Two Sigma Investments LP Acquires 90,483 Shares of Dakota Gold Corp. (NYSE:DC)

Two Sigma Investments LP boosted its holdings in shares of Dakota Gold Corp. (NYSE:DC - Free Report) by 348.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,429 shares of the company's stock after purchasing an additional 90,483 shares during the period. Two Sigma Investments LP owned about 0.12% of Dakota Gold worth $256,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Renaissance Technologies LLC raised its holdings in shares of Dakota Gold by 566.8% during the 4th quarter. Renaissance Technologies LLC now owns 556,107 shares of the company's stock worth $1,223,000 after buying an additional 472,707 shares in the last quarter. Marshall Wace LLP raised its stake in Dakota Gold by 165.2% during the fourth quarter. Marshall Wace LLP now owns 310,916 shares of the company's stock worth $684,000 after acquiring an additional 193,689 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Dakota Gold by 109.2% in 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 last quarter. Trek Financial LLC acquired a new stake in shares of Dakota Gold in the 4th quarter valued at approximately $283,000. Finally, Vestcor Inc grew its holdings in shares of Dakota Gold by 7.6% during the 4th quarter. Vestcor Inc now owns 1,107,630 shares of the company's stock valued at $2,437,000 after purchasing an additional 78,135 shares during the last quarter. Institutional investors and hedge funds own 37.41% of the company's stock.

Dakota Gold Price Performance

DC stock traded up $0.12 during midday trading on Thursday, reaching $3.92. 287,075 shares of the stock were exchanged, compared to its average volume of 378,521. Dakota Gold Corp. has a 52 week low of $1.84 and a 52 week high of $4.00. The company has a fifty day moving average price of $2.96 and a 200 day moving average price of $2.70. The stock has a market capitalization of $389.95 million, a PE ratio of -9.56 and a beta of 1.05.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group set a $12.00 price objective on shares of Dakota Gold in a research note on Tuesday, June 3rd.

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.