Nuveen LLC Acquires New Holdings in Dakota Gold Corp. $DC

Key Points

• Nuveen LLC has acquired 278,462 shares of Dakota Gold Corp., valued at approximately $738,000, representing a 0.28% stake in the company.
• Multiple institutional investors, including ProShare Advisors LLC and Millennium Management LLC, have increased their stakes in Dakota Gold significantly during the fourth quarter.
• Analysts have set a price target for Dakota Gold shares, with Canaccord Genuity Group projecting a target of $12.00 and BMO Capital Markets raising its target to $9.00, with a consensus rating of "Buy."

Nuveen LLC acquired a new stake in shares of Dakota Gold Corp. (NYSE:DC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 278,462 shares of the company's stock, valued at approximately $738,000. Nuveen LLC owned 0.28% of Dakota Gold as of its most recent SEC filing.

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

Dakota Gold Price Performance

NYSE:DC opened at $4.34 on Wednesday. The firm has a market capitalization of $487.01 million, a price-to-earnings ratio of -10.57 and a beta of 1.13. The company's 50-day moving average is $3.99 and its two-hundred day moving average is $3.38. Dakota Gold Corp. has a 1-year low of $2.05 and a 1-year high of $4.47.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Canaccord Genuity Group set a $12.00 target price on shares of Dakota Gold in a research note on Tuesday, June 3rd. BMO Capital Markets restated an "outperform" rating and issued a $9.00 target price (up from $7.50) on shares of Dakota Gold in a research note on Thursday, July 10th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target 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.

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