Dakota Gold (NYSE:DC) Sets New 52-Week High – Should You Buy?

Dakota Gold Corp. (NYSE:DC) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $6.36 and last traded at $6.3650, with a volume of 1737603 shares changing hands. The stock had previously closed at $5.75.

Analyst Upgrades and Downgrades

DC has been the topic of several analyst reports. Zacks Research upgraded shares of Dakota Gold to a “hold” rating in a research note on Tuesday, January 6th. HC Wainwright initiated coverage on Dakota Gold in a report on Monday, January 5th. They issued 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $10.25.

Dakota Gold Price Performance

The firm’s 50-day moving average price is $5.09 and its 200-day moving average price is $4.57. The stock has a market cap of $716.95 million, a P/E ratio of -15.44 and a beta of 1.08.

Insider Buying and Selling

In other Dakota Gold news, Director Stephen T. O’rourke sold 50,000 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $4.66, for a total value of $233,000.00. Following the sale, the director owned 918,199 shares in the company, valued at $4,278,807.34. The trade was a 5.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 17.40% of the stock is currently owned by insiders.

Institutional Trading of Dakota Gold

Several hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in shares of Dakota Gold in the 4th quarter valued at about $111,000. Tudor Investment Corp ET AL purchased a new stake in Dakota Gold during the third quarter valued at approximately $2,224,000. Coldstream Capital Management Inc. bought a new stake in shares of Dakota Gold in the 3rd quarter valued at approximately $163,000. Financial Engines Advisors L.L.C. purchased a new position in shares of Dakota Gold in the 3rd quarter worth approximately $46,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Dakota Gold in the 3rd quarter worth approximately $46,000. 37.41% of the stock is currently owned by hedge funds and other institutional investors.

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.