Dakota Gold (NYSE:DC) Stock Keeps “Buy” Rating at HC Wainwright

Dakota Gold (NYSE:DC)‘s stock had its “buy” rating restated by investment analysts at HC Wainwright in a report released on Wednesday, Benzinga reports. They presently have a $10.75 target price on the stock. HC Wainwright’s price objective would suggest a potential upside of 82.36% from the company’s current price.

Dakota Gold Stock Performance

NYSE DC traded down $0.03 during mid-day trading on Wednesday, reaching $5.90. 634,567 shares of the stock were exchanged, compared to its average volume of 1,566,817. Dakota Gold has a 1-year low of $3.79 and a 1-year high of $7.25. The stock has a market capitalization of $790.95 million, a PE ratio of -14.38 and a beta of 1.23. The business’s fifty day simple moving average is $5.90 and its 200 day simple moving average is $5.39.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Hickory Point Bank & Trust bought a new stake in shares of Dakota Gold in the 3rd quarter valued at approximately $30,000. Sequoia Financial Advisors LLC purchased a new stake in Dakota Gold during the second quarter valued at about $91,000. IFP Advisors Inc boosted its position in Dakota Gold by 36.5% during the 2nd quarter. IFP Advisors Inc now owns 6,872 shares of the company’s stock worth $29,000 after acquiring an additional 1,838 shares during the period. Squarepoint Ops LLC increased its stake in shares of Dakota Gold by 14.7% in the second quarter. Squarepoint Ops LLC now owns 107,865 shares of the company’s stock worth $460,000 after acquiring an additional 13,789 shares during the last quarter. Finally, Corient Private Wealth LP bought a new stake in Dakota Gold in the second quarter worth approximately $117,000. 37.41% of the stock is owned by institutional investors and hedge funds.

Dakota Gold Company Profile

Dakota Gold Corp. is a mineral exploration and development company focused on discovering gold deposits in the historic Homestake District of South Dakota. The company’s activities include geological mapping, drilling, resource evaluation and other exploration work aimed at advancing its mineral properties toward potential development.

Dakota Gold’s principal assets are located in the northern Black Hills near the historic Homestake gold mine, one of the most significant gold-producing districts in the United States.