Renaissance Technologies LLC Raises Stock Position in Dakota Gold Corp. (NYSE:DC)

Renaissance Technologies LLC lifted its stake in Dakota Gold Corp. (NYSE:DC - Free Report) by 566.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 556,107 shares of the company's stock after buying an additional 472,707 shares during the period. Renaissance Technologies LLC owned approximately 0.59% of Dