Dakota Gold (NYSE:DC) Price Target Raised to $7.50

Dakota Gold (NYSE:DC) had its price target hoisted by BMO Capital Markets from $6.00 to $7.50 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Dakota Gold Trading Down 6.0 %

NYSE:DC opened at $3.14 on Monday. The firm has a market capitalization of $296.51 million, a PE ratio of -7.66 and a beta of 1.10. The stock has a 50 day moving average of $2.32 and a 200-day moving average of $2.27. Dakota Gold has a 52 week low of $1.84 and a 52 week high of $3.35.

Insider Activity

In other Dakota Gold news, CEO Robert Quartermain acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was acquired at an average cost of $2.21 per share, with a total value of $44,200.00. Following the acquisition, the chief executive officer now directly owns 7,617,877 shares of the company’s stock, valued at $16,835,508.17. This represents a 0.26 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders purchased 59,490 shares of company stock valued at $129,543. 26.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dakota Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its holdings in Dakota Gold by 15.3% in the 2nd quarter. Renaissance Technologies LLC now owns 44,500 shares of the company’s stock worth $113,000 after buying an additional 5,900 shares in the last quarter. SeaCrest Wealth Management LLC grew its holdings in Dakota Gold by 50.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 19,711 shares of the company’s stock worth $47,000 after buying an additional 6,600 shares in the last quarter. SG Americas Securities LLC grew its holdings in Dakota Gold by 48.3% in the 4th quarter. SG Americas Securities LLC now owns 34,469 shares of the company’s stock worth $76,000 after buying an additional 11,229 shares in the last quarter. Geode Capital Management LLC grew its holdings in Dakota Gold by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,473,599 shares of the company’s stock worth $3,243,000 after buying an additional 15,046 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Dakota Gold by 8.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 194,745 shares of the company’s stock worth $428,000 after buying an additional 15,081 shares in the last quarter. 37.41% of the stock is owned by institutional investors.

About Dakota Gold

Dakota Gold Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. It primarily explores for gold deposits. The company holds 100% interest in the Blind Gold, City Creek, Tinton, West Corridor, Ragged Top, Poorman Anticline, Maitland, South Lead/ Whistler Gulch, the Barrick Option, Richmond Hill and Homestake Paleoplacer Properties located in Homestake Mining District, South Dakota.