Todd Kenner Acquires 17,921 Shares of Dakota Gold (NYSE:DC) Stock

Dakota Gold Corp. (NYSE:DC) Director Todd Kenner acquired 17,921 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average cost of $5.60 per share, for a total transaction of $100,357.60. Following the transaction, the director owned 17,921 shares of the company’s stock, valued at approximately $100,357.60. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Dakota Gold Price Performance

DC traded up $0.14 during midday trading on Friday, hitting $5.76. 1,278,382 shares of the company’s stock traded hands, compared to its average volume of 1,602,861. Dakota Gold Corp. has a one year low of $3.04 and a one year high of $7.25. The company has a market cap of $771.43 million, a PE ratio of -14.05 and a beta of 1.14. The stock’s fifty day simple moving average is $5.45 and its 200-day simple moving average is $5.62.

Hedge Funds Weigh In On Dakota Gold

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its position in Dakota Gold by 120.5% during the second quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company’s stock worth $31,000 after acquiring an additional 4,541 shares during the period. Steward Partners Investment Advisory LLC increased its position 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 worth $41,000 after acquiring an additional 3,703 shares during the period. GSA Capital Partners LLP bought a new position in Dakota Gold during the third quarter worth $46,000. Financial Engines Advisors L.L.C. bought a new position in Dakota Gold during the third quarter worth $46,000. Finally, Sherbrooke Park Advisers LLC bought a new position in Dakota Gold during the third quarter worth $46,000. Institutional investors own 37.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DC. Canaccord Genuity Group lifted their price target on shares of Dakota Gold from $16.00 to $18.00 and gave the company a “speculative buy” rating in a research report on Tuesday. Scotiabank began coverage on shares of Dakota Gold in a research report on Monday, February 23rd. They issued a “sector outperform” rating and a $10.00 price target 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 price target on the stock. Finally, HC Wainwright reissued a “buy” rating and issued a $10.50 price target on shares of Dakota Gold in a research report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Dakota Gold has an average rating of “Moderate Buy” and a consensus target price of $11.70.

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.