Virtu Financial LLC Takes $188,000 Position in Dakota Gold Corp. $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 Dakota Gold Corp. (NYSE:DC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. Vestcor Inc increased its holdings in shares of Dakota Gold by 36.5% in the first quarter. Vestcor Inc now owns 1,511,695 shares of the company's stock valued at $4,006,000 after buying an additional 404,065 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Dakota Gold by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,473,599 shares of the company's stock valued at $3,243,000 after buying an additional 15,046 shares in the last quarter. Trek Financial LLC increased its holdings in shares of Dakota Gold by 853.7% in the first quarter. Trek Financial LLC now owns 1,225,045 shares of the company's stock valued at $3,246,000 after buying an additional 1,096,590 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Dakota Gold by 3.8% in the fourth quarter. Northern Trust Corp now owns 573,540 shares of the company's stock valued at $1,262,000 after buying an additional 20,979 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Dakota Gold by 566.8% in the fourth quarter. Renaissance Technologies LLC now owns 556,107 shares of the company's stock valued at $1,223,000 after buying an additional 472,707 shares in the last quarter. Institutional investors own 37.41% of the company's stock.

Dakota Gold Trading Up 1.8%

NYSE:DC traded up $0.07 during trading hours on Thursday, hitting $3.91. 493,363 shares of the stock traded hands, compared to its average volume of 567,822. The firm has a 50 day moving average price of $3.95 and a 200 day moving average price of $3.30. Dakota Gold Corp. has a fifty-two week low of $2.05 and a fifty-two week high of $4.47. The firm has a market cap of $439.27 million, a price-to-earnings ratio of -9.54 and a beta of 1.12.

Analyst Ratings Changes

Several research analysts have issued reports on the company. BMO Capital Markets reaffirmed an "outperform" rating and issued a $9.00 price target (up previously from $7.50) on shares of Dakota Gold in a report on Thursday, July 10th. Canaccord Genuity Group set a $12.00 target price on shares of Dakota Gold in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $10.50.

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.