Vestcor Inc Cuts Position in Dakota Gold Corp. $DC

Vestcor Inc decreased its holdings in Dakota Gold Corp. (NYSE:DC) by 66.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 180,230 shares of the company’s stock after selling 355,800 shares during the quarter. Vestcor Inc’s holdings in Dakota Gold were worth $1,024,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DC. Fiscal Wisdom Wealth Management LLC purchased a new position in Dakota Gold in the third quarter valued at approximately $3,659,000. Tudor Investment Corp ET AL purchased a new position in Dakota Gold in the third quarter valued at approximately $2,224,000. Amundi raised its holdings in Dakota Gold by 46.3% in the third quarter. Amundi now owns 1,500,000 shares of the company’s stock valued at $6,900,000 after buying an additional 475,000 shares during the period. Marshall Wace LLP raised its holdings in Dakota Gold by 41.7% in the third quarter. Marshall Wace LLP now owns 1,474,488 shares of the company’s stock valued at $6,709,000 after buying an additional 434,054 shares during the period. Finally, Euro Pacific Asset Management LLC raised its holdings in Dakota Gold by 14.0% in the fourth quarter. Euro Pacific Asset Management LLC now owns 3,051,484 shares of the company’s stock valued at $17,243,000 after buying an additional 374,404 shares during the period. Hedge funds and other institutional investors own 37.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. HC Wainwright restated a “buy” rating and issued a $10.50 price target on shares of Dakota Gold in a report on Wednesday, April 22nd. Canadian Imperial Bank of Commerce assumed 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. Canaccord Genuity Group raised their price target on shares of Dakota Gold from $16.00 to $18.00 and gave the company a “speculative buy” rating in a report on Tuesday, May 26th. Finally, Scotiabank assumed coverage on shares of Dakota Gold in a report on Monday, February 23rd. They issued a “sector outperform” rating and a $10.00 price target on the stock. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Dakota Gold currently has a consensus rating of “Moderate Buy” and an average price target of $11.70.

Insider Buying and Selling

In other news, Director Jennifer S. Grafton sold 15,511 shares of Dakota Gold stock in a transaction that occurred 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 sale, the director owned 144,560 shares in the company, valued at $803,753.60. This trade represents a 9.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Todd J. Kenner acquired 17,921 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were purchased at an average price of $5.60 per share, for a total transaction of $100,357.60. Following 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 8.50% of the company’s stock.

Dakota Gold Stock Up 0.8%

DC opened at $5.05 on Tuesday. The firm has a market capitalization of $676.34 million, a P/E ratio of -12.32 and a beta of 1.14. The firm’s 50 day moving average is $5.58 and its 200-day moving average is $5.69. Dakota Gold Corp. has a 52-week low of $3.60 and a 52-week high of $7.25.

Dakota Gold 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.