DC
Dakota Gold Corp.Basic Materials·Gold
$5.76
$771M market cap
Revenue
$0.0M
Free Cash Flow
$-16.1M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Dakota Gold Corp. engages in the acquisition and exploration of mineral properties. It primarily explores for gold deposits. The company holds 100% interest in the Blind Gold, City Creek, Homestake Paleoplacer, Tinton, West Corridor, Ragged Top, Poorman Anticline, Maitland, and South Lead/Whistler Gulch projects located Homestake District, South Dakota. It also holds an option to acquire 100% interest in the Barrick Option and the Richmond Hill Option projects situated in Homestake District, Sou
2-Year Price History
$5.23+98.1%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 0.0 | -8.9 | -9.0 | -8.5 | -8.2 | -9.0 | -0.8 | 106.9 | 0.2 | 123.8 | -31.4% | -- | -- |
| Act | 2025-Q4 | 0.0 | -8.9 | -9.2 | -8.8 | -7.1 | -7.2 | -0.1 | 29.7 | 0.2 | 114.1 | -99.1% | -- | -- |
Valuation & Metrics
Market Stats
Price$5.76
Market Cap$771M
Enterprise Value$665M
P/S Ratio0.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)0.0%
FCF Yield-2.1%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$0.0M
Net Income$-17.3M
Free Cash Flow$-16.1M
Revenue Growth (YoY)+0.0%
EBITDA Margin0.0%
Net Margin0.0%
FCF Margin0.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC-65.3%
WC Change % Rev0.0%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares5.8M
Days to Cover5.1
Change (vs Prior)-6.0%
Need at least 2 settlement dates for chart
Employees
Headcount41
Revenue / Employee$0
Gross Profit / Employee$-1,139
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
29.6%(+16.5% YoY)
157 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
15.9%(+11.5% YoY)
10 filers
Vanguard, iShares, SPDR
Market makers
0.6%(+0.5% YoY)
6 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $32.0M | $3.01 | +$996K | +$9.8M | -0.2% | $5.69T |
| STATE STREET CORPPassive | $31.9M | $4.66 | +$24.0M | +$27.1M | -0.2% | $2.89T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $23.4M | $5.05 | +$23.4M | +$23.4M | — | $4.04T |
| Orion Resource Partners LP | $21.1M | $2.56 | −$5.0M | −$27.9M | +12.0% | $219M |
| FRANKLIN RESOURCES INC | $20.4M | $3.56 | +$5.5M | +$8.0M | -0.2% | $403.03B |
| VAN ECK ASSOCIATES CORP | $18.9M | $3.36 | +$2.9M | +$3.4M | +0.8% | $133.17B |
| Euro Pacific Asset Management, LLC | $18.1M | $3.50 | +$2.4M | +$7.8M | +2.0% | $1.01B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $11.1M | $3.39 | +$993K | +$3.4M | +2.3% | $1.61T |
| Amundi | $10.9M | $3.80 | +$3.3M | +$5.7M | -0.2% | $366.88B |
| Nokomis Capital, L.L.C. | $10.1M | $5.52 | +$2.6M | +$10.1M | +2.9% | $331M |
| Bornite Capital Management LP | $10.1M | $5.05 | +$10.1M | +$10.1M | +2.9% | $595M |
| Groupe la Francaise | $7.0M | $4.85 | +$4.3M | +$7.0M | +0.1% | $7.14B |
| Trek Financial, LLC | $6.5M | $2.88 | +$559K | +$297K | +1.6% | $1.86B |
| Alyeska Investment Group, L.P. | $6.3M | $5.05 | +$6.3M | +$6.3M | -0.5% | $35.33B |
| SPROTT INC. | $6.2M | $3.06 | +$526K | +$1.3M | +1.7% | $3.29B |
| CI INVESTMENTS INC. | $5.7M | $3.61 | +$3.5M | +$1.1M | +0.1% | $20.62B |
| DONALD SMITH & CO., INC. | $5.5M | $2.62 | +$0 | +$0 | +3.2% | $5.56B |
| DIMENSIONAL FUND ADVISORS LPPassive | $4.9M | $3.55 | −$94K | +$2.0M | -0.4% | $480.92B |
| LPL Financial LLC | $4.2M | $4.67 | +$3.6M | +$3.9M | -0.2% | $372.65B |
