HC Wainwright Issues Positive Forecast for Dakota Gold (NYSE:DC) Stock Price

Dakota Gold (NYSE:DC) had its target price hoisted by HC Wainwright from $9.75 to $10.50 in a research note issued to investors on Wednesday morning,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on the stock. Scotiabank began coverage on shares of Dakota Gold in a report on Monday, February 23rd. They issued a “sector outperform” rating and a $10.00 price target on the stock. Zacks Research raised Dakota Gold to a “hold” rating in a report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.38.

Dakota Gold Stock Performance

NYSE DC opened at $4.97 on Wednesday. Dakota Gold has a twelve month low of $2.40 and a twelve month high of $7.25. The stock has a market cap of $577.31 million, a PE ratio of -12.12 and a beta of 1.03. The firm has a 50-day simple moving average of $6.18 and a 200 day simple moving average of $5.29.

Insider Buying and Selling at Dakota Gold

In other news, CFO Shawn Campbell sold 21,207 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $7.02, for a total transaction of $148,873.14. Following the transaction, the chief financial officer directly owned 231,526 shares in the company, valued at approximately $1,625,312.52. This represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP James Mccoy Berry sold 12,388 shares of Dakota Gold stock in a transaction on Friday, February 27th. The shares were sold at an average price of $7.02, for a total value of $86,963.76. Following the completion of the sale, the vice president directly owned 371,748 shares of the company’s stock, valued at $2,609,670.96. This trade represents a 3.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 338,595 shares of company stock worth $2,302,337. 26.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Dakota Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted 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 acquiring an additional 4,541 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Dakota Gold by 130.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,788 shares of the company’s stock worth $32,000 after acquiring an additional 4,978 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Dakota Gold by 105.8% during 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 period. GSA Capital Partners LLP acquired a new position in Dakota Gold during the third quarter valued at approximately $46,000. Finally, Financial Engines Advisors L.L.C. bought a new stake in Dakota Gold in the third quarter valued at approximately $46,000. 37.41% of the stock is owned by institutional investors.

Dakota Gold Company Profile

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.