Dakota Gold Corp. (NYSE:DC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Dakota Gold Corp. (NYSE:DC) have been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $11.70.

Several equities research analysts have issued reports on DC shares. Scotiabank started coverage on Dakota Gold in a research note on Monday, February 23rd. They set a “sector outperform” rating and a $10.00 target price for the company. HC Wainwright reissued a “buy” rating and set a $10.50 target price on shares of Dakota Gold in a research note on Wednesday, April 22nd. Canadian Imperial Bank of Commerce started coverage on Dakota Gold in a research note on Tuesday, May 5th. They set an “outperform” rating and a $11.00 target price for the company. Finally, Canaccord Genuity Group raised their target price on Dakota Gold from $16.00 to $18.00 and gave the stock a “speculative buy” rating in a research note on Tuesday, May 26th.

Insider Buying and Selling at Dakota Gold

In other news, Director Todd J. Kenner acquired 17,921 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was acquired at an average cost of $5.60 per share, with a total value of $100,357.60. Following the completion of the purchase, the director owned 17,921 shares of the company’s stock, valued at $100,357.60. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jennifer S. Grafton sold 15,511 shares of Dakota Gold stock in a transaction on Monday, May 18th. The shares were sold at an average price of $5.56, for a total value of $86,241.16. Following the completion of the sale, the director directly owned 144,560 shares of the company’s stock, valued at $803,753.60. The trade was a 9.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dakota Gold

Institutional investors have recently modified their holdings of the company. Tudor Investment Corp ET AL acquired a new stake in shares of Dakota Gold in the third quarter valued at $2,224,000. Euro Pacific Asset Management LLC grew its stake in shares of 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 in the last quarter. Fiscal Wisdom Wealth Management LLC acquired a new stake in shares of Dakota Gold in the third quarter valued at $3,659,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Dakota Gold in the third quarter valued at $410,000. Finally, Knoll Capital Management LLC acquired a new stake in shares of Dakota Gold in the third quarter valued at $559,000. 37.41% of the stock is owned by institutional investors and hedge funds.

Dakota Gold Stock Up 3.8%

DC stock opened at $5.98 on Tuesday. The business has a fifty day moving average of $5.49 and a two-hundred day moving average of $5.64. The stock has a market cap of $800.89 million, a price-to-earnings ratio of -14.59 and a beta of 1.14. Dakota Gold has a 52-week low of $3.08 and a 52-week high of $7.25.

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.