Quantinno Capital Management LP Purchases 88,488 Shares of Dakota Gold Corp. $DC

Quantinno Capital Management LP raised its position in shares of Dakota Gold Corp. (NYSE:DC) by 469.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,318 shares of the company’s stock after acquiring an additional 88,488 shares during the period. Quantinno Capital Management LP owned approximately 0.08% of Dakota Gold worth $542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of 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 purchasing an additional 14,617 shares in the last quarter. Goldman Sachs Group Inc. increased 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 worth $557,000 after purchasing an additional 8,249 shares during the last quarter. Jane Street Group LLC raised its stake in Dakota Gold by 14.9% during the first quarter. Jane Street Group LLC now owns 58,867 shares of the company’s stock valued at $156,000 after purchasing an additional 7,626 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Dakota Gold during the first quarter valued at $87,000. Finally, Rhumbline Advisers lifted its position in Dakota Gold by 96.7% during the second quarter. Rhumbline Advisers now owns 230,909 shares of the company’s stock valued at $852,000 after purchasing an additional 113,493 shares during the last quarter. 37.41% of the stock is currently owned by institutional investors.

Dakota Gold Stock Down 2.1%

DC stock opened at $6.17 on Friday. Dakota Gold Corp. has a twelve month low of $3.79 and a twelve month high of $7.25. The stock has a market capitalization of $827.85 million, a price-to-earnings ratio of -15.05 and a beta of 1.19. The firm’s fifty day simple moving average is $4.90 and its two-hundred day simple moving average is $5.40.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DC shares. Canadian Imperial Bank of Commerce initiated coverage on shares of Dakota Gold in a research note on Tuesday, May 5th. They issued an “outperform” rating and a $11.00 price objective for the company. Canaccord Genuity Group upped their target price on shares of Dakota Gold from $16.00 to $18.00 and gave the company a “speculative buy” rating in a research report on Tuesday, May 26th. Finally, HC Wainwright increased their price target on shares of Dakota Gold from $10.50 to $10.75 and gave the company a “buy” rating in a report on Thursday, July 16th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.44.

Insider Activity

In other news, Director Todd J. Kenner purchased 17,921 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was purchased at an average cost of $5.60 per share, with a total value of $100,357.60. Following the purchase, the director owned 17,921 shares in the company, valued at approximately $100,357.60. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company 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.