Dakota Gold (NYSE:DC) Director Todd Kenner Acquires 17,921 Shares

Dakota Gold Corp. (NYSE:DC) Director Todd Kenner bought 17,921 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were bought at an average cost of $5.60 per share, for a total transaction of $100,357.60. Following the transaction, the director directly owned 17,921 shares of the company’s stock, valued at $100,357.60. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Dakota Gold Price Performance

DC stock traded up $0.14 on Friday, reaching $5.76. 1,278,382 shares of the company were exchanged, compared to its average volume of 1,602,861. Dakota Gold Corp. has a 12 month low of $3.04 and a 12 month high of $7.25. The stock’s fifty day moving average price is $5.45 and its 200 day moving average price is $5.62. The firm has a market capitalization of $771.43 million, a PE ratio of -14.05 and a beta of 1.14.

Analyst Ratings Changes

A number of research firms have weighed in on DC. HC Wainwright reiterated a “buy” rating and set a $10.50 price target on shares of Dakota Gold in a research note on Wednesday, April 22nd. Scotiabank began coverage on shares of Dakota Gold in a research note on Monday, February 23rd. They set a “sector outperform” rating and a $10.00 price target on the stock. Canadian Imperial Bank of Commerce began coverage on shares of Dakota Gold in a research note on Tuesday, May 5th. They set an “outperform” rating and a $11.00 price target on the stock. Finally, Canaccord Genuity Group lifted their price target on shares of Dakota Gold from $16.00 to $18.00 and gave the stock a “speculative buy” rating in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.70.

Institutional Investors Weigh In On Dakota Gold

Several large investors have recently made changes to their positions in DC. AQR Capital Management LLC boosted its position in Dakota Gold by 87.7% in the first quarter. AQR Capital Management LLC now owns 31,293 shares of the company’s stock valued at $83,000 after buying an additional 14,617 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Dakota Gold by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 210,091 shares of the company’s stock valued at $557,000 after buying an additional 8,249 shares in the last quarter. Jane Street Group LLC boosted its position in Dakota Gold by 14.9% in the first quarter. Jane Street Group LLC now owns 58,867 shares of the company’s stock valued at $156,000 after buying an additional 7,626 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Dakota Gold in the first quarter valued at about $87,000. Finally, Rhumbline Advisers boosted its position in Dakota Gold by 96.7% in the second quarter. Rhumbline Advisers now owns 230,909 shares of the company’s stock valued at $852,000 after buying an additional 113,493 shares in the last quarter. 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.