Insider Buying: Dakota Gold (NYSE:DC) Director Purchases $100,357.60 in Stock

Dakota Gold Corp. (NYSE:DC) Director Todd Kenner purchased 17,921 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was bought at an average price of $5.60 per share, with a total value of $100,357.60. Following the transaction, the director owned 17,921 shares of the company’s stock, valued at $100,357.60. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Dakota Gold Stock Performance

DC opened at $5.76 on Monday. The firm has a market cap of $771.43 million, a P/E ratio of -14.05 and a beta of 1.14. Dakota Gold Corp. has a 12 month low of $3.04 and a 12 month high of $7.25. The stock has a 50-day moving average of $5.47 and a 200 day moving average of $5.63.

Wall Street Analyst Weigh In

Several research analysts recently commented on DC shares. Scotiabank started coverage on Dakota Gold in a research report on Monday, February 23rd. They issued a “sector outperform” rating and a $10.00 price target for the company. Canadian Imperial Bank of Commerce started coverage on Dakota Gold in a research report on Tuesday, May 5th. They issued an “outperform” rating and a $11.00 price target for the company. HC Wainwright reiterated a “buy” rating and issued a $10.50 price target on shares of Dakota Gold in a research report on Wednesday, April 22nd. Finally, Canaccord Genuity Group lifted their price target on Dakota Gold from $16.00 to $18.00 and gave the stock a “speculative buy” rating in a research report on Tuesday, May 26th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $11.70.

Institutional Trading of Dakota Gold

A number of large investors have recently modified their holdings of the company. Groupe la Francaise boosted its holdings in shares of Dakota Gold by 154.5% in the first quarter. Groupe la Francaise now owns 1,400,000 shares of the company’s stock valued at $7,041,000 after purchasing an additional 850,000 shares during the period. Bank of America Corp DE boosted its holdings in shares of Dakota Gold by 28.2% in the first quarter. Bank of America Corp DE now owns 80,973 shares of the company’s stock valued at $409,000 after purchasing an additional 17,799 shares during the period. Amundi boosted its holdings in shares of Dakota Gold by 43.3% in the first quarter. Amundi now owns 2,150,000 shares of the company’s stock valued at $10,858,000 after purchasing an additional 650,000 shares during the period. Royal Bank of Canada boosted its holdings in shares of Dakota Gold by 704.6% in the first quarter. Royal Bank of Canada now owns 574,105 shares of the company’s stock valued at $2,899,000 after purchasing an additional 502,754 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in shares of Dakota Gold by 469.9% in the first quarter. Quantinno Capital Management LP now owns 107,318 shares of the company’s stock valued at $542,000 after purchasing an additional 88,488 shares during the period. Hedge funds and other institutional investors 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.