JPMorgan Chase & Co. raised its position in Dakota Gold Corp. (NYSE:DC - Free Report) by 109.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,602 shares of the company's stock after purchasing an additional 136,565 shares during the quarter. JPMorgan Chase & Co. owned 0.28% of Dakota Gold worth $576,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of DC. Virtu Financial LLC acquired a new stake in Dakota Gold during the 3rd quarter valued at $55,000. Intech Investment Management LLC boosted its holdings in shares of Dakota Gold by 200.7% in the 4th quarter. Intech Investment Management LLC now owns 30,369 shares of the company's stock valued at $67,000 after buying an additional 20,270 shares during the period. SG Americas Securities LLC grew its position in shares of Dakota Gold by 48.3% during 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. Symmetry Partners LLC acquired a new stake in shares of Dakota Gold during the 4th quarter worth approximately $82,000. Finally, ORG Wealth Partners LLC bought a new stake in Dakota Gold in the fourth quarter valued at $202,000. 37.41% of the stock is owned by institutional investors and hedge funds.
Dakota Gold Stock Performance
Shares of NYSE DC remained flat at $2.78 during mid-day trading on Tuesday. 344,107 shares of the company were exchanged, compared to its average volume of 343,592. The firm has a market capitalization of $276.55 million, a price-to-earnings ratio of -6.78 and a beta of 1.00. Dakota Gold Corp. has a fifty-two week low of $1.84 and a fifty-two week high of $3.50. The company has a fifty day moving average of $2.81 and a two-hundred day moving average of $2.55.
Analysts Set New Price Targets
Separately, BMO Capital Markets increased their price objective on Dakota Gold from $6.00 to $7.50 and gave the stock an "outperform" rating in a report on Monday, February 10th.
Get Our Latest Stock Analysis on DC
About Dakota Gold
(
Free Report)
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.
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