JPMorgan Chase & Co. Acquires 136,565 Shares of Dakota Gold Corp. (NYSE:DC)

JPMorgan Chase & Co. grew its position in Dakota Gold Corp. (NYSE:DC - Free Report) by 109.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 261,602 shares of the company's stock after acquiring an additional 136,565 shares during the period. JPMorgan Chase & Co. owned 0.28% of Dakota Gold worth $576,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC boosted its position in Dakota Gold by 48.3% in the 4th quarter. SG Americas Securities LLC now owns 34,469 shares of the company's stock valued at $76,000 after buying an additional 11,229 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Dakota Gold by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 194,745 shares of the company's stock worth $428,000 after purchasing an additional 15,081 shares during the period. Intech Investment Management LLC raised its holdings in Dakota Gold by 200.7% during the 4th quarter. Intech Investment Management LLC now owns 30,369 shares of the company's stock worth $67,000 after purchasing an additional 20,270 shares during the last quarter. Virtu Financial LLC acquired a new position in Dakota Gold during the 3rd quarter valued at about $55,000. Finally, Symmetry Partners LLC bought a new position in shares of Dakota Gold in the 4th quarter valued at about $82,000. 37.41% of the stock is owned by institutional investors and hedge funds.

Dakota Gold Stock Down 1.1 %

NYSE DC traded down $0.03 on Friday, reaching $2.63. The company had a trading volume of 309,382 shares, compared to its average volume of 341,356. Dakota Gold Corp. has a 52 week low of $1.84 and a 52 week high of $3.50. The stock has a market cap of $261.62 million, a price-to-earnings ratio of -6.41 and a beta of 1.00. The stock's 50 day moving average is $2.82 and its 200-day moving average is $2.55.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets raised their price objective on shares of Dakota Gold from $6.00 to $7.50 and gave the company an "outperform" rating in a research note on Monday, February 10th.

About Dakota Gold

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.