Dakota Gold’s (DC) Buy Rating Reiterated at HC Wainwright

Dakota Gold (NYSE:DC)‘s stock had its “buy” rating restated by analysts at HC Wainwright in a research note issued on Wednesday, Benzinga reports. They currently have a $10.75 price target on the stock. HC Wainwright’s price target suggests a potential upside of 75.22% from the stock’s previous close.

Dakota Gold Trading Down 1.2%

DC stock traded down $0.08 during midday trading on Wednesday, hitting $6.14. The stock had a trading volume of 399,758 shares, compared to its average volume of 1,573,385. Dakota Gold has a 52 week low of $3.79 and a 52 week high of $7.25. The stock has a 50-day simple moving average of $5.83 and a 200 day simple moving average of $5.39. The firm has a market capitalization of $823.15 million, a price-to-earnings ratio of -14.99 and a beta of 1.23.

Institutional Investors Weigh In On Dakota Gold

A number of large investors have recently modified their holdings of DC. Global Retirement Partners LLC acquired a new stake in Dakota Gold during the 2nd quarter worth approximately $29,000. IFP Advisors Inc grew its holdings in Dakota Gold by 36.5% in the second quarter. IFP Advisors Inc now owns 6,872 shares of the company’s stock worth $29,000 after purchasing an additional 1,838 shares during the period. Legal & General Group Plc acquired a new stake in Dakota Gold in the second quarter worth $48,000. Wealth Preservation Advisors LLC acquired a new stake in Dakota Gold in the fourth quarter worth $81,000. Finally, Ieq Capital LLC acquired a new position in Dakota Gold during the 2nd quarter worth approximately $64,000. Institutional investors and hedge funds 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 discovering and advancing gold deposits in the historic Homestake District of South Dakota. The company’s activities include geological mapping, drilling, sampling, resource evaluation and other exploration work rather than commercial gold production.

Dakota Gold controls a substantial land position in the Homestake District, an area with a long history of gold mining near Lead, South Dakota. Its exploration portfolio includes projects such as Richmond Hill and Maitland, where the company is evaluating the potential for large-scale gold mineralization and developing targets for further drilling.

The Homestake District was historically one of the most important gold-producing regions in the United States.