Algert Global LLC Boosts Stock Holdings in Dakota Gold Corp. $DC

Key Points

• Algert Global more than doubled its Dakota Gold stake in the second quarter, adding 615,058 shares to own 1,137,899 shares valued at approximately $4.85 million, or 0.85% of the company.
• Institutional ownership remains significant, with hedge funds and other institutional investors holding 37.41% of Dakota Gold after several firms initiated or increased positions.
• Analyst sentiment is positive: four analysts rate the stock a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average price target of $12.44, versus a recent price of $6.24.

Algert Global LLC increased its stake in Dakota Gold Corp. (NYSE:DC - Free Report) by 117.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,137,899 shares of the company's stock after acquiring an additional 615,058 shares during the period. Algert Global LLC owned approximately 0.85% of Dakota Gold worth $4,847,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in Dakota Gold in the 2nd quarter valued at about $29,000. BNP Paribas Financial Markets increased its stake in shares of Dakota Gold by 120.5% during the second quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company's stock worth $31,000 after buying an additional 4,541 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Dakota Gold by 105.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,203 shares of the company's stock valued at $41,000 after acquiring an additional 3,703 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Dakota Gold in the third quarter worth approximately $46,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in Dakota Gold in the third quarter worth approximately $46,000. 37.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DC has been the subject of several recent analyst reports. Canadian Imperial Bank of Commerce assumed coverage on shares of Dakota Gold in a research report on Tuesday, May 5th. They set an "outperform" rating and a $11.00 price objective for the company. Canaccord Genuity Group increased their target price on Dakota Gold from $16.00 to $18.00 and gave the company a "speculative buy" rating in a report on Tuesday, May 26th. Finally, HC Wainwright raised their price target on Dakota Gold from $10.50 to $10.75 and gave the company a "buy" rating in a research note on Thursday, July 16th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $12.44.

Dakota Gold Price Performance

Shares of NYSE:DC opened at $6.24 on Friday. Dakota Gold Corp. has a 12 month low of $3.79 and a 12 month high of $7.25. The firm has a market capitalization of $837.24 million, a P/E ratio of -15.22 and a beta of 1.19. The company's fifty day moving average price is $5.01 and its 200 day moving average price is $5.40.

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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