Marshall Wace LLP Increases Stock Position in Dakota Gold Corp. (NYSE:DC)

Marshall Wace LLP lifted its holdings in Dakota Gold Corp. (NYSE:DC - Free Report) by 165.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 310,916 shares of the company's stock after buying an additional 193,689 shares during the quarter. Marshall Wace LLP owned approximately 0.33% of Dakota Gold worth $684,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in Dakota Gold in the 3rd quarter worth approximately $55,000. Intech Investment Management LLC raised its position in shares of 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. SG Americas Securities LLC lifted its position in shares of Dakota Gold by 48.3% in the fourth quarter. SG Americas Securities LLC now owns 34,469 shares of the company's stock valued at $76,000 after acquiring an additional 11,229 shares in the last quarter. Symmetry Partners LLC acquired a new stake in Dakota Gold during the 4th quarter worth $82,000. Finally, Wells Fargo & Company MN raised its holdings in Dakota Gold by 28.0% in the 4th quarter. Wells Fargo & Company MN now owns 51,129 shares of the company's stock valued at $112,000 after acquiring an additional 11,185 shares during the last quarter. 37.41% of the stock is currently owned by institutional investors.

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 stock an "outperform" rating in a research report on Monday, February 10th.

Dakota Gold Stock Up 0.5 %

NYSE DC traded up $0.02 on Wednesday, reaching $2.80. The stock had a trading volume of 40,281 shares, compared to its average volume of 342,393. Dakota Gold Corp. has a 12-month low of $1.84 and a 12-month high of $3.50. The stock has a fifty day moving average price of $2.81 and a two-hundred day moving average price of $2.55. The firm has a market capitalization of $278.04 million, a price-to-earnings ratio of -6.82 and a beta of 1.00.

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.