8,755,572 Shares in Dakota Gold Corp. $DC Purchased by BlackRock Inc.

Key Points

• BlackRock acquired 8,755,572 shares of Dakota Gold during the second quarter, worth approximately $37.3 million and representing about 6.54% of the company.
• Institutional investors own 37.41% of Dakota Gold, while the stock recently traded at $5.81, down 4.4%, with a 52-week range of $3.79 to $7.25.
• Analysts remain broadly positive, with four Buy ratings and one Hold rating; the stock has a consensus “Moderate Buy” rating and an average price target of $12.44.

BlackRock Inc. bought a new stake in Dakota Gold Corp. (NYSE:DC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,755,572 shares of the company's stock, valued at approximately $37,299,000. BlackRock Inc. owned about 6.54% of Dakota Gold as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of DC. Brookstone Capital Management boosted its position in Dakota Gold by 19.5% during the 1st quarter. Brookstone Capital Management now owns 15,950 shares of the company's stock worth $81,000 after acquiring an additional 2,600 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Dakota Gold by 2.6% in the fourth quarter. LPL Financial LLC now owns 128,407 shares of the company's stock valued at $729,000 after purchasing an additional 3,224 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Dakota Gold by 4.9% in the fourth quarter. AQR Capital Management LLC now owns 75,001 shares of the company's stock valued at $426,000 after purchasing an additional 3,498 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Dakota Gold by 105.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,203 shares of the company's stock worth $41,000 after purchasing an additional 3,703 shares in the last quarter. Finally, 55 North Private Wealth LLC lifted its position in shares of Dakota Gold by 27.6% in the second quarter. 55 North Private Wealth LLC now owns 17,638 shares of the company's stock worth $75,000 after purchasing an additional 3,812 shares in the last quarter. Institutional investors own 37.41% of the company's stock.

Dakota Gold Stock Down 4.4%

DC opened at $5.81 on Wednesday. Dakota Gold Corp. has a twelve month low of $3.79 and a twelve month high of $7.25. The company has a fifty day moving average of $5.09 and a 200-day moving average of $5.40. The stock has a market cap of $779.55 million, a PE ratio of -14.17 and a beta of 1.19.

Wall Street Analyst Weigh In

Several research analysts recently commented on DC shares. Canadian Imperial Bank of Commerce assumed coverage on shares of Dakota Gold in a report on Tuesday, May 5th. They set an "outperform" rating and a $11.00 target price for the company. Canaccord Genuity Group boosted their price target on shares of Dakota Gold from $16.00 to $18.00 and gave the stock a "speculative buy" rating in a research report on Tuesday, May 26th. Finally, HC Wainwright boosted their price objective on shares of Dakota Gold from $10.50 to $10.75 and gave the company a "buy" rating in a report on Thursday, July 16th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.44.

Dakota Gold Profile

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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