Todd Kenner Purchases 17,921 Shares of Dakota Gold (NYSE:DC) Stock

Dakota Gold Corp. (NYSE:DC) Director Todd Kenner bought 17,921 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were bought at an average cost of $5.60 per share, with a total value of $100,357.60. Following the completion of the transaction, the director owned 17,921 shares in the company, valued at $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 is available at the SEC website.

Dakota Gold Stock Up 2.5%

Shares of NYSE:DC opened at $5.76 on Friday. The firm has a market cap of $771.43 million, a P/E ratio of -14.05 and a beta of 1.14. Dakota Gold Corp. has a 12-month low of $3.04 and a 12-month high of $7.25. The business has a fifty day simple moving average of $5.47 and a 200 day simple moving average of $5.62.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Canadian Imperial Bank of Commerce assumed coverage on Dakota Gold in a research report on Tuesday, May 5th. They set an “outperform” rating and a $11.00 target price for the company. Canaccord Genuity Group raised their target price on Dakota Gold from $16.00 to $18.00 and gave the stock a “speculative buy” rating in a research report on Tuesday, May 26th. Scotiabank assumed coverage on Dakota Gold in a research report on Monday, February 23rd. They set a “sector outperform” rating and a $10.00 target price for the company. Finally, HC Wainwright reaffirmed a “buy” rating and set a $10.50 target price on shares of Dakota Gold in a research report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $11.70.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Brookstone Capital Management raised its position in shares of Dakota Gold by 19.5% in the 1st quarter. Brookstone Capital Management now owns 15,950 shares of the company’s stock worth $81,000 after acquiring an additional 2,600 shares in the last quarter. LPL Financial LLC raised its position in shares of Dakota Gold by 2.6% in the 4th quarter. LPL Financial LLC now owns 128,407 shares of the company’s stock worth $729,000 after acquiring an additional 3,224 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Dakota Gold by 4.9% in the 4th quarter. AQR Capital Management LLC now owns 75,001 shares of the company’s stock valued at $426,000 after buying an additional 3,498 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of 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 buying an additional 3,703 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Dakota Gold by 15.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,058 shares of the company’s stock valued at $118,000 after buying an additional 4,377 shares during the period. 37.41% of the stock is owned by institutional investors.

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.