Key Points
- Dakota Gold director Todd Kenner bought 17,921 shares on May 28 at an average price of $5.60, totaling about $100,358. The filing shows he now owns 17,921 shares.
- The stock was trading up 2.5% and opened at $5.76, with a market cap of about $771.4 million. It has traded between $3.04 and $7.25 over the past year.
- Wall Street sentiment remains positive, with five Buy ratings and one Hold rating; analysts’ average target price is $11.70, well above the current price.
Dakota Gold Corp. (NYSE:DC - Get Free Report) Director Todd Kenner purchased 17,921 shares of the business's stock in a transaction dated Thursday, May 28th. The shares were purchased at an average price of $5.60 per share, for a total transaction of $100,357.60. Following the purchase, the director owned 17,921 shares of the company's stock, valued at approximately $100,357.60. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
Dakota Gold Trading Up 2.5%
Shares of Dakota Gold stock opened at $5.76 on Friday. The firm has a market cap of $771.43 million, a P/E ratio of -14.05 and a beta of 1.14. Dakota Gold Corp. has a 12 month low of $3.04 and a 12 month high of $7.25. The stock's fifty day moving average price is $5.47 and its 200-day moving average price is $5.62.
Hedge Funds Weigh In On Dakota Gold
Several institutional investors and hedge funds have recently added to or reduced their stakes in DC. BNP Paribas Financial Markets grew its stake in Dakota Gold by 120.5% in the second 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 last quarter. Steward Partners Investment Advisory LLC grew its stake in Dakota Gold by 105.8% in the fourth 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 last quarter. GSA Capital Partners LLP purchased a new position in Dakota Gold in the third quarter valued at about $46,000. Financial Engines Advisors L.L.C. purchased a new position in Dakota Gold in the third quarter valued at about $46,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in Dakota Gold in the third quarter valued at about $46,000. Hedge funds and other institutional investors own 37.41% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on DC shares. HC Wainwright restated 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 Dakota Gold from $16.00 to $18.00 and gave the company a "speculative buy" rating in a research note on Tuesday. Scotiabank started coverage on shares of Dakota Gold in a report on Monday, February 23rd. They set a "sector outperform" rating and a $10.00 price objective on the stock. Finally, Canadian Imperial Bank of Commerce started coverage on shares of Dakota Gold in a report on Tuesday, May 5th. They set an "outperform" rating and a $11.00 price objective on the stock. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Dakota Gold has an average rating of "Moderate Buy" and an average target price of $11.70.
Check Out Our Latest Stock Report on Dakota Gold
Dakota Gold Company Profile
(
Get Free Report)
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.
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