Dakota Gold Corp. (NYSE:DC – Free Report) – Stock analysts at HC Wainwright raised their FY2026 earnings estimates for shares of Dakota Gold in a report issued on Friday, September 11th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of ($0.28) per share for the year, up from their previous forecast of ($0.30). HC Wainwright currently has a “Buy” rating on the stock.
Separately, Canaccord Genuity Group upped their target price on Dakota Gold from $16.00 to $18.00 and gave the stock a “speculative buy” rating in a research report on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $12.44.
Dakota Gold Stock Up 0.3%
Shares of NYSE DC opened at $5.83 on Tuesday. The company’s fifty day simple moving average is $5.39 and its 200 day simple moving average is $5.40. Dakota Gold has a 12-month low of $3.79 and a 12-month high of $7.25. The firm has a market cap of $782.23 million, a PE ratio of -14.22 and a beta of 1.23.
Hedge Funds Weigh In On Dakota Gold
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC purchased a new position in Dakota Gold in the second quarter valued at approximately $91,000. IFP Advisors Inc lifted its position in shares of Dakota Gold by 36.5% during the 2nd quarter. IFP Advisors Inc now owns 6,872 shares of the company’s stock valued at $29,000 after buying an additional 1,838 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of Dakota Gold by 14.7% during the 2nd quarter. Squarepoint Ops LLC now owns 107,865 shares of the company’s stock worth $460,000 after acquiring an additional 13,789 shares during the period. Corient Private Wealth LP purchased a new stake in Dakota Gold in the 2nd quarter worth about $117,000. Finally, Amundi raised its stake in Dakota Gold by 3.5% in the 2nd quarter. Amundi now owns 2,225,000 shares of the company’s stock valued at $9,478,000 after acquiring an additional 75,000 shares during the period. 37.41% of the stock is owned by hedge funds and other institutional investors.
About Dakota Gold
Dakota Gold Corp. (NYSE:DC) is a mineral exploration and development company focused on discovering and advancing gold deposits in the historic Homestake District of South Dakota. The company’s activities include geological mapping, drilling, sampling, resource evaluation and other exploration work rather than commercial gold production.
Dakota Gold controls a substantial land position in the Homestake District, an area with a long history of gold mining near Lead, South Dakota. Its exploration portfolio includes projects such as Richmond Hill and Maitland, where the company is evaluating the potential for large-scale gold mineralization and developing targets for further drilling.
The Homestake District was historically one of the most important gold-producing regions in the United States.
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