Fiscal Wisdom Wealth Management LLC Invests $3.66 Million in Dakota Gold Corp. $DC

Fiscal Wisdom Wealth Management LLC purchased a new stake in Dakota Gold Corp. (NYSE:DC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 852,802 shares of the company’s stock, valued at approximately $3,659,000. Dakota Gold comprises 3.5% of Fiscal Wisdom Wealth Management LLC’s holdings, making the stock its 4th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its position in shares of Dakota Gold by 109.8% in the second quarter. Nisa Investment Advisors LLC now owns 7,070 shares of the company’s stock valued at $26,000 after acquiring an additional 3,700 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Dakota Gold by 120.5% during the second quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company’s stock worth $31,000 after buying an additional 4,541 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in Dakota Gold by 130.7% in the second quarter. Ameritas Investment Partners Inc. now owns 8,788 shares of the company’s stock valued at $32,000 after acquiring an additional 4,978 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Dakota Gold in the 3rd quarter valued at about $46,000. Finally, Avantax Planning Partners Inc. bought a new position in shares of Dakota Gold in the 3rd quarter valued at about $62,000. 37.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of Dakota Gold to a “hold” rating in a research note on Tuesday, January 6th. HC Wainwright assumed coverage on Dakota Gold in a research note on Monday, January 5th. They set a “buy” rating and a $9.75 target price for the company. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Dakota Gold presently has a consensus rating of “Moderate Buy” and an average price target of $10.25.

Insiders Place Their Bets

In related news, CEO Robert Quartermain sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $6.88, for a total value of $1,720,000.00. Following the completion of the sale, the chief executive officer directly owned 7,493,244 shares in the company, valued at approximately $51,553,518.72. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Shawn Campbell sold 55,000 shares of the stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $6.30, for a total value of $346,500.00. Following the sale, the chief financial officer directly owned 179,491 shares in the company, valued at $1,130,793.30. This represents a 23.46% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 17.40% of the company’s stock.

Dakota Gold Stock Up 3.6%

Shares of DC stock opened at $5.79 on Thursday. Dakota Gold Corp. has a 12-month low of $2.40 and a 12-month high of $7.25. The company has a market capitalization of $672.56 million, a PE ratio of -14.12 and a beta of 1.08. The firm has a 50 day moving average price of $6.03 and a two-hundred day moving average price of $4.99.

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.