Dakota Gold Corp. (NYSE:DC – Free Report) – Investment analysts at HC Wainwright lifted their FY2026 earnings estimates for shares of Dakota Gold in a research note issued on Thursday, July 16th. HC Wainwright analyst H. Ihle now forecasts that the company will earn ($0.30) per share for the year, up from their previous estimate of ($0.34). HC Wainwright currently has a “Buy” rating and a $10.75 target price on the stock.
Several other research analysts have also commented on DC. Canaccord Genuity Group boosted their price objective on shares of Dakota Gold from $16.00 to $18.00 and gave the stock a “speculative buy” rating in a research note on Tuesday, May 26th. Canadian Imperial Bank of Commerce initiated coverage on shares of Dakota Gold in a report on Tuesday, May 5th. They issued an “outperform” rating and a $11.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Dakota Gold presently has a consensus rating of “Moderate Buy” and an average target price of $12.44.
Dakota Gold Stock Performance
Shares of Dakota Gold stock opened at $4.16 on Monday. The company has a market capitalization of $557.14 million, a PE ratio of -10.15 and a beta of 1.20. The company has a 50-day simple moving average of $4.95 and a two-hundred day simple moving average of $5.52. Dakota Gold has a one year low of $3.60 and a one year high of $7.25.
Hedge Funds Weigh In On Dakota Gold
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brookstone Capital Management boosted its position in Dakota Gold by 19.5% in the first quarter. Brookstone Capital Management now owns 15,950 shares of the company’s stock valued at $81,000 after buying an additional 2,600 shares during the last quarter. LPL Financial LLC raised its position in Dakota Gold by 2.6% during the 4th quarter. LPL Financial LLC now owns 128,407 shares of the company’s stock worth $729,000 after buying an additional 3,224 shares during the last quarter. AQR Capital Management LLC raised its position in Dakota Gold by 4.9% during the 4th quarter. AQR Capital Management LLC now owns 75,001 shares of the company’s stock worth $426,000 after buying an additional 3,498 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Dakota Gold by 105.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,203 shares of the company’s stock valued at $41,000 after acquiring an additional 3,703 shares during the period. Finally, 55 North Private Wealth LLC boosted its holdings in shares of Dakota Gold by 27.6% in the 2nd quarter. 55 North Private Wealth LLC now owns 17,638 shares of the company’s stock valued at $75,000 after acquiring an additional 3,812 shares during the last quarter. Hedge funds and other institutional investors own 37.41% of the company’s stock.
Insider Activity at Dakota Gold
In other news, 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 in the company, valued at approximately $803,753.60. The trade was a 9.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Todd J. Kenner acquired 17,921 shares of the stock in a transaction dated Thursday, May 28th. The shares were bought at an average price of $5.60 per share, with a total value of $100,357.60. Following the completion of the purchase, the director directly owned 17,921 shares of the company’s stock, valued at approximately $100,357.60. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. 8.50% of the stock is currently owned by insiders.
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.
Featured Articles
- Five stocks we like better than Dakota Gold
- The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence
- Is Domino’s Stock Serving Up a Buying Opportunity?
- A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free
- Why Gold Miners Could Be the Market’s Biggest Comeback Story
Receive News & Ratings for Dakota Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dakota Gold and related companies with MarketBeat.com's FREE daily email newsletter.
