Dakota Gold (NYSE:DC) Coverage Initiated at HC Wainwright

Stock analysts at HC Wainwright initiated coverage on shares of Dakota Gold (NYSE:DC) in a report issued on Monday. The brokerage set a “buy” rating and a $9.75 price target on the stock. HC Wainwright’s price target would suggest a potential upside of 73.03% from the stock’s previous close.

Dakota Gold Stock Performance

Shares of NYSE:DC traded up $0.16 during midday trading on Monday, hitting $5.64. 546,261 shares of the stock were exchanged, compared to its average volume of 804,558. The business’s 50-day moving average price is $4.89 and its 200 day moving average price is $4.48. Dakota Gold has a 12 month low of $2.21 and a 12 month high of $6.25. The stock has a market capitalization of $638.23 million, a price-to-earnings ratio of -13.74 and a beta of 1.08.

Insiders Place Their Bets

In other Dakota Gold news, Director Stephen T. O’rourke sold 50,000 shares of Dakota Gold stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $4.66, for a total value of $233,000.00. Following the sale, the director owned 918,199 shares of the company’s stock, valued at approximately $4,278,807.34. The trade was a 5.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 17.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL bought a new stake in Dakota Gold in the third quarter valued at approximately $2,224,000. Coldstream Capital Management Inc. purchased a new stake in shares of Dakota Gold during the third quarter worth about $163,000. Financial Engines Advisors L.L.C. bought a new stake in shares of Dakota Gold in the third quarter worth about $46,000. Sherbrooke Park Advisers LLC bought a new position in Dakota Gold during the 3rd quarter valued at approximately $46,000. Finally, Qube Research & Technologies Ltd lifted its holdings in Dakota Gold by 665.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 133,427 shares of the company’s stock worth $607,000 after buying an additional 115,991 shares during the period. 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.