Tudor Investment Corp ET AL Invests $2.22 Million in Dakota Gold Corp. $DC

Key Points

• Tudor Investment Corp ET AL opened a new position in Dakota Gold (NYSE:DC) in Q3, acquiring 488,874 shares valued at about $2.22 million and representing roughly 0.43% of the company; overall institutional investors own about 37.41% of the stock.
• Analysts are generally bullish: HC Wainwright raised its target to $10.50 (buy), Scotiabank initiated with a sector outperform call, and the consensus rating is a Moderate Buy with an average price target of $10.38, well above the recent ~$5.41 share price.
• Company insiders have been net sellers recently, disposing of 338,595 shares (~$2.3 million) over the last 90 days, though insiders still hold about 17.40% of the stock.

Tudor Investment Corp ET AL acquired a new position in shares of Dakota Gold Corp. (NYSE:DC - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 488,874 shares of the company's stock, valued at approximately $2,224,000. Tudor Investment Corp ET AL owned approximately 0.43% of Dakota Gold at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in Dakota Gold by 120.5% in the second quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company's stock worth $31,000 after buying an additional 4,541 shares in the last quarter. Financial Engines Advisors L.L.C. purchased a new stake in Dakota Gold in the third quarter worth approximately $46,000. Sherbrooke Park Advisers LLC purchased a new stake in Dakota Gold in the third quarter worth approximately $46,000. GSA Capital Partners LLP purchased a new stake in Dakota Gold in the third quarter worth approximately $46,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Dakota Gold in the third quarter worth approximately $46,000. Hedge funds and other institutional investors own 37.41% of the company's stock.

Dakota Gold Stock Performance

NYSE:DC opened at $5.41 on Friday. The firm has a market cap of $721.66 million, a PE ratio of -13.18 and a beta of 1.20. Dakota Gold Corp. has a fifty-two week low of $2.62 and a fifty-two week high of $7.25. The business has a 50 day moving average price of $5.70 and a 200-day moving average price of $5.33.

Analyst Ratings Changes

Several analysts have issued reports on the company. HC Wainwright upped their target price on Dakota Gold from $9.75 to $10.50 and gave the stock a "buy" rating in a research note on Wednesday, March 18th. Zacks Research raised Dakota Gold to a "hold" rating in a research note on Tuesday, January 6th. Finally, Scotiabank initiated coverage on Dakota Gold in a research note on Monday, February 23rd. They set a "sector outperform" rating and a $10.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Dakota Gold currently has an average rating of "Moderate Buy" and a consensus price target of $10.38.

Insider Activity

In other news, VP James Mccoy Berry sold 12,388 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $7.02, for a total transaction of $86,963.76. Following the completion of the sale, the vice president owned 371,748 shares of the company's stock, valued at approximately $2,609,670.96. This represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Shawn Campbell sold 21,207 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $7.02, for a total value of $148,873.14. Following the sale, the chief financial officer directly owned 231,526 shares of the company's stock, valued at approximately $1,625,312.52. This trade represents a 8.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 338,595 shares of company stock valued at $2,302,337. 17.40% of the stock is currently owned by company insiders.

Dakota Gold Company 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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