Dakota Gold (NYSE:DC) Price Target Raised to $10.50

Dakota Gold (NYSE:DC) had its price target raised by HC Wainwright from $9.75 to $10.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Zacks Research upgraded shares of Dakota Gold to a “hold” rating in a research report on Tuesday, January 6th. Scotiabank started coverage on shares of Dakota Gold in a report on Monday, February 23rd. They issued a “sector outperform” rating and a $10.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.38.

Dakota Gold Stock Down 4.4%

NYSE DC opened at $4.54 on Wednesday. Dakota Gold has a 52 week low of $2.40 and a 52 week high of $7.25. The business’s fifty day simple moving average is $6.14 and its 200-day simple moving average is $5.29. The firm has a market cap of $527.36 million, a PE ratio of -11.07 and a beta of 1.03.

Insider Buying and Selling

In other Dakota Gold news, CFO Shawn Campbell sold 21,207 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $7.02, for a total transaction of $148,873.14. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert Quartermain sold 250,000 shares of Dakota Gold 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 sale, the chief executive officer owned 7,493,244 shares of the company’s stock, valued at approximately $51,553,518.72. This represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 338,595 shares of company stock valued at $2,302,337. 26.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dakota Gold

A number of hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC increased its holdings in Dakota Gold by 105.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,203 shares of the company’s stock valued at $41,000 after purchasing an additional 3,703 shares during the last quarter. BNP Paribas Financial Markets lifted its stake 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 purchasing an additional 4,541 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Dakota Gold by 130.7% during the second quarter. Ameritas Investment Partners Inc. now owns 8,788 shares of the company’s stock worth $32,000 after buying an additional 4,978 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Dakota Gold during the fourth quarter worth $55,000. Finally, Financial Engines Advisors L.L.C. acquired a new stake in shares of Dakota Gold in the third quarter valued at $46,000. Hedge funds and other institutional investors own 37.41% of the company’s stock.

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.