Dakota Gold (NYSE:DC) Given Buy Rating at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Dakota Gold (NYSE:DC) in a report published on Wednesday morning,Benzinga reports. They currently have a $10.50 price objective on the stock.

DC has been the subject of a number of other reports. Scotiabank began coverage on Dakota Gold in a report on Monday, February 23rd. They set a “sector outperform” rating and a $10.00 target price for the company. Zacks Research raised shares of Dakota Gold to a “hold” rating in a research note on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.38.

Dakota Gold Price Performance

Shares of Dakota Gold stock opened at $6.01 on Wednesday. The business has a 50-day moving average of $5.66 and a 200 day moving average of $5.40. Dakota Gold has a 12 month low of $2.62 and a 12 month high of $7.25. The stock has a market capitalization of $802.44 million, a price-to-earnings ratio of -14.66 and a beta of 1.20.

Insider Buying and Selling

In related news, CEO Robert Quartermain sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $6.88, for a total transaction of $1,720,000.00. Following the sale, the chief executive officer directly owned 7,493,244 shares of the company’s stock, valued at $51,553,518.72. This represents a 3.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP James Mccoy Berry sold 12,388 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $7.02, for a total transaction of $86,963.76. Following the sale, the vice president directly owned 371,748 shares in the company, valued at approximately $2,609,670.96. The trade was a 3.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 283,595 shares of company stock valued at $1,955,837 in the last ninety days. Company insiders own 17.40% of the company’s stock.

Institutional Investors Weigh In On Dakota Gold

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