159,406 Shares in Dakota Gold Corp. $DC Bought by Sei Investments Co.

Sei Investments Co. purchased a new stake in Dakota Gold Corp. (NYSE:DC) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 159,406 shares of the company’s stock, valued at approximately $805,000. Sei Investments Co. owned approximately 0.12% of Dakota Gold at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in Dakota Gold by 87.7% during the 1st quarter. AQR Capital Management LLC now owns 31,293 shares of the company’s stock worth $83,000 after acquiring an additional 14,617 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Dakota Gold by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 210,091 shares of the company’s stock valued at $557,000 after purchasing an additional 8,249 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Dakota Gold by 14.9% during the first quarter. Jane Street Group LLC now owns 58,867 shares of the company’s stock worth $156,000 after purchasing an additional 7,626 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Dakota Gold in the first quarter worth about $87,000. Finally, Rhumbline Advisers grew its stake in Dakota Gold by 96.7% in the second quarter. Rhumbline Advisers now owns 230,909 shares of the company’s stock worth $852,000 after purchasing an additional 113,493 shares in the last quarter. 37.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on DC. Canadian Imperial Bank of Commerce assumed coverage on Dakota Gold in a report on Tuesday, May 5th. They issued an “outperform” rating and a $11.00 price objective for the company. Canaccord Genuity Group lifted their target price on Dakota Gold from $16.00 to $18.00 and gave the stock a “speculative buy” rating in a research report on Tuesday, May 26th. Finally, HC Wainwright boosted their price target on Dakota Gold from $10.50 to $10.75 and gave the company a “buy” rating in a report on Thursday, July 16th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $12.44.

Dakota Gold Trading Down 1.6%

DC opened at $6.17 on Friday. The business’s 50 day moving average is $4.77 and its 200-day moving average is $5.41. The stock has a market cap of $826.34 million, a PE ratio of -15.05 and a beta of 1.19. Dakota Gold Corp. has a twelve month low of $3.74 and a twelve month high of $7.25.

Insider Buying and Selling at Dakota Gold

In other Dakota Gold news, Director Jennifer S. Grafton sold 15,511 shares of Dakota Gold stock in a transaction on Monday, May 18th. The stock was 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 of the company’s stock, valued at $803,753.60. The trade was a 9.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Todd J. Kenner purchased 17,921 shares of Dakota Gold stock in a transaction on Thursday, May 28th. The shares were acquired at an average price of $5.60 per share, with a total value of $100,357.60. Following the transaction, the director directly owned 17,921 shares in the company, valued at $100,357.60. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 8.50% of the stock is owned by 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.