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

Shares of Dakota Gold Corp. (NYSE:DC) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $11.70.

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

Dakota Gold Stock Performance

Shares of DC traded up $0.37 during trading hours on Tuesday, hitting $5.60. 592,474 shares of the stock were exchanged, compared to its average volume of 1,606,342. The stock’s 50-day moving average price is $5.45 and its two-hundred day moving average price is $5.58. Dakota Gold has a 12-month low of $2.96 and a 12-month high of $7.25. The company has a market cap of $750.00 million, a price-to-earnings ratio of -13.66 and a beta of 1.14.

Insider Transactions at Dakota Gold

In related news, CFO Shawn Campbell sold 21,207 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $7.02, for a total value of $148,873.14. Following the completion of the sale, the chief financial officer owned 231,526 shares of the company’s stock, valued at approximately $1,625,312.52. This trade represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP James Mccoy Berry sold 12,388 shares of Dakota Gold stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $7.02, for a total value of $86,963.76. Following the transaction, the vice president owned 371,748 shares in the company, valued at approximately $2,609,670.96. The trade was a 3.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 49,106 shares of company stock worth $322,078 in the last ninety days. Insiders own 8.50% of the company’s stock.

Institutional Trading of Dakota Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC raised its holdings in shares of Dakota Gold by 105.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,203 shares of the company’s stock worth $41,000 after acquiring an additional 3,703 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Dakota Gold by 120.5% in the second quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company’s stock valued at $31,000 after purchasing an additional 4,541 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Dakota Gold in the fourth quarter valued at about $55,000. Financial Engines Advisors L.L.C. acquired a new stake in Dakota Gold during the third quarter worth about $46,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in Dakota Gold during the third quarter worth about $46,000. 37.41% of the stock is owned by institutional investors and hedge funds.

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.