Anson Funds Management LP Takes $464,000 Position 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 bought a new stake in shares of Dakota Gold Corp. (NYSE:DC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its position 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 valued at $63,000 after purchasing an additional 6,416 shares during the period. ProShare Advisors LLC increased its position in shares of Dakota Gold by 54.5% during the 4th quarter. ProShare Advisors LLC now owns 19,735 shares of the company's stock valued at $43,000 after purchasing an additional 6,965 shares during the last quarter. Jane Street Group LLC raised its holdings in Dakota Gold by 14.9% during the 1st quarter. Jane Street Group LLC now owns 58,867 shares of the company's stock valued at $156,000 after buying an additional 7,626 shares during the period. Goldman Sachs Group Inc. lifted its position in Dakota Gold by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 210,091 shares of the company's stock worth $557,000 after buying an additional 8,249 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Dakota Gold by 6.6% during the first quarter. Bank of New York Mellon Corp now owns 152,109 shares of the company's stock worth $403,000 after buying an additional 9,396 shares during the period. Institutional investors own 37.41% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on DC. BMO Capital Markets reissued 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 target price on Dakota Gold in a research report on Tuesday, June 3rd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Dakota Gold currently has a consensus rating of "Buy" and a consensus price target of $10.50.

Dakota Gold Trading Up 0.9%

Shares of NYSE:DC opened at $4.57 on Thursday. Dakota Gold Corp. has a twelve month low of $2.05 and a twelve month high of $5.15. The company's 50 day moving average is $4.08 and its 200 day moving average is $3.43. The company has a market cap of $513.41 million, a PE ratio of -11.15 and a beta of 1.13.

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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