Dakota Gold (NYSE:DC) Now Covered by BMO Capital Markets

BMO Capital Markets initiated coverage on shares of Dakota Gold (NYSE:DC) in a research note published on Friday, Marketbeat reports. The brokerage issued an outperform rating and a $6.00 target price on the stock.

Dakota Gold Trading Down 3.3 %

Shares of DC stock opened at $2.23 on Friday. Dakota Gold has a 12-month low of $1.84 and a 12-month high of $3.25. The stock has a market capitalization of $208.39 million, a P/E ratio of -5.06 and a beta of 1.11. The firm’s 50 day moving average is $2.27 and its 200 day moving average is $2.43.

Dakota Gold (NYSE:DC) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.10) earnings per share (EPS) for the quarter.

Insider Buying and Selling at Dakota Gold

In other Dakota Gold news, CAO Patrick Shay Malone sold 27,000 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $2.45, for a total transaction of $66,150.00. Following the completion of the sale, the chief accounting officer now directly owns 228,846 shares of the company’s stock, valued at $560,672.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider James Mccoy Berry acquired 20,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were purchased at an average price of $2.48 per share, with a total value of $49,600.00. Following the completion of the purchase, the insider now directly owns 273,752 shares of the company’s stock, valued at $678,904.96. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Patrick Shay Malone sold 27,000 shares of Dakota Gold stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $2.45, for a total value of $66,150.00. Following the transaction, the chief accounting officer now directly owns 228,846 shares in the company, valued at $560,672.70. The disclosure for this sale can be found here. Corporate insiders own 26.02% of the company’s stock.

Institutional Investors Weigh In On Dakota Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DC. Price T Rowe Associates Inc. MD boosted its position in shares of Dakota Gold by 28.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,562 shares of the company’s stock worth $37,000 after purchasing an additional 3,437 shares during the period. Renaissance Technologies LLC increased its stake 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. Rhumbline Advisers increased its stake in Dakota Gold by 17.3% in the 2nd quarter. Rhumbline Advisers now owns 80,867 shares of the company’s stock worth $206,000 after buying an additional 11,926 shares in the last quarter. Fourth Sail Capital LP raised its holdings in Dakota Gold by 0.3% during the second quarter. Fourth Sail Capital LP now owns 4,635,503 shares of the company’s stock valued at $11,542,000 after acquiring an additional 13,657 shares during the period. Finally, Corundum Trust Company INC purchased a new position in shares of Dakota Gold in the second quarter valued at about $38,000. Institutional investors own 37.41% of the company’s stock.

Dakota Gold Company Profile

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.