Bank of America Corp DE Buys 19,760 Shares of Dakota Gold Corp. (NYSE:DC)

Bank of America Corp DE boosted its position in Dakota Gold Corp. (NYSE:DC) by 54.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,912 shares of the company’s stock after acquiring an additional 19,760 shares during the period. Bank of America Corp DE owned 0.06% of Dakota Gold worth $123,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DC. Price T Rowe Associates Inc. MD lifted its position in Dakota Gold by 29.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 28,317 shares of the company’s stock valued at $63,000 after acquiring an additional 6,416 shares during the period. Intech Investment Management LLC lifted its holdings in Dakota Gold by 200.7% during the fourth quarter. Intech Investment Management LLC now owns 30,369 shares of the company’s stock valued at $67,000 after purchasing an additional 20,270 shares in the last quarter. Symmetry Partners LLC purchased a new position in shares of Dakota Gold in the fourth quarter worth $82,000. MetLife Investment Management LLC lifted its holdings in shares of Dakota Gold by 43.0% in the fourth quarter. MetLife Investment Management LLC now owns 37,921 shares of the company’s stock worth $83,000 after buying an additional 11,405 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Dakota Gold by 28.0% during the fourth quarter. Wells Fargo & Company MN now owns 51,129 shares of the company’s stock valued at $112,000 after purchasing an additional 11,185 shares in the last quarter. Institutional investors own 37.41% of the company’s stock.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group set a $12.00 price target on shares of Dakota Gold in a research note on Tuesday, June 3rd.

Dakota Gold Trading Up 2.3%

Shares of DC opened at $4.03 on Tuesday. Dakota Gold Corp. has a twelve month low of $1.84 and a twelve month high of $4.11. The company has a market cap of $400.89 million, a P/E ratio of -9.83 and a beta of 1.05. The company’s fifty day simple moving average is $3.05 and its 200-day simple moving average is $2.75.

Dakota Gold 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.