Edmond DE Rothschild Holding S.A. Invests $1.10 Million in Dakota Gold Corp. $DC

Key Points

• Edmond de Rothschild Holding acquired 258,526 Dakota Gold shares worth approximately $1.10 million, giving it a 0.19% stake.
• Several institutions increased their positions, including Royal Bank of Canada, Renaissance Technologies, Amundi, and Groupe La Française; institutional investors collectively own 37.41% of the company.
• Analysts maintain a favorable outlook, with four Buy ratings and one Hold, a “Moderate Buy” consensus, and an average price target of $12.44 versus the stock’s $6.17 opening price.

Edmond DE Rothschild Holding S.A. purchased a new position in Dakota Gold Corp. (NYSE:DC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 258,526 shares of the company's stock, valued at approximately $1,101,000. Edmond DE Rothschild Holding S.A. owned 0.19% of Dakota Gold at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DC. Royal Bank of Canada boosted its position in Dakota Gold by 704.6% during the first quarter. Royal Bank of Canada now owns 574,105 shares of the company's stock worth $2,899,000 after purchasing an additional 502,754 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Dakota Gold by 142.1% in the first quarter. Renaissance Technologies LLC now owns 601,889 shares of the company's stock valued at $3,040,000 after buying an additional 353,289 shares in the last quarter. Euro Pacific Asset Management LLC increased its position in shares of Dakota Gold by 15.8% in the first quarter. Euro Pacific Asset Management LLC now owns 3,534,049 shares of the company's stock valued at $18,103,000 after buying an additional 482,565 shares in the last quarter. Amundi raised its stake in shares of Dakota Gold by 43.3% during the 1st quarter. Amundi now owns 2,150,000 shares of the company's stock worth $10,858,000 after buying an additional 650,000 shares during the last quarter. Finally, Groupe la Francaise raised its stake in shares of Dakota Gold by 154.5% during the 1st quarter. Groupe la Francaise now owns 1,400,000 shares of the company's stock worth $7,041,000 after buying an additional 850,000 shares during the last quarter. 37.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DC shares. HC Wainwright increased their price objective on shares of Dakota Gold from $10.50 to $10.75 and gave the company a "buy" rating in a research note on Thursday, July 16th. Canaccord Genuity Group lifted their target price on shares of Dakota Gold from $16.00 to $18.00 and gave the stock a "speculative buy" rating in a research report on Tuesday, May 26th. Finally, Canadian Imperial Bank of Commerce began coverage on shares of Dakota Gold in a report on Tuesday, May 5th. They issued an "outperform" rating and a $11.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.44.

Dakota Gold Stock Performance

Dakota Gold stock opened at $6.17 on Friday. The stock has a fifty day moving average of $4.90 and a two-hundred day moving average of $5.40. The company has a market capitalization of $827.85 million, a price-to-earnings ratio of -15.05 and a beta of 1.19. Dakota Gold Corp. has a fifty-two week low of $3.79 and a fifty-two week high of $7.25.

Insider Activity

In related news, Director Todd J. Kenner acquired 17,921 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average price of $5.60 per share, with a total value of $100,357.60. Following the completion of the purchase, the director directly owned 17,921 shares in the company, valued at approximately $100,357.60. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.50% of the stock is owned by corporate insiders.

Dakota Gold Profile

Dakota Gold Corp NYSE: DC is a mineral exploration and development company focused on advancing gold projects within the United States. The company’s primary asset is the historic Homestake District in South Dakota’s Black Hills, where it seeks to redevelop gold-bearing tailings and low‐grade ore volumes for open‐pit heap leach processing. Dakota Gold pursues a staged approach, combining exploration, resource delineation and economic studies to unlock value from legacy mine materials.

The firm’s flagship property comprises sealed tailings impoundments and adjacent low‐grade stockpiles left over from the Homestake Gold Mine, which operated from 1876 until 2002.

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