Dakota Gold Corp. (NYSE:DC) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Dakota Gold Corp. (NYSE:DC) have received an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $11.70.

A number of research analysts have commented on the company. Scotiabank assumed coverage on Dakota Gold in a research report on Monday, February 23rd. They issued a “sector outperform” rating and a $10.00 price objective on the stock. Canadian Imperial Bank of Commerce assumed coverage on Dakota Gold in a research report on Tuesday, May 5th. They issued an “outperform” rating and a $11.00 price objective on the stock. HC Wainwright reiterated a “buy” rating and issued a $10.50 price objective on shares of Dakota Gold in a research report on Wednesday, April 22nd. Finally, Canaccord Genuity Group increased their price objective on Dakota Gold from $16.00 to $18.00 and gave the company a “speculative buy” rating in a research report on Tuesday, May 26th.

Dakota Gold Stock Performance

Shares of DC opened at $4.93 on Friday. The firm has a market capitalization of $660.27 million, a price-to-earnings ratio of -12.02 and a beta of 1.14. The business’s fifty day moving average price is $5.55 and its two-hundred day moving average price is $5.72. Dakota Gold has a 52 week low of $3.60 and a 52 week high of $7.25.

Insider Buying and Selling at Dakota Gold

In other news, Director Jennifer S. Grafton sold 15,511 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.56, for a total value of $86,241.16. Following the transaction, the director directly owned 144,560 shares in the company, valued at $803,753.60. This trade represents a 9.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Todd J. Kenner purchased 17,921 shares of Dakota Gold stock in a transaction dated Thursday, May 28th. The stock was bought at an average price of $5.60 per share, for a total transaction of $100,357.60. Following the completion of the transaction, the director directly owned 17,921 shares in the company, valued at $100,357.60. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 8.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DC. AQR Capital Management LLC boosted its position in shares of Dakota Gold by 87.7% in the 1st quarter. AQR Capital Management LLC now owns 31,293 shares of the company’s stock worth $83,000 after purchasing an additional 14,617 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Dakota Gold by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 210,091 shares of the company’s stock worth $557,000 after purchasing an additional 8,249 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Dakota Gold by 14.9% in the 1st quarter. Jane Street Group LLC now owns 58,867 shares of the company’s stock worth $156,000 after purchasing an additional 7,626 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Dakota Gold in the 1st quarter worth $87,000. Finally, Rhumbline Advisers boosted its position in shares of Dakota Gold by 96.7% in the 2nd quarter. Rhumbline Advisers now owns 230,909 shares of the company’s stock worth $852,000 after purchasing an additional 113,493 shares during the last quarter. 37.41% of the stock is currently owned by institutional investors.

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.