Dakota Gold Corp. $DC Shares Purchased by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC boosted its holdings in Dakota Gold Corp. (NYSE:DC) by 14.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,051,484 shares of the company’s stock after buying an additional 374,404 shares during the period. Dakota Gold makes up about 0.1% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 18th largest position. Euro Pacific Asset Management LLC owned 2.69% of Dakota Gold worth $17,243,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Dakota Gold by 0.9% in the third quarter. Vanguard Group Inc. now owns 4,814,323 shares of the company’s stock worth $21,905,000 after acquiring an additional 41,992 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Dakota Gold by 10.9% during the 3rd quarter. Franklin Resources Inc. now owns 2,795,077 shares of the company’s stock valued at $12,718,000 after acquiring an additional 275,077 shares in the last quarter. Geode Capital Management LLC boosted its position in Dakota Gold by 20.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,850,272 shares of the company’s stock worth $6,829,000 after purchasing an additional 316,043 shares during the period. Amundi boosted its position in Dakota Gold by 46.3% during the 3rd quarter. Amundi now owns 1,500,000 shares of the company’s stock worth $6,900,000 after purchasing an additional 475,000 shares during the period. Finally, Marshall Wace LLP increased its holdings in Dakota Gold by 41.7% in the 3rd quarter. Marshall Wace LLP now owns 1,474,488 shares of the company’s stock valued at $6,709,000 after purchasing an additional 434,054 shares in the last quarter. 37.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Shawn Campbell sold 21,207 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $7.02, for a total transaction of $148,873.14. Following the completion of the sale, the chief financial officer directly owned 231,526 shares in the company, valued at $1,625,312.52. This trade represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP James Mccoy Berry sold 12,388 shares of Dakota Gold stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $7.02, for a total value of $86,963.76. Following the sale, the vice president directly owned 371,748 shares in the company, valued at approximately $2,609,670.96. The trade was a 3.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 338,595 shares of company stock valued at $2,302,337 in the last quarter. Company insiders own 17.40% of the company’s stock.

Dakota Gold Trading Up 2.2%

NYSE DC opened at $4.66 on Tuesday. The stock has a market cap of $622.19 million, a P/E ratio of -11.37 and a beta of 1.03. The company’s fifty day simple moving average is $5.94 and its 200-day simple moving average is $5.30. Dakota Gold Corp. has a 52 week low of $2.40 and a 52 week high of $7.25.

Analysts Set New Price Targets

DC has been the topic of several research reports. HC Wainwright raised their price objective on Dakota Gold from $9.75 to $10.50 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Scotiabank began coverage on Dakota Gold in a research report on Monday, February 23rd. They issued a “sector outperform” rating and a $10.00 target price for the company. Finally, Zacks Research upgraded Dakota Gold to a “hold” rating in a research note on Tuesday, January 6th. Three 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $10.38.

Dakota Gold 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.