Euro Pacific Asset Management LLC Has $8.59 Million Stock Position in Dakota Gold Corp. $DC

Key Points

• Euro Pacific Asset Management LLC increased its stake in Dakota Gold Corp. by 15.6%, owning 2,318,912 shares valued at approximately $8.59 million.
• The stock price of Dakota Gold has declined by 1.3%, currently trading at $4.49, with a market cap of $504.42 million.
• BMO Capital Markets upgraded its target price for Dakota Gold shares to $9.00, indicating an 'outperform' rating amidst a generally favorable consensus of 'Buy' from analysts.

Euro Pacific Asset Management LLC increased its holdings in shares of Dakota Gold Corp. (NYSE:DC - Free Report) by 15.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,318,912 shares of the company's stock after purchasing an additional 313,162 shares during the quarter. Dakota Gold makes up about 1.4% of Euro Pacific Asset Management LLC's investment portfolio, making the stock its 24th biggest holding. Euro Pacific Asset Management LLC owned 2.33% of Dakota Gold worth $8,585,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DC. Bank of America Corp DE lifted its stake in Dakota Gold by 54.7% in the 4th quarter. Bank of America Corp DE now owns 55,912 shares of the company's stock valued at $123,000 after purchasing an additional 19,760 shares during the last quarter. Millennium Management LLC grew its position in shares of Dakota Gold by 87.4% during the 4th quarter. Millennium Management LLC now owns 31,717 shares of the company's stock worth $70,000 after purchasing an additional 14,790 shares in the last quarter. Two Sigma Investments LP increased its stake in Dakota Gold by 348.7% during the 4th quarter. Two Sigma Investments LP now owns 116,429 shares of the company's stock worth $256,000 after acquiring an additional 90,483 shares during the period. Two Sigma Advisers LP acquired a new position in Dakota Gold in the fourth quarter valued at about $64,000. Finally, Squarepoint Ops LLC boosted its position in shares of Dakota Gold by 122.1% during the 4th quarter. Squarepoint Ops LLC now owns 116,128 shares of the company's stock worth $255,000 after acquiring an additional 63,830 shares in the last quarter. Institutional investors own 37.41% of the company's stock.

Dakota Gold Stock Down 1.3%

Shares of DC opened at $4.49 on Monday. The business's fifty day moving average is $4.27 and its 200 day moving average is $3.62. The stock has a market cap of $504.42 million, a P/E ratio of -10.95 and a beta of 1.15. Dakota Gold Corp. has a 12-month low of $2.05 and a 12-month high of $5.15.

Analyst Ratings Changes

Separately, BMO Capital Markets reiterated an "outperform" rating and issued a $9.00 target price (up previously from $7.50) on shares of Dakota Gold in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Dakota Gold currently has an average rating of "Buy" and a consensus price target of $10.50.

Dakota Gold 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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