Dakota Gold Corp. (NYSE:DC) Shares Purchased by Vestcor Inc

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

Other institutional investors have also modified their holdings of the company. ProShare Advisors LLC increased its holdings in Dakota Gold by 54.5% in the 4th quarter. ProShare Advisors LLC now owns 19,735 shares of the company's stock worth $43,000 after acquiring an additional 6,965 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Dakota Gold by 29.3% during the 4th 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 during the last quarter. Two Sigma Advisers LP acquired a new position in Dakota Gold in the fourth quarter valued at about $64,000. Millennium Management LLC lifted its position 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 buying an additional 14,790 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of Dakota Gold by 43.0% during the fourth quarter. MetLife Investment Management LLC now owns 37,921 shares of the company's stock worth $83,000 after purchasing an additional 11,405 shares in the last quarter. 37.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently 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 reaffirmed an "outperform" rating and set 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

Dakota Gold stock traded up $0.01 during midday trading on Friday, reaching $3.61. 708,377 shares of the company were exchanged, compared to its average volume of 568,905. The company has a market capitalization of $405.31 million, a price-to-earnings ratio of -8.80 and a beta of 1.12. The firm's 50-day simple moving average is $3.81 and its 200-day simple moving average is $3.14. Dakota Gold Corp. has a 1 year low of $1.84 and a 1 year high of $4.47.

Dakota Gold Company 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.