Dakota Gold (NYSE:DC) Now Covered by BMO Capital Markets

Stock analysts at BMO Capital Markets started coverage on shares of Dakota Gold (NYSE:DC) in a note issued to investors on Friday, Briefing.com reports. The brokerage set an “outperform” rating and a $6.00 price target on the stock. BMO Capital Markets’ target price points to a potential upside of 157.51% from the stock’s previous close.

Dakota Gold Trading Up 8.9 %

Shares of NYSE DC opened at $2.33 on Friday. The firm has a market cap of $205.03 million, a PE ratio of -5.30 and a beta of 1.11. Dakota Gold has a 1-year low of $1.84 and a 1-year high of $3.25. The company has a fifty day moving average price of $2.28 and a 200 day moving average price of $2.42.

Dakota Gold (NYSE:DC) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.10) EPS for the quarter.

Insider Transactions at Dakota Gold

In other Dakota Gold news, insider James Mccoy Berry acquired 20,000 shares of Dakota Gold stock in a transaction dated Friday, June 21st. The stock was bought at an average cost of $2.48 per share, for a total transaction of $49,600.00. Following the purchase, the insider now directly owns 273,752 shares in the company, valued at approximately $678,904.96. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider James Mccoy Berry bought 20,000 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were bought at an average cost of $2.48 per share, with a total value of $49,600.00. Following the acquisition, the insider now owns 273,752 shares in the company, valued at $678,904.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Patrick Shay Malone sold 27,000 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $2.45, for a total transaction of $66,150.00. Following the completion of the sale, the chief accounting officer now directly owns 228,846 shares in the company, valued at $560,672.70. The disclosure for this sale can be found here. Company insiders own 26.02% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its holdings in Dakota Gold by 28.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,562 shares of the company’s stock valued at $37,000 after acquiring an additional 3,437 shares during the period. Renaissance Technologies LLC raised its holdings in Dakota Gold by 15.3% in the 2nd quarter. Renaissance Technologies LLC now owns 44,500 shares of the company’s stock valued at $113,000 after acquiring an additional 5,900 shares during the period. Rhumbline Advisers increased its holdings in shares of Dakota Gold by 17.3% during the second quarter. Rhumbline Advisers now owns 80,867 shares of the company’s stock worth $206,000 after purchasing an additional 11,926 shares during the period. Fourth Sail Capital LP increased its holdings in shares of Dakota Gold by 0.3% during the second quarter. Fourth Sail Capital LP now owns 4,635,503 shares of the company’s stock worth $11,542,000 after purchasing an additional 13,657 shares during the period. Finally, Corundum Trust Company INC bought a new position in shares of Dakota Gold during the second quarter worth approximately $38,000. 37.41% of the stock is owned by institutional investors.

Dakota Gold Company Profile

Dakota Gold Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. It primarily explores for gold deposits. The company holds 100% interest in the Blind Gold, City Creek, Tinton, West Corridor, Ragged Top, Poorman Anticline, Maitland, South Lead/ Whistler Gulch, the Barrick Option, Richmond Hill and Homestake Paleoplacer Properties located in Homestake Mining District, South Dakota.