Dakota Gold Corp. (NYSE:DC) Shares Purchased by Donald Smith & CO. Inc.

Key Points

• Donald Smith & CO. Inc. increased its stake in Dakota Gold Corp. by 254.1%, acquiring an additional 775,000 shares during the first quarter, bringing its total ownership to 1,080,000 shares valued at $2,862,000.
• Other institutional investors, including JPMorgan Chase & Co. and Renaissance Technologies LLC, have also significantly increased their holdings in Dakota Gold recently.
• Dakota Gold's stock has a 52-week range between $1.87 and $4.47, with a current share price of $4.08.

Donald Smith & CO. Inc. lifted its stake in shares of Dakota Gold Corp. (NYSE:DC - Free Report) by 254.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,080,000 shares of the company's stock after purchasing an additional 775,000 shares during the period. Donald Smith & CO. Inc. owned about 1.09% of Dakota Gold worth $2,862,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Dakota Gold by 109.2% during the fourth quarter. JPMorgan Chase & Co. now owns 261,602 shares of the company's stock worth $576,000 after acquiring an additional 136,565 shares during the period. Geode Capital Management LLC raised its stake in Dakota Gold by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,473,599 shares of the company's stock worth $3,243,000 after acquiring an additional 15,046 shares during the period. Wells Fargo & Company MN raised its stake in Dakota Gold by 28.0% during the fourth quarter. Wells Fargo & Company MN now owns 51,129 shares of the company's stock worth $112,000 after acquiring an additional 11,185 shares during the period. Renaissance Technologies LLC raised its stake in Dakota Gold by 566.8% during the fourth quarter. Renaissance Technologies LLC now owns 556,107 shares of the company's stock worth $1,223,000 after acquiring an additional 472,707 shares during the period. Finally, Barclays PLC raised its stake in Dakota Gold by 16.1% during the fourth quarter. Barclays PLC now owns 108,709 shares of the company's stock worth $239,000 after acquiring an additional 15,042 shares during the period. Institutional investors own 37.41% of the company's stock.

Dakota Gold Price Performance

Shares of NYSE DC traded down $0.02 during mid-day trading on Wednesday, reaching $4.08. 34,929 shares of the company traded hands, compared to its average volume of 569,674. Dakota Gold Corp. has a fifty-two week low of $1.93 and a fifty-two week high of $4.47. The firm has a market cap of $458.07 million, a PE ratio of -9.95 and a beta of 1.12. The stock has a fifty day simple moving average of $3.93 and a 200-day simple moving average of $3.23.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Canaccord Genuity Group set a $12.00 price target on shares of Dakota Gold in a research note 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.

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.