Knoll Capital Management LLC Takes Position in Dakota Gold Corp. $DC

Knoll Capital Management LLC bought a new stake in Dakota Gold Corp. (NYSE:DC) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 122,921 shares of the company’s stock, valued at approximately $559,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in Dakota Gold by 120.5% during the second quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company’s stock valued at $31,000 after buying an additional 4,541 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of Dakota Gold by 130.7% in the second quarter. Ameritas Investment Partners Inc. now owns 8,788 shares of the company’s stock worth $32,000 after acquiring an additional 4,978 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Dakota Gold in the third quarter worth about $46,000. Banque Cantonale Vaudoise purchased a new stake in shares of Dakota Gold during the 3rd quarter worth about $46,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Dakota Gold during the 2nd quarter worth about $59,000. 37.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP James Mccoy Berry sold 12,388 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $7.02, for a total transaction of $86,963.76. Following the completion of the transaction, the vice president owned 371,748 shares in the company, valued at $2,609,670.96. This represents a 3.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Quartermain sold 250,000 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $6.88, for a total transaction of $1,720,000.00. Following the completion of the transaction, the chief executive officer directly owned 7,493,244 shares in the company, valued at $51,553,518.72. This represents a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 338,595 shares of company stock worth $2,302,337 over the last 90 days. 17.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DC shares. Zacks Research upgraded Dakota Gold to a “hold” rating in a research note on Tuesday, January 6th. Scotiabank initiated coverage on Dakota Gold in a research report on Monday, February 23rd. They set a “sector outperform” rating and a $10.00 price target on the stock. Finally, HC Wainwright began coverage on Dakota Gold in a research report on Monday, January 5th. They set a “buy” rating and a $9.75 price target on the stock. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.19.

Dakota Gold Stock Performance

Shares of NYSE DC opened at $5.58 on Tuesday. The firm has a fifty day moving average of $6.20 and a 200 day moving average of $5.28. The firm has a market cap of $648.17 million, a PE ratio of -13.61 and a beta of 1.03. Dakota Gold Corp. has a one year low of $2.40 and a one year high of $7.25.

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.