Dakota Gold Corp. (NYSE:DC) Receives Average Recommendation of “Moderate Buy” from Analysts

Dakota Gold Corp. (NYSE:DC) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $11.70.

Several equities research analysts have commented on the stock. HC Wainwright reissued a “buy” rating and issued a $10.50 price target on shares of Dakota Gold in a report on Wednesday, April 22nd. Canaccord Genuity Group lifted their target price on shares of Dakota Gold from $16.00 to $18.00 and gave the company a “speculative buy” rating in a report on Tuesday. Canadian Imperial Bank of Commerce initiated coverage on shares of Dakota Gold in a report on Tuesday, May 5th. They set an “outperform” rating and a $11.00 price target on the stock. Finally, Scotiabank began coverage on shares of 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.

Insider Transactions at Dakota Gold

In other Dakota Gold news, VP James Mccoy Berry sold 12,388 shares of the firm’s 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 sale, the vice president directly owned 371,748 shares of the company’s stock, valued at approximately $2,609,670.96. This trade represents a 3.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shawn Campbell sold 21,207 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $7.02, for a total value of $148,873.14. Following the completion of the sale, the chief financial officer owned 231,526 shares of the company’s stock, valued at $1,625,312.52. This trade represents a 8.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 49,106 shares of company stock valued at $322,078 in the last ninety days. 8.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dakota Gold

A number of institutional investors have recently added to or reduced their stakes in DC. Tudor Investment Corp ET AL purchased a new position in Dakota Gold during the third quarter valued at $2,224,000. Euro Pacific Asset Management LLC increased its stake in shares of Dakota Gold by 14.0% during the fourth quarter. Euro Pacific Asset Management LLC now owns 3,051,484 shares of the company’s stock worth $17,243,000 after purchasing an additional 374,404 shares in the last quarter. Fiscal Wisdom Wealth Management LLC acquired a new position in shares of Dakota Gold during the 3rd quarter worth about $3,659,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Dakota Gold during the 3rd quarter worth about $410,000. Finally, Knoll Capital Management LLC purchased a new position in Dakota Gold in the 3rd quarter valued at about $559,000. Institutional investors and hedge funds own 37.41% of the company’s stock.

Dakota Gold Trading Up 7.1%

Shares of DC stock traded up $0.37 during trading hours on Tuesday, hitting $5.60. The company’s stock had a trading volume of 592,474 shares, compared to its average volume of 1,606,342. The stock has a market cap of $750.00 million, a PE ratio of -13.66 and a beta of 1.14. Dakota Gold has a 12-month low of $2.96 and a 12-month high of $7.25. The company has a 50 day moving average of $5.45 and a 200 day moving average of $5.58.

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.