Donald Smith & CO. Inc. acquired a new stake in Dakota Gold Corp. (NYSE:DC - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,080,000 shares of the company's stock, valued at approximately $4,601,000. Donald Smith & CO. Inc. owned about 0.81% of Dakota Gold at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Dakota Gold during the second quarter worth $37,299,000. Groupe la Francaise increased its stake in shares of Dakota Gold by 154.5% in the 1st 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 during the last quarter. Amundi increased its stake in shares of Dakota Gold by 43.3% in the 1st quarter. Amundi now owns 2,150,000 shares of the company's stock valued at $10,858,000 after purchasing an additional 650,000 shares during the last quarter. Global Strategic Management Inc. acquired a new position in shares of Dakota Gold during the 4th quarter worth $3,094,000. Finally, Royal Bank of Canada raised its holdings in shares of Dakota Gold by 704.6% during the 1st quarter. Royal Bank of Canada now owns 574,105 shares of the company's stock worth $2,899,000 after buying an additional 502,754 shares in the last quarter. 37.41% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Dakota Gold
In other news, Director Todd J. Kenner purchased 17,921 shares of the company's stock in a transaction dated Thursday, May 28th. The stock was bought at an average cost of $5.60 per share, for a total transaction of $100,357.60. Following the purchase, the director owned 17,921 shares of the company's stock, valued at approximately $100,357.60. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.50% of the company's stock.
Dakota Gold Price Performance
Shares of Dakota Gold stock opened at $6.15 on Friday. The company's 50 day moving average price is $4.92 and its two-hundred day moving average price is $5.40. The firm has a market capitalization of $825.16 million, a P/E ratio of -15.00 and a beta of 1.19. Dakota Gold Corp. has a fifty-two week low of $3.79 and a fifty-two week high of $7.25.
Wall Street Analyst Weigh In
Several analysts recently weighed in on DC shares. HC Wainwright raised their price objective on Dakota Gold from $10.50 to $10.75 and gave the company a "buy" rating in a research note on Thursday, July 16th. Canaccord Genuity Group lifted their target price on Dakota Gold from $16.00 to $18.00 and gave the company a "speculative buy" rating in a research report on Tuesday, May 26th. Finally, Canadian Imperial Bank of Commerce began coverage on Dakota Gold in a research note on Tuesday, May 5th. They set an "outperform" rating and a $11.00 target price for the company. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $12.44.
Read Our Latest Stock Analysis on Dakota Gold
About Dakota Gold
(
Free Report)
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.
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