Connor Clark & Lunn Investment Management Ltd. Buys 155,985 Shares of Dakota Gold Corp. $DC

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Dakota Gold Corp. (NYSE:DC - Free Report) by 87.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 334,087 shares of the company's stock after purchasing an additional 155,985 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.34% of Dakota Gold worth $885,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Deutsche Bank AG raised its position in shares of Dakota Gold by 4,316.3% during the first quarter. Deutsche Bank AG now owns 70,263 shares of the company's stock worth $186,000 after purchasing an additional 68,672 shares during the period. Vestcor Inc raised its position in shares of Dakota Gold by 36.5% during the first quarter. Vestcor Inc now owns 1,511,695 shares of the company's stock worth $4,006,000 after purchasing an additional 404,065 shares during the period. XTX Topco Ltd acquired a new stake in shares of Dakota Gold during the first quarter worth about $132,000. Trek Financial LLC raised its position in shares of 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. Finally, Bank of New York Mellon Corp raised its position in shares of 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 purchasing an additional 9,396 shares during the period. Institutional investors and hedge funds own 37.41% of the company's stock.

Dakota Gold Stock Up 4.0%

Shares of NYSE:DC traded up $0.1550 during mid-day trading on Friday, reaching $4.0650. 115,764 shares of the stock were exchanged, compared to its average volume of 564,810. The company has a market cap of $456.68 million, a P/E ratio of -9.91 and a beta of 1.12. Dakota Gold Corp. has a one year low of $2.05 and a one year high of $4.47. The stock's 50 day simple moving average is $3.95 and its 200-day simple moving average is $3.30.

Wall Street Analysts Forecast Growth

DC has been the topic of a number of research analyst reports. Canaccord Genuity Group set a $12.00 price target on Dakota Gold in a research report on Tuesday, June 3rd. BMO Capital Markets reaffirmed an "outperform" rating and set a $9.00 price target (up previously from $7.50) on shares of Dakota Gold in a research report on Thursday, July 10th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $10.50.

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.