Groupe la Francaise Acquires 850,000 Shares of Dakota Gold Corp. $DC

Groupe la Francaise increased its holdings in Dakota Gold Corp. (NYSE:DC) by 154.5% in the first quarter, Holdings Channel.com reports. The firm owned 1,400,000 shares of the company’s stock after acquiring an additional 850,000 shares during the period. Groupe la Francaise’s holdings in Dakota Gold were worth $7,041,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its position 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 worth $41,000 after purchasing an additional 3,703 shares during the period. BNP Paribas Financial Markets lifted its stake in Dakota Gold by 120.5% in 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 during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Dakota Gold during the fourth quarter valued at about $55,000. Financial Engines Advisors L.L.C. purchased a new stake in Dakota Gold during the third quarter valued at about $46,000. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of Dakota Gold during the third quarter valued at about $46,000. Institutional investors own 37.41% of the company’s stock.

Dakota Gold Stock Down 2.6%

Shares of NYSE DC opened at $4.54 on Friday. The firm’s fifty day moving average is $4.76 and its 200 day moving average is $5.46. Dakota Gold Corp. has a 52 week low of $3.60 and a 52 week high of $7.25. The company has a market cap of $608.03 million, a price-to-earnings ratio of -11.07 and a beta of 1.20.

Analyst Upgrades and Downgrades

DC has been the topic of several analyst reports. HC Wainwright lifted their price objective on Dakota Gold from $10.50 to $10.75 and gave the stock a “buy” rating in a report on Thursday, July 16th. Canaccord Genuity Group increased their target price on Dakota Gold from $16.00 to $18.00 and gave the company a “speculative buy” rating in a report on Tuesday, May 26th. Finally, Canadian Imperial Bank of Commerce assumed coverage on Dakota Gold in a report on Tuesday, May 5th. They set an “outperform” rating and a $11.00 target price for the company. Four 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.com, Dakota Gold currently has a consensus rating of “Moderate Buy” and an average price target of $12.44.

Insider Buying and Selling at Dakota Gold

In other Dakota Gold news, Director Jennifer S. Grafton sold 15,511 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $5.56, for a total value of $86,241.16. Following the sale, the director owned 144,560 shares of the company’s stock, valued at $803,753.60. This trade represents a 9.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Todd J. Kenner purchased 17,921 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was purchased at an average cost of $5.60 per share, for a total transaction of $100,357.60. Following the acquisition, the director owned 17,921 shares in the company, valued at approximately $100,357.60. The trade was a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 8.50% of the company’s stock.

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.