Dakota Gold Corp. (NYSE:DC – Get Free Report) fell 3.6% on Monday . The company traded as low as $4.26 and last traded at $4.34. Approximately 928,796 shares traded hands during trading, a decline of 44% from the average daily volume of 1,654,613 shares. The stock had previously closed at $4.50.
Analyst Upgrades and Downgrades
A number of analysts have commented on DC shares. Canaccord Genuity Group upped their price target on shares of Dakota Gold from $16.00 to $18.00 and gave the company a “speculative buy” rating in a research report on Tuesday, May 26th. 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 for the company. Finally, HC Wainwright reissued a “buy” rating and issued a $10.50 price objective on shares of Dakota Gold in a research note on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Dakota Gold has an average rating of “Moderate Buy” and a consensus price target of $12.38.
Check Out Our Latest Report on DC
Dakota Gold Stock Performance
Insiders Place Their Bets
In related news, Director Todd J. Kenner purchased 17,921 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was purchased at an average cost of $5.60 per share, with a total value of $100,357.60. Following the completion of the purchase, the director owned 17,921 shares in the company, valued at approximately $100,357.60. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jennifer S. Grafton sold 15,511 shares of Dakota Gold stock in a transaction on Monday, May 18th. The shares were sold at an average price of $5.56, for a total transaction of $86,241.16. Following the completion of the sale, the director directly owned 144,560 shares of the company’s stock, valued at approximately $803,753.60. This trade represents a 9.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.50% of the stock is owned by insiders.
Hedge Funds Weigh In On Dakota Gold
A number of institutional investors and hedge funds have recently made changes to their positions in DC. Steward Partners Investment Advisory LLC increased its position in Dakota Gold by 105.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,203 shares of the company’s stock valued at $41,000 after buying an additional 3,703 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Dakota Gold by 120.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company’s stock worth $31,000 after buying an additional 4,541 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Dakota Gold in the fourth quarter worth approximately $55,000. Financial Engines Advisors L.L.C. bought a new position in Dakota Gold in the third quarter worth approximately $46,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in Dakota Gold in the third quarter valued at approximately $46,000. Institutional investors own 37.41% of the company’s stock.
Dakota Gold Company Profile
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.
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