Dakota Gold Corp. $DC Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its holdings in shares of Dakota Gold Corp. (NYSE:DC) by 2,183.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 231,797 shares of the company’s stock after buying an additional 221,645 shares during the quarter. GSA Capital Partners LLP’s holdings in Dakota Gold were worth $1,317,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DC. AQR Capital Management LLC lifted 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 buying an additional 14,617 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Dakota Gold by 4.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 210,091 shares of the company’s stock worth $557,000 after buying an additional 8,249 shares in the last quarter. Jane Street Group LLC lifted its holdings in Dakota Gold by 14.9% during the 1st quarter. Jane Street Group LLC now owns 58,867 shares of the company’s stock worth $156,000 after buying an additional 7,626 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Dakota Gold during the 1st quarter worth approximately $87,000. Finally, Rhumbline Advisers lifted its holdings in Dakota Gold by 96.7% during the 2nd quarter. Rhumbline Advisers now owns 230,909 shares of the company’s stock worth $852,000 after buying an additional 113,493 shares in the last quarter. 37.41% of the stock is currently owned by institutional investors and hedge funds.

Dakota Gold Trading Down 0.9%

Shares of DC opened at $5.39 on Thursday. Dakota Gold Corp. has a twelve month low of $2.88 and a twelve month high of $7.25. The firm’s fifty day simple moving average is $5.50 and its 200-day simple moving average is $5.56. The firm has a market capitalization of $721.87 million, a price-to-earnings ratio of -13.15 and a beta of 1.14.

Analyst Ratings Changes

DC has been the topic of a number of research reports. Scotiabank initiated coverage on shares of Dakota Gold in a report on Monday, February 23rd. They set a “sector outperform” rating and a $10.00 target price on the stock. HC Wainwright reiterated a “buy” rating and set a $10.50 target price on shares of Dakota Gold in a report on Wednesday, April 22nd. Finally, Canadian Imperial Bank of Commerce started coverage on shares of Dakota Gold in a report on Tuesday, May 5th. They set an “outperform” rating and a $11.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $10.50.

Insider Activity

In other news, Director Jennifer S. Grafton sold 15,511 shares of the firm’s 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 sale, the director directly owned 144,560 shares in the company, valued at approximately $803,753.60. This trade represents a 9.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shawn Campbell sold 21,207 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $7.02, for a total transaction of $148,873.14. Following the completion of the sale, the chief financial officer owned 231,526 shares in the company, valued at $1,625,312.52. The trade was a 8.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 49,106 shares of company stock worth $322,078. 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.