Quantbot Technologies LP Acquires New Stake in Dakota Gold Corp. $DC

Quantbot Technologies LP bought a new position in Dakota Gold Corp. (NYSE:DC) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 118,695 shares of the company’s stock, valued at approximately $540,000. Quantbot Technologies LP owned about 0.11% of Dakota Gold as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. BNP Paribas Financial Markets increased its position in shares of Dakota Gold by 120.5% in the second quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company’s stock worth $31,000 after purchasing an additional 4,541 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Dakota Gold by 130.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,788 shares of the company’s stock worth $32,000 after buying an additional 4,978 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Dakota Gold during the 3rd quarter valued at $46,000. Los Angeles Capital Management LLC purchased a new position in Dakota Gold in the second quarter worth $59,000. Finally, Avantax Planning Partners Inc. bought a new position in Dakota Gold in the third quarter valued at $62,000. Institutional investors own 37.41% of the company’s stock.

Insider Buying and Selling

In other Dakota Gold news, CEO Robert Quartermain sold 250,000 shares of the firm’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $6.88, for a total value of $1,720,000.00. Following the sale, the chief executive officer owned 7,493,244 shares of the company’s stock, valued at $51,553,518.72. This trade represents a 3.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shawn Campbell sold 55,000 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $6.30, for a total transaction of $346,500.00. Following the completion of the transaction, the chief financial officer owned 179,491 shares in the company, valued at $1,130,793.30. The trade was a 23.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 338,595 shares of company stock valued at $2,302,337 over the last three months. 17.40% of the stock is owned by company insiders.

Dakota Gold Stock Performance

Shares of DC stock opened at $6.10 on Monday. The company has a market capitalization of $708.57 million, a P/E ratio of -14.88 and a beta of 1.03. Dakota Gold Corp. has a fifty-two week low of $2.40 and a fifty-two week high of $7.25. The stock has a 50 day moving average price of $6.17 and a two-hundred day moving average price of $5.20.

Analyst Ratings Changes

DC has been the subject of several research analyst reports. HC Wainwright began coverage on Dakota Gold in a research note on Monday, January 5th. They set a “buy” rating and a $9.75 price target for the company. Zacks Research upgraded Dakota Gold to a “hold” rating in a research report on Tuesday, January 6th. Finally, Scotiabank began coverage on Dakota Gold in a research note on Monday, February 23rd. They issued a “sector outperform” rating and a $10.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $10.19.

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.