Dakota Gold Corp. $DC Shares Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank AG significantly increased its stake in Dakota Gold Corp. by 4,316.3% in Q1, owning approximately 70,263 shares valued at $186,000.
• Multiple institutional investors, including Bridgeway Capital Management and Price T Rowe Associates, have also adjusted their stakes in Dakota Gold during recent quarters.
• Analysts have set a consensus target price of $10.50 for Dakota Gold, reflecting a generally positive outlook on the company.

Deutsche Bank AG raised its holdings in Dakota Gold Corp. (NYSE:DC - Free Report) by 4,316.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,263 shares of the company's stock after purchasing an additional 68,672 shares during the period. Deutsche Bank AG owned about 0.07% of Dakota Gold worth $186,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC increased its stake in shares of Dakota Gold by 54.5% in the fourth quarter. ProShare Advisors LLC now owns 19,735 shares of the company's stock worth $43,000 after buying an additional 6,965 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Dakota Gold by 29.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 28,317 shares of the company's stock worth $63,000 after purchasing an additional 6,416 shares during the last quarter. Two Sigma Advisers LP bought a new stake in shares of Dakota Gold in the 4th quarter worth about $64,000. Millennium Management LLC raised its stake in shares of Dakota Gold by 87.4% in the 4th quarter. Millennium Management LLC now owns 31,717 shares of the company's stock valued at $70,000 after purchasing an additional 14,790 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Dakota Gold by 43.0% in the 4th quarter. MetLife Investment Management LLC now owns 37,921 shares of the company's stock valued at $83,000 after purchasing an additional 11,405 shares in the last quarter. 37.41% of the stock is currently owned by hedge funds and other institutional investors.

Dakota Gold Stock Performance

Shares of Dakota Gold stock traded up $0.25 on Wednesday, reaching $4.58. 1,313,751 shares of the company were exchanged, compared to its average volume of 575,228. The firm has a market cap of $513.97 million, a price-to-earnings ratio of -11.16 and a beta of 1.13. Dakota Gold Corp. has a 1-year low of $2.05 and a 1-year high of $4.63. The company's 50-day moving average is $3.99 and its two-hundred day moving average is $3.38.

Analyst Ratings Changes

A number of research firms recently commented on DC. BMO Capital Markets reiterated an "outperform" rating and issued a $9.00 price target (up 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, Based on data from MarketBeat.com, Dakota Gold presently has an average 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.