Dakota Gold Corp. $DC Stake Raised by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC lifted its holdings in shares of Dakota Gold Corp. (NYSE:DC) by 15.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,534,049 shares of the company’s stock after buying an additional 482,565 shares during the period. Dakota Gold makes up about 1.7% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 18th largest holding. Euro Pacific Asset Management LLC’s holdings in Dakota Gold were worth $18,103,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in Dakota Gold by 87.7% during the 1st quarter. AQR Capital Management LLC now owns 31,293 shares of the company’s stock valued at $83,000 after acquiring an additional 14,617 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Dakota Gold by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 210,091 shares of the company’s stock worth $557,000 after purchasing an additional 8,249 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Dakota Gold by 14.9% during the first quarter. Jane Street Group LLC now owns 58,867 shares of the company’s stock valued at $156,000 after purchasing an additional 7,626 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Dakota Gold during the first quarter valued at about $87,000. Finally, Rhumbline Advisers lifted its holdings in Dakota Gold by 96.7% in the second quarter. Rhumbline Advisers now owns 230,909 shares of the company’s stock worth $852,000 after purchasing an additional 113,493 shares during the period. 37.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce began coverage on shares of Dakota Gold in a research report on Tuesday, May 5th. They issued an “outperform” rating and a $11.00 target price for the company. HC Wainwright upped their price target on shares of Dakota Gold from $10.50 to $10.75 and gave the stock a “buy” rating in a research note on Thursday. Finally, Canaccord Genuity Group upped their price target on shares of Dakota Gold from $16.00 to $18.00 and gave the stock a “speculative buy” rating in a research note on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Dakota Gold currently has a consensus rating of “Moderate Buy” and an average price target of $12.44.

Insider Buying and Selling

In other news, Director Jennifer S. Grafton sold 15,511 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.56, for a total transaction of $86,241.16. Following the completion of the sale, the director owned 144,560 shares in the company, valued at approximately $803,753.60. This represents a 9.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Todd J. Kenner acquired 17,921 shares of Dakota Gold stock in a transaction dated Thursday, May 28th. The shares were bought at an average cost of $5.60 per share, with a total value of $100,357.60. Following the completion of the purchase, the director owned 17,921 shares in the company, valued at approximately $100,357.60. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 8.50% of the company’s stock.

Dakota Gold Price Performance

Shares of DC opened at $4.17 on Friday. The firm’s 50 day moving average is $5.00 and its 200-day moving average is $5.54. Dakota Gold Corp. has a 12-month low of $3.60 and a 12-month high of $7.25. The stock has a market capitalization of $558.48 million, a P/E ratio of -10.17 and a beta of 1.20.

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.