HC Wainwright Predicts Stronger Earnings for Dakota Gold

Key Points

• HC Wainwright raised Dakota Gold’s FY2026 EPS estimate to a loss of $0.28 per share from its previous estimate of a $0.30 loss, maintaining a “Buy” rating.
• Canaccord Genuity increased its price target to $18 from $16 and assigned a “speculative buy” rating; analysts’ consensus rating is “Moderate Buy,” with an average target price of $12.44.
• Institutional ownership stands at 37.41%, with BlackRock, Donald Smith & Co., and other investors recently establishing or expanding positions in Dakota Gold.

Dakota Gold Corp. (NYSE:DC - Free Report) - Equities research analysts at HC Wainwright upped their FY2026 earnings per share estimates for Dakota Gold in a report released on Friday, September 11th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of ($0.28) for the year, up from their prior estimate of ($0.30). HC Wainwright currently has a "Buy" rating on the stock.

Separately, Canaccord Genuity Group boosted their target price 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, May 26th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.44.

Dakota Gold Stock Up 0.3%

DC opened at $5.83 on Tuesday. Dakota Gold has a twelve month low of $3.79 and a twelve month high of $7.25. The company has a 50-day simple moving average of $5.39 and a 200 day simple moving average of $5.40. The stock has a market capitalization of $782.23 million, a price-to-earnings ratio of -14.22 and a beta of 1.23.

Hedge Funds Weigh In On Dakota Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Dakota Gold during the 2nd quarter valued at $37,299,000. Donald Smith & CO. Inc. bought a new position in Dakota Gold in the second quarter valued at about $4,601,000. Groupe la Francaise boosted its stake in shares of Dakota Gold by 154.5% during the first quarter. Groupe la Francaise now owns 1,400,000 shares of the company's stock valued at $7,041,000 after purchasing an additional 850,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Dakota Gold during the second quarter worth about $2,821,000. Finally, Amundi increased its stake in shares of Dakota Gold by 43.3% in the first quarter. Amundi now owns 2,150,000 shares of the company's stock valued at $10,858,000 after buying an additional 650,000 shares during the period. Institutional investors own 37.41% of the company's stock.

About Dakota Gold

Dakota Gold Corp. NYSE: DC is a mineral exploration and development company focused on discovering and advancing gold deposits in the historic Homestake District of South Dakota. The company's activities include geological mapping, drilling, sampling, resource evaluation and other exploration work rather than commercial gold production.

Dakota Gold controls a substantial land position in the Homestake District, an area with a long history of gold mining near Lead, South Dakota. Its exploration portfolio includes projects such as Richmond Hill and Maitland, where the company is evaluating the potential for large-scale gold mineralization and developing targets for further drilling.

The Homestake District was historically one of the most important gold-producing regions in the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.