488,874 Shares in Dakota Gold Corp. $DC Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL purchased a new stake in Dakota Gold Corp. (NYSE:DC) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 488,874 shares of the company’s stock, valued at approximately $2,224,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DC. BNP Paribas Financial Markets grew 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 buying an additional 4,541 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of Dakota Gold by 130.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,788 shares of the company’s stock valued at $32,000 after acquiring an additional 4,978 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Dakota Gold in the 3rd quarter valued at $46,000. Financial Engines Advisors L.L.C. acquired a new position in shares of Dakota Gold during the 3rd quarter valued at $46,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in Dakota Gold during the 3rd quarter worth $46,000. 37.41% of the stock is owned by institutional investors and hedge funds.

Dakota Gold Stock Up 2.2%

DC opened at $4.56 on Friday. Dakota Gold Corp. has a 52-week low of $2.40 and a 52-week high of $7.25. The firm has a market capitalization of $529.69 million, a P/E ratio of -11.12 and a beta of 1.03. The firm’s 50 day moving average is $5.97 and its 200-day moving average is $5.29.

Insider Transactions at Dakota Gold

In related news, VP James Mccoy Berry sold 12,388 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $7.02, for a total value of $86,963.76. Following the transaction, the vice president owned 371,748 shares in the company, valued at approximately $2,609,670.96. The trade was a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Shawn Campbell sold 21,207 shares of the company’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 transaction, the chief financial officer directly owned 231,526 shares in the company, valued at approximately $1,625,312.52. The trade was a 8.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 338,595 shares of company stock valued at $2,302,337. 17.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DC has been the subject of several recent research reports. Zacks Research upgraded Dakota Gold to a “hold” rating in a report on Tuesday, January 6th. HC Wainwright boosted their price objective on Dakota Gold from $9.75 to $10.50 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Finally, Scotiabank started 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. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.38.

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.