Rhumbline Advisers Has $311,000 Stock Holdings in Dakota Gold Corp. $DC

Rhumbline Advisers boosted its holdings in shares of Dakota Gold Corp. (NYSE:DC) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,416 shares of the company’s stock after purchasing an additional 3,543 shares during the period. Rhumbline Advisers owned about 0.12% of Dakota Gold worth $311,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DC. Trek Financial LLC lifted its stake in Dakota Gold by 853.7% during the first quarter. Trek Financial LLC now owns 1,225,045 shares of the company’s stock worth $3,246,000 after purchasing an additional 1,096,590 shares during the period. Amundi bought a new position in Dakota Gold during the first quarter worth about $2,696,000. Donald Smith & CO. Inc. lifted its stake in Dakota Gold by 254.1% during the first quarter. Donald Smith & CO. Inc. now owns 1,080,000 shares of the company’s stock worth $2,862,000 after purchasing an additional 775,000 shares during the period. Vestcor Inc lifted its stake in Dakota Gold by 36.5% during the first quarter. Vestcor Inc now owns 1,511,695 shares of the company’s stock worth $4,006,000 after purchasing an additional 404,065 shares during the period. Finally, Nuveen LLC bought a new position in Dakota Gold during the first quarter worth about $738,000. Institutional investors own 37.41% of the company’s stock.

Dakota Gold Trading Down 2.5%

NYSE:DC opened at $4.59 on Thursday. Dakota Gold Corp. has a 1 year low of $2.05 and a 1 year high of $5.15. The firm has a 50 day moving average of $4.21 and a 200-day moving average of $3.54. The stock has a market capitalization of $515.66 million, a P/E ratio of -11.20 and a beta of 1.13.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DC shares. BMO Capital Markets restated an “outperform” rating and set a $9.00 price target (up previously from $7.50) on shares of Dakota Gold in a research note on Thursday, July 10th. Canaccord Genuity Group set a $12.00 price target on shares of Dakota Gold in a research note on Tuesday, June 3rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Dakota Gold currently has an average rating of “Buy” and an average price target of $10.50.

About Dakota Gold

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.