| Connor, Clark & Lunn Investment Management Ltd. | $3.8M | $3.67 | +$356K | +$2.2M | +0.6% | $43.38B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
+2.02%
avg per quarter
Holders (ex-self)
+2.09%
excl. this stock
Buyers (this Q)
+0.72%
88 buyers · $0.11B in
Sellers (this Q)
+4.74%
39 sellers · $0.03B out
alpha coverage: 91% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+24.8%
how holders react when this stock falls
On quiet Qs
+13.1%
−10% to +10% baseline
On rallies (+10%+)
+4.8%
how they react when this stock rises
Holders' portfolio flow this Q
+1.8%
inflows — adds are organic
Sellers' portfolio flow this Q
-1.4%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-3.1%
Holder mid (any stock)
-4.3%
Holder rally (any stock)
-7.0%
Biggest decreases this quarter
Orion Resource Partners LP−$5.0Mα+12.0JANE STREET GROUP, LLCexited−$1.3MBALYASNY ASSET MANAGEMENT LLCexited−$587KTD Waterhouse Canada Inc.exited−$362KARROWSTREET CAPITAL, LIMITED PARTNERSHIPexited−$358KAMERICAN CENTURY COMPANIES INCexited−$295KExodusPoint Capital Management, LPexited−$214KAXXCESS WEALTH MANAGEMENT, LLCexited−$178KAEGIS FINANCIAL CORPexited−$170KCaitong International Asset Management Co., Ltdexited−$147K
New buyers this quarter
Top-5 holders · 38.8%
BlackRock, Inc.--
STATE STREET CORP--
VANGUARD CAPITAL MANAGEMENT LLC--
Orion Resource Partners LP--
FRANKLIN RESOURCES INC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Orion Resource Partners LP4.2MFRANKLIN RESOURCES INC4.0MVAN ECK ASSOCIATES CORP3.7MEuro Pacific Asset Management, LLC3.5MORION RESOURCE PARTNERS (USA) LP—Fourth Sail Capital LP—Amundi2.1MCI INVESTMENTS INC.1.1MNokomis Capital, L.L.C.2.0MBornite Capital Management LP2.0M
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Analyst Coverage
Analyst Coverage
Price Targets
Last Quarter (1 analysts)$10.007360.0%
Last Year (3 analysts)$10.588370.0%
Current Price$5.76
Analyst Ratings
3
Buy: 3Consensus: Buy
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$0
1 txn · 1 insider · 11,261 sh
Sells ($, 12mo)
$3.20M
9 txns · 5 insiders · 517,554 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-05-18 | SELL | Grafton Jennifer S | director | 15,511 | $5.56 | $86K | $804K |
| 2026-04-15 | SELL | QUARTERMAIN ROBERT | director, officer: CHIEF EXECUTIVE OFFICER | 13,448 | $5.61 | $75K | $45.06M |
| 2026-02-27 | SELL | Berry James McCoy | officer: VICE PRESIDENT OF EXPLORATION | 12,388 | $7.02 | $87K | $2.61M |
| 2026-02-27 | SELL | CAMPBELL SHAWN | officer: CHIEF FINANCIAL OFFICER | 21,207 | $7.02 | $149K | $1.62M |
| 2026-01-23 | SELL | QUARTERMAIN ROBERT | director, officer: CHIEF EXECUTIVE OFFICER | 250,000 | $6.88 | $1.72M | $51.58M |
| 2026-01-21 | SELL | CAMPBELL SHAWN | officer: CHIEF FINANCIAL OFFICER | 55,000 | $6.30 | $346K | $1.13M |
| 2025-10-20 | SELL | O'Rourke Stephen T. | director | 50,000 | $4.66 | $233K | $4.28M |
| 2025-10-17 | SELL | O'Rourke Stephen T. | director | 50,000 | $4.77 | $239K | $4.62M |
| 2025-10-16 | SELL | O'Rourke Stephen T. | director | 50,000 | $5.34 | $267K | $5.43M |
| 2025-09-08 | BUY | CAMPBELL SHAWN | officer: CHIEF FINANCIAL OFFICER | 11,261 | $0.00 | $0 | $0 |
Order Flow (FINRA, ~3w lag)
27.3%retail+1.5pp
14.7%dark-1.5pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Dakota Gold Corp.: Chronic Dilution as a Business Model
Overall Risk
6/10
Fraud
2/10
Dilution
9/10
Insolvency
3/10
Earnings Overstated
1/10
Hidden Liabilities
2/10
Legal
2/10
Audit Warnings
4/10
Hidden Upside
7/10
Contextually Acceptable
8/10