Amundi Acquires Shares of 1,025,000 Dakota Gold Corp. $DC

Key Points

• Amundi acquired a new stake in Dakota Gold Corp. by purchasing 1,025,000 shares, making its total ownership approximately 1.03% of the company's stock.
• Several institutional investors increased their stakes in Dakota Gold during the fourth quarter, with Two Sigma Investments LP leading with a 348.7% increase.
• Research analysts have set a consensus rating of "Buy" for Dakota Gold, with target prices ranging from $9.00 to $12.00.

Amundi acquired a new stake in shares of Dakota Gold Corp. (NYSE:DC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,025,000 shares of the company's stock, valued at approximately $2,696,000. Amundi owned 1.03% of Dakota Gold as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Anson Funds Management LP bought a new position in Dakota Gold in the first quarter worth approximately $464,000. Walleye Capital LLC purchased a new position in Dakota Gold during the first quarter valued at $144,000. EntryPoint Capital LLC purchased a new position in Dakota Gold during the first quarter valued at $52,000. American Century Companies Inc. purchased a new position in Dakota Gold during the first quarter valued at $169,000. Finally, Nuveen LLC bought a new position in Dakota Gold during the first quarter valued at $738,000. Institutional investors own 37.41% of the company's stock.

Dakota Gold Stock Up 1.9%

Shares of Dakota Gold stock traded up $0.09 on Monday, reaching $4.90. The stock had a trading volume of 1,245,811 shares, compared to its average volume of 618,880. The stock has a market capitalization of $550.49 million, a P/E ratio of -11.95 and a beta of 1.13. Dakota Gold Corp. has a 1 year low of $2.05 and a 1 year high of $5.15. The company has a 50 day moving average price of $4.12 and a 200 day moving average price of $3.46.

Analysts Set New Price Targets

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

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.