Dakota Gold Corp. $DC is Fiscal Wisdom Wealth Management LLC’s 5th Largest Position

Fiscal Wisdom Wealth Management LLC trimmed its position in Dakota Gold Corp. (NYSE:DC) by 32.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 520,494 shares of the company’s stock after selling 248,338 shares during the period. Dakota Gold makes up approximately 2.5% of Fiscal Wisdom Wealth Management LLC’s holdings, making the stock its 5th biggest holding. Fiscal Wisdom Wealth Management LLC’s holdings in Dakota Gold were worth $2,628,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DC. Steward Partners Investment Advisory LLC lifted its holdings in shares of 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 purchasing an additional 3,703 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Dakota Gold by 120.5% in the second quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company’s stock valued at $31,000 after buying an additional 4,541 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Dakota Gold in the fourth quarter valued at about $55,000. Financial Engines Advisors L.L.C. acquired a new stake in Dakota Gold in the third quarter worth about $46,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in Dakota Gold in the third quarter worth about $46,000. 37.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DC has been the topic of several recent analyst reports. Canadian Imperial Bank of Commerce initiated coverage on shares of Dakota Gold in a report on Tuesday, May 5th. They set an “outperform” rating and a $11.00 price objective on the stock. Canaccord Genuity Group lifted their target price 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. Finally, HC Wainwright boosted their target price on shares of Dakota Gold from $10.50 to $10.75 and gave the stock a “buy” rating in a research report on Thursday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.44.

Dakota Gold Price Performance

Shares of DC stock opened at $4.16 on Friday. The business has a fifty day moving average of $5.03 and a 200 day moving average of $5.55. Dakota Gold Corp. has a 1 year low of $3.60 and a 1 year high of $7.25. The firm has a market capitalization of $557.14 million, a price-to-earnings ratio of -10.15 and a beta of 1.20.

Insider Transactions at Dakota Gold

In other news, Director Jennifer S. Grafton sold 15,511 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.56, for a total value of $86,241.16. Following the completion of the transaction, the director directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Todd J. Kenner bought 17,921 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were purchased at an average cost of $5.60 per share, with a total value of $100,357.60. Following the acquisition, 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. The SEC filing for this purchase provides additional information. 8.50% of the stock is currently owned by corporate insiders.

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.