Dakota Gold Corp. (NYSE:DC - Get Free Report)'s stock price was up 6.5% during mid-day trading on Tuesday . The stock traded as high as $4.65 and last traded at $4.90. Approximately 507,277 shares traded hands during trading, a decline of 24% from the average daily volume of 663,783 shares. The stock had previously closed at $4.60.
Analyst Ratings Changes
Separately, BMO Capital Markets restated an "outperform" rating and set a $9.00 price objective (up previously from $7.50) on shares of Dakota Gold in a report on Thursday, July 10th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $10.50.
View Our Latest Report on DC
Dakota Gold Price Performance
The company has a market cap of $537.57 million, a PE ratio of -11.67 and a beta of 1.15. The company has a 50-day moving average price of $4.29 and a two-hundred day moving average price of $3.64.
Institutional Investors Weigh In On Dakota Gold
Several hedge funds and other institutional investors have recently bought and sold shares of DC. Nisa Investment Advisors LLC boosted its stake in shares of Dakota Gold by 109.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 7,070 shares of the company's stock valued at $26,000 after buying an additional 3,700 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Dakota Gold by 120.5% in the second quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company's stock valued at $31,000 after acquiring an additional 4,541 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in Dakota Gold by 130.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,788 shares of the company's stock valued at $32,000 after acquiring an additional 4,978 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Dakota Gold during the 2nd quarter worth $59,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Dakota Gold in the 2nd quarter worth about $64,000. 37.41% of the stock is currently owned by hedge funds and other institutional investors.
About Dakota Gold
(
Get Free Report)
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.
Further Reading
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