Vestcor Inc Reduces Holdings in Dakota Gold Corp. $DC

Vestcor Inc reduced its holdings in shares of Dakota Gold Corp. (NYSE:DC) by 66.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,230 shares of the company’s stock after selling 355,800 shares during the quarter. Vestcor Inc owned approximately 0.16% of Dakota Gold worth $1,024,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Tudor Investment Corp ET AL acquired a new stake in shares of Dakota Gold during the 3rd quarter worth about $2,224,000. Euro Pacific Asset Management LLC boosted its stake in shares of Dakota Gold by 14.0% during the 4th quarter. Euro Pacific Asset Management LLC now owns 3,051,484 shares of the company’s stock worth $17,243,000 after purchasing an additional 374,404 shares during the last quarter. Fiscal Wisdom Wealth Management LLC acquired a new stake in shares of Dakota Gold during the 3rd quarter worth about $3,659,000. Knoll Capital Management LLC acquired a new stake in shares of Dakota Gold during the 3rd quarter worth about $559,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Dakota Gold during the 3rd quarter worth about $540,000. 37.41% of the stock is owned by institutional investors and hedge funds.

Dakota Gold Stock Performance

DC opened at $5.05 on Tuesday. The company’s 50 day simple moving average is $5.58 and its 200 day simple moving average is $5.69. Dakota Gold Corp. has a 1 year low of $3.60 and a 1 year high of $7.25. The stock has a market capitalization of $676.34 million, a PE ratio of -12.32 and a beta of 1.14.

Insider Activity at Dakota Gold

In related news, Director Todd J. Kenner bought 17,921 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average cost of $5.60 per share, with a total value of $100,357.60. Following the completion of the transaction, the director owned 17,921 shares of the company’s stock, valued at approximately $100,357.60. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jennifer S. Grafton sold 15,511 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $5.56, for a total transaction 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DC. 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. HC Wainwright reaffirmed a “buy” rating and set a $10.50 price target on shares of Dakota Gold in a research note on Wednesday, April 22nd. Canaccord Genuity Group raised 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, May 26th. Finally, 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. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dakota Gold currently has a consensus rating of “Moderate Buy” and an average target price of $11.70.

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.