Virtu Financial LLC Takes $188,000 Position in Dakota Gold Corp. (NYSE:DC)

Key Points

• Virtu Financial LLC has acquired a new stake in Dakota Gold Corp., purchasing 71,008 shares valued at approximately $188,000. This investment constitutes about 0.07% of Dakota Gold as of the latest reporting period.
• Several institutional investors have increased their positions in Dakota Gold, with Millennium Management LLC making the largest increase of 87.4% during the fourth quarter.
• Analysts have set optimistic price targets for Dakota Gold, with BMO Capital Markets raising its price objective from $7.50 to $9.00, and Canaccord Genuity Group setting a target of $12.00.

Virtu Financial LLC purchased a new stake in shares of Dakota Gold Corp. (NYSE:DC - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 71,008 shares of the company's stock, valued at approximately $188,000. Virtu Financial LLC owned approximately 0.07% of Dakota Gold at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ProShare Advisors LLC lifted its holdings in shares of 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 purchasing an additional 6,965 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Dakota Gold by 29.3% during 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 during the last quarter. Two Sigma Advisers LP purchased a new stake in Dakota Gold during the fourth quarter valued at $64,000. Millennium Management LLC increased its position in Dakota Gold by 87.4% during 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 during the last quarter. Finally, MetLife Investment Management LLC increased its position in Dakota Gold by 43.0% during 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 during the last quarter. 37.41% of the stock is owned by institutional investors.

Dakota Gold Stock Performance

Dakota Gold stock opened at $3.99 on Friday. The stock has a market cap of $447.97 million, a PE ratio of -9.73 and a beta of 1.12. Dakota Gold Corp. has a one year low of $2.00 and a one year high of $4.47. The stock has a fifty day moving average of $3.95 and a 200 day moving average of $3.27.

Analysts Set New Price Targets

DC has been the subject of a number of research reports. BMO Capital Markets reiterated an "outperform" rating and set a $9.00 price objective (up previously from $7.50) on shares of Dakota Gold in a research report on Thursday, July 10th. Canaccord Genuity Group set a $12.00 price objective on Dakota Gold in a research report on Tuesday, June 3rd.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.