Dakota Gold’s (DC) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Dakota Gold (NYSE:DC) in a report released on Wednesday,Benzinga reports. HC Wainwright currently has a $10.50 target price on the stock. HC Wainwright also issued estimates for Dakota Gold’s FY2026 earnings at ($0.34) EPS.

Several other research analysts have also commented on the company. Scotiabank began coverage on 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. Zacks Research upgraded Dakota Gold to a “hold” rating in a research report on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.38.

Dakota Gold Stock Down 0.7%

Shares of NYSE DC opened at $5.70 on Wednesday. Dakota Gold has a fifty-two week low of $2.62 and a fifty-two week high of $7.25. The business has a 50 day moving average price of $5.66 and a two-hundred day moving average price of $5.41. The firm has a market cap of $761.05 million, a PE ratio of -13.90 and a beta of 1.20.

Insider Activity at Dakota Gold

In other news, CFO Shawn Campbell sold 21,207 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 $148,873.14. Following the completion of the transaction, the chief financial officer owned 231,526 shares in the company, valued at approximately $1,625,312.52. This trade represents a 8.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the transaction, the vice president owned 371,748 shares of the company’s stock, valued at approximately $2,609,670.96. The trade was a 3.22% decrease in their position. The SEC filing for this sale provides additional information. 17.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Fiscal Wisdom Wealth Management LLC bought a new stake in shares of Dakota Gold in the 3rd quarter worth approximately $3,659,000. Global Strategic Management Inc. bought a new stake in shares of Dakota Gold in the 4th quarter worth approximately $3,094,000. Tudor Investment Corp ET AL bought a new stake in shares of Dakota Gold in the 3rd quarter worth approximately $2,224,000. Invesco Ltd. lifted its holdings in shares of Dakota Gold by 890.0% in the 4th quarter. Invesco Ltd. now owns 542,712 shares of the company’s stock worth $3,083,000 after purchasing an additional 487,891 shares during the last quarter. Finally, Amundi lifted its holdings in shares of Dakota Gold by 46.3% in the 3rd quarter. Amundi now owns 1,500,000 shares of the company’s stock worth $6,900,000 after purchasing an additional 475,000 shares during the last quarter. Institutional investors and hedge funds own 37.41% of the company’s stock.

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.