Dakota Gold Corp. (NYSE:DC – Get Free Report) Director Todd Kenner purchased 17,921 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were bought at an average price of $5.60 per share, for a total transaction of $100,357.60. Following the acquisition, the director directly owned 17,921 shares in the company, valued at $100,357.60. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Dakota Gold Stock Performance
NYSE:DC opened at $5.76 on Friday. The stock’s fifty day moving average is $5.47 and its 200 day moving average is $5.62. Dakota Gold Corp. has a fifty-two week low of $3.04 and a fifty-two week high of $7.25. The firm has a market capitalization of $771.43 million, a PE ratio of -14.05 and a beta of 1.14.
Analyst Ratings Changes
A number of analysts recently weighed in on DC shares. HC Wainwright reissued a “buy” rating and issued a $10.50 price objective on shares of Dakota Gold in a research report on Wednesday, April 22nd. Canaccord Genuity Group increased 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 report on Tuesday. Canadian Imperial Bank of Commerce started coverage on shares of Dakota Gold in a research report on Tuesday, May 5th. They issued an “outperform” rating and a $11.00 price objective on the stock. Finally, Scotiabank started coverage on shares of 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. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.70.
Institutional Trading of Dakota Gold
Hedge funds and other institutional investors have recently bought and sold shares of the business. Tudor Investment Corp ET AL purchased a new stake in Dakota Gold in the third quarter worth $2,224,000. Euro Pacific Asset Management LLC increased its position in shares of Dakota Gold by 14.0% during the fourth quarter. Euro Pacific Asset Management LLC now owns 3,051,484 shares of the company’s stock worth $17,243,000 after acquiring an additional 374,404 shares during the period. Fiscal Wisdom Wealth Management LLC purchased a new position in shares of Dakota Gold during the third quarter worth approximately $3,659,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Dakota Gold during the third quarter worth approximately $410,000. Finally, Knoll Capital Management LLC purchased a new position in shares of Dakota Gold during the third quarter worth approximately $559,000. 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.
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