Anson Funds Management LP Makes New Investment in Dakota Gold Corp. $DC

Key Points

• Anson Funds Management LP has acquired a new stake in Dakota Gold Corp. valued at approximately $464,000, purchasing 175,000 shares during the first quarter.
• Several large investors have increased their stakes in Dakota Gold, with institutional investors now owning 37.41% of the company's stock.
• Brokerage firm BMO Capital Markets upgraded Dakota Gold's price target to $9.00, while Canaccord Genuity set a target price of $12.00.

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

Other hedge funds also recently added to or reduced their stakes in the company. Vestcor Inc raised its position in Dakota Gold by 36.5% in the first quarter. Vestcor Inc now owns 1,511,695 shares of the company's stock worth $4,006,000 after acquiring an additional 404,065 shares in the last quarter. Trek Financial LLC boosted its position in Dakota Gold by 853.7% during the first quarter. Trek Financial LLC now owns 1,225,045 shares of the company's stock worth $3,246,000 after purchasing an additional 1,096,590 shares during the period. Donald Smith & CO. Inc. lifted its holdings in shares of Dakota Gold by 254.1% during the first quarter. Donald Smith & CO. Inc. now owns 1,080,000 shares of the company's stock worth $2,862,000 after buying an additional 775,000 shares during the last quarter. Amundi acquired a new stake in Dakota Gold during the first quarter valued at approximately $2,696,000. Finally, Northern Trust Corp raised its stake in Dakota Gold by 3.8% during the fourth quarter. Northern Trust Corp now owns 573,540 shares of the company's stock worth $1,262,000 after acquiring an additional 20,979 shares in the last quarter. 37.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Dakota Gold Trading Down 7.0%

Shares of NYSE:DC traded down $0.35 during trading on Tuesday, reaching $4.56. The company had a trading volume of 953,208 shares, compared to its average volume of 620,486. The company has a fifty day moving average of $4.14 and a two-hundred day moving average of $3.47. Dakota Gold Corp. has a 12 month low of $2.05 and a 12 month high of $5.15. The stock has a market capitalization of $511.73 million, a P/E ratio of -11.11 and a beta of 1.13.

About Dakota Gold

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.