Dakota Gold Corp. (NYSE:DC) Receives Average Recommendation of “Moderate Buy” from Analysts

Dakota Gold Corp. (NYSE:DC) has been given an average rating of “Moderate Buy” by the six research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $11.70.

Several analysts recently commented on DC shares. HC Wainwright reaffirmed a “buy” rating and set a $10.50 price objective on shares of Dakota Gold in a research note on Wednesday, April 22nd. Canadian Imperial Bank of Commerce started coverage on Dakota Gold in a research note on Tuesday, May 5th. They set an “outperform” rating and a $11.00 price objective on the stock. Scotiabank started coverage on Dakota Gold in a research note on Monday, February 23rd. They set a “sector outperform” rating and a $10.00 price objective on the stock. Finally, Canaccord Genuity Group raised their price objective on Dakota Gold from $16.00 to $18.00 and gave the stock a “speculative buy” rating in a research note on Tuesday, May 26th.

Insider Buying and Selling at Dakota Gold

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

Institutional Trading of Dakota Gold

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its stake in shares of Dakota Gold by 120.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company’s stock valued at $31,000 after purchasing an additional 4,541 shares during the period. Steward Partners Investment Advisory LLC raised 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 purchasing an additional 3,703 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Dakota Gold in the 3rd quarter valued at about $46,000. Financial Engines Advisors L.L.C. acquired a new stake in shares of Dakota Gold in the 3rd quarter valued at about $46,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of Dakota Gold in the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 37.41% of the company’s stock.

Dakota Gold Stock Performance

Shares of Dakota Gold stock opened at $4.93 on Friday. The company has a market capitalization of $660.27 million, a PE ratio of -12.02 and a beta of 1.14. Dakota Gold has a 12 month low of $3.60 and a 12 month high of $7.25. The stock’s fifty day simple moving average is $5.55 and its 200 day simple moving average is $5.72.

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.