Vestcor Inc Raises Stock Position in Dakota Gold Corp. (NYSE:DC)

Key Points

• Vestcor Inc has raised its stake in Dakota Gold Corp. by 36.5%, now owning 1.52% of the company, worth approximately $4 million.
• Various institutional investors have also increased their holdings in Dakota Gold, with Two Sigma Investments leading with a 348.7% increase in its position.
• Analysts have set optimistic price targets for Dakota Gold, with BMO Capital Markets increasing its target to $9.00, indicating potential growth for investors.

Vestcor Inc boosted its stake in shares of Dakota Gold Corp. (NYSE:DC - Free Report) by 36.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,511,695 shares of the company's stock after buying an additional 404,065 shares during the period. Vestcor Inc owned approximately 1.52% of Dakota Gold worth $4,006,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in Dakota Gold by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,473,599 shares of the company's stock worth $3,243,000 after buying an additional 15,046 shares during the period. Trek Financial LLC lifted its holdings in shares of Dakota Gold by 853.7% in the 1st quarter. Trek Financial LLC now owns 1,225,045 shares of the company's stock worth $3,246,000 after acquiring an additional 1,096,590 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Dakota Gold by 3.8% in the 4th quarter. Northern Trust Corp now owns 573,540 shares of the company's stock worth $1,262,000 after acquiring an additional 20,979 shares during the last quarter. Renaissance Technologies LLC boosted its stake 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 purchasing an additional 472,707 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Dakota Gold by 18.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 485,227 shares of the company's stock valued at $1,067,000 after purchasing an additional 76,177 shares during the last quarter. Hedge funds and other institutional investors own 37.41% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Canaccord Genuity Group set a $12.00 price objective on shares of Dakota Gold in a research note on Tuesday, June 3rd. BMO Capital Markets reiterated an "outperform" rating and issued a $9.00 price target (up from $7.50) on shares of Dakota Gold in a report on Thursday, July 10th.

Dakota Gold Stock Performance

DC stock traded up $0.05 during midday trading on Monday, reaching $3.66. The company's stock had a trading volume of 247,873 shares, compared to its average volume of 566,650. Dakota Gold Corp. has a 1 year low of $1.84 and a 1 year high of $4.47. The firm has a market capitalization of $410.36 million, a price-to-earnings ratio of -8.91 and a beta of 1.12. The stock has a fifty day simple moving average of $3.81 and a two-hundred day simple moving average of $3.15.

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.