175,000 Shares in Dakota Gold Corp. $DC Acquired by Anson Funds Management LP

Key Points

• Anson Funds Management LP acquired 175,000 shares of Dakota Gold Corp., valued at approximately $464,000, representing about 0.18% of the company's total shares as per its recent SEC filing.
• Due to recent transactions, Dakota Gold has seen a significant increase in institutional investment, with hedge funds and other institutional investors now owning 37.41% of the company.
• Equities research analysts have a positive outlook on Dakota Gold, with an average rating of "Buy" and a consensus target price of $10.50.

Anson Funds Management LP bought a new position in shares of Dakota Gold Corp. (NYSE:DC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 175,000 shares of the company's stock, valued at approximately $464,000. Anson Funds Management LP owned about 0.18% of Dakota Gold as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DC. ProShare Advisors LLC lifted its stake in Dakota Gold by 54.5% during the fourth quarter. ProShare Advisors LLC now owns 19,735 shares of the company's stock worth $43,000 after purchasing an additional 6,965 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Dakota Gold during the first quarter worth approximately $52,000. Price T Rowe Associates Inc. MD lifted its stake in Dakota Gold by 29.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,317 shares of the company's stock worth $63,000 after purchasing an additional 6,416 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in Dakota Gold during the fourth quarter worth approximately $64,000. Finally, Millennium Management LLC lifted its stake in Dakota Gold by 87.4% in the fourth quarter. Millennium Management LLC now owns 31,717 shares of the company's stock valued at $70,000 after buying an additional 14,790 shares during the last quarter. Hedge funds and other institutional investors own 37.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DC shares. BMO Capital Markets reiterated an "outperform" rating and issued a $9.00 price objective (up previously from $7.50) on shares of Dakota Gold in a research note on Thursday, July 10th. Canaccord Genuity Group set a $12.00 price objective on Dakota Gold in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Dakota Gold has an average rating of "Buy" and a consensus target price of $10.50.

Dakota Gold Trading Up 3.6%

NYSE:DC opened at $4.05 on Friday. The firm has a market cap of $454.99 million, a P/E ratio of -9.88 and a beta of 1.12. The stock's 50 day simple moving average is $3.95 and its 200-day simple moving average is $3.32. Dakota Gold Corp. has a 12-month low of $2.05 and a 12-month high of $4.47.

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.

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