Dakota Gold (NYSE:DC) Upgraded at Zacks Research

Zacks Research upgraded shares of Dakota Gold (NYSE:DC) to a hold rating in a report released on Tuesday morning,Zacks.com reports.

Separately, HC Wainwright began coverage on shares of Dakota Gold in a research report on Monday. They set a “buy” rating and a $9.75 price objective on the stock. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.25.

Dakota Gold Trading Up 1.2%

NYSE:DC opened at $5.82 on Tuesday. The stock has a 50-day moving average price of $5.01 and a 200 day moving average price of $4.52. The stock has a market capitalization of $659.18 million, a P/E ratio of -14.20 and a beta of 1.08. Dakota Gold has a 12-month low of $2.21 and a 12-month high of $6.25.

Insiders Place Their Bets

In other Dakota Gold news, Director Stephen T. O’rourke sold 50,000 shares of Dakota Gold stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $4.66, for a total value of $233,000.00. Following the sale, the director owned 918,199 shares of the company’s stock, valued at $4,278,807.34. The trade was a 5.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 17.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Dakota Gold by 0.9% during the third quarter. Vanguard Group Inc. now owns 4,814,323 shares of the company’s stock valued at $21,905,000 after purchasing an additional 41,992 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Dakota Gold by 10.9% in the 3rd quarter. Franklin Resources Inc. now owns 2,795,077 shares of the company’s stock worth $12,718,000 after buying an additional 275,077 shares in the last quarter. Euro Pacific Asset Management LLC increased its holdings in shares of Dakota Gold by 15.4% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 2,677,080 shares of the company’s stock worth $12,171,000 after buying an additional 358,168 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Dakota Gold by 20.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,850,272 shares of the company’s stock valued at $6,829,000 after buying an additional 316,043 shares in the last quarter. Finally, Amundi raised its position in shares of Dakota Gold by 46.3% during the 3rd quarter. Amundi now owns 1,500,000 shares of the company’s stock valued at $6,900,000 after buying an additional 475,000 shares in the last quarter. 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 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.