired a total of 112,060 shares and has not sold any shares. This activity is consistent with the overall insider transaction history for Dakota Gold Corp, which shows 11 insider buys and 1 insider sell over the past year.
Shares of Dakota Gold Corp were trading at $2.16 each on the day of the insider's recent purchase, resulting in a market cap of $209.636 million for the company.
For investors, insider buying can be a signal of confidence in the company's future prospects. However, it is important to consider other factors such as the company's GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow when evaluating the stock.
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.
