Quantinno Capital Management LP Raises Stock Holdings in Dakota Gold Corp. $DC

Quantinno Capital Management LP increased its holdings in shares of Dakota Gold Corp. (NYSE:DC) by 469.9% in the first quarter, Holdings Channel.com reports. The fund owned 107,318 shares of the company’s stock after buying an additional 88,488 shares during the quarter. Quantinno Capital Management LP’s holdings in Dakota Gold were worth $542,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Global Strategic Management Inc. bought a new position in Dakota Gold in the 4th quarter valued at $3,094,000. Invesco Ltd. lifted its position in shares of Dakota Gold by 890.0% during the fourth 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. Euro Pacific Asset Management LLC boosted its stake in shares of Dakota Gold by 15.8% during the first quarter. Euro Pacific Asset Management LLC now owns 3,534,049 shares of the company’s stock valued at $18,103,000 after purchasing an additional 482,565 shares during the period. Amundi boosted its stake in shares of Dakota Gold by 46.3% during the third quarter. Amundi now owns 1,500,000 shares of the company’s stock valued at $6,900,000 after purchasing an additional 475,000 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of Dakota Gold by 41.7% in the third quarter. Marshall Wace LLP now owns 1,474,488 shares of the company’s stock worth $6,709,000 after purchasing an additional 434,054 shares during the last quarter. Hedge funds and other institutional investors own 37.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DC shares. HC Wainwright boosted their price objective on shares of Dakota Gold from $10.50 to $10.75 and gave the company a “buy” rating in a research report on Thursday, July 16th. Canaccord Genuity Group raised 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 report on Tuesday, May 26th. Finally, Canadian Imperial Bank of Commerce started coverage on shares of Dakota Gold in a research note on Tuesday, May 5th. They set an “outperform” rating and a $11.00 price target for the company. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.44.

Dakota Gold Trading Down 2.1%

Shares of Dakota Gold stock opened at $6.17 on Friday. The firm has a market cap of $827.85 million, a P/E ratio of -15.05 and a beta of 1.19. Dakota Gold Corp. has a 12 month low of $3.79 and a 12 month high of $7.25. The stock’s fifty day moving average price is $4.90 and its 200-day moving average price is $5.40.

Insiders Place Their Bets

In other Dakota Gold news, Director Todd J. Kenner bought 17,921 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were bought at an average cost of $5.60 per share, for a total transaction of $100,357.60. Following the acquisition, the director directly owned 17,921 shares in the company, valued at approximately $100,357.60. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.50% of the stock is currently owned by company insiders.

Dakota Gold 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.