Dakota Gold Corp. (NYSE:DC) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Dakota Gold Corp. (NYSE:DC) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $11.70.

A number of research analysts have commented on DC shares. Canadian Imperial Bank of Commerce started coverage on Dakota Gold in a report on Tuesday, May 5th. They set an “outperform” rating and a $11.00 target price on the stock. Canaccord Genuity Group increased their target price on Dakota Gold from $16.00 to $18.00 and gave the stock a “speculative buy” rating in a report on Tuesday, May 26th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $10.50 target price on shares of Dakota Gold in a report on Wednesday, April 22nd.

Dakota Gold Stock Performance

Shares of DC opened at $4.24 on Friday. The company has a market capitalization of $567.85 million, a P/E ratio of -10.34 and a beta of 1.14. Dakota Gold has a one year low of $3.60 and a one year high of $7.25. The stock has a 50-day moving average price of $5.42 and a 200 day moving average price of $5.69.

Insider Buying and Selling

In other Dakota Gold news, Director Jennifer S. Grafton sold 15,511 shares of the 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 transaction, 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 transaction was disclosed in a filing with the SEC, 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 bought 17,921 shares of Dakota Gold stock in a transaction on Thursday, May 28th. The shares were 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 $100,357.60. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 8.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Dakota Gold by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,814,323 shares of the company’s stock worth $21,905,000 after buying an additional 41,992 shares during the last quarter. Euro Pacific Asset Management LLC raised its position in shares of Dakota Gold by 15.8% during the 1st quarter. Euro Pacific Asset Management LLC now owns 3,534,049 shares of the company’s stock worth $18,103,000 after purchasing an additional 482,565 shares during the period. Franklin Resources Inc. raised its position in shares of Dakota Gold by 5.7% during the 4th quarter. Franklin Resources Inc. now owns 2,955,377 shares of the company’s stock worth $16,787,000 after purchasing an additional 160,300 shares during the period. Amundi raised its position in shares of Dakota Gold by 43.3% during the 1st quarter. Amundi now owns 2,150,000 shares of the company’s stock worth $10,858,000 after purchasing an additional 650,000 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Dakota Gold by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 2,004,657 shares of the company’s stock worth $11,389,000 after purchasing an additional 84,031 shares during the period. Institutional investors own 37.41% 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.