Dakota Gold (NYSE:DC) Stock Rating Upgraded by Zacks Research

Dakota Gold (NYSE:DC) was upgraded by equities researchers at Zacks Research to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, HC Wainwright assumed coverage on Dakota Gold in a research note on Monday. They set a “buy” rating and a $9.75 target price on the stock. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Dakota Gold has an average rating of “Moderate Buy” and an average price target of $10.25.

Dakota Gold Trading Up 3.2%

Shares of Dakota Gold stock opened at $5.75 on Tuesday. The business’s fifty day simple moving average is $4.98 and its 200 day simple moving average is $4.51. Dakota Gold has a 12 month low of $2.21 and a 12 month high of $6.25. The firm has a market capitalization of $651.26 million, a P/E ratio of -14.02 and a beta of 1.08.

Insiders Place Their Bets

In other Dakota Gold news, Director Stephen T. O’rourke sold 50,000 shares of the firm’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $4.66, for a total value of $233,000.00. Following the completion of the sale, the director directly owned 918,199 shares of the company’s stock, valued at $4,278,807.34. This trade represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 17.40% of the company’s stock.

Institutional Investors Weigh In On Dakota Gold

Several large investors have recently added to or reduced their stakes in DC. Tudor Investment Corp ET AL bought a new stake in Dakota Gold in the 3rd quarter valued at about $2,224,000. Coldstream Capital Management Inc. purchased a new position in shares of Dakota Gold in the third quarter worth about $163,000. Financial Engines Advisors L.L.C. purchased a new position in shares of Dakota Gold in the third quarter worth about $46,000. Sherbrooke Park Advisers LLC bought a new stake in shares of Dakota Gold in the third quarter valued at approximately $46,000. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Dakota Gold by 665.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 133,427 shares of the company’s stock valued at $607,000 after buying an additional 115,991 shares in the last quarter. 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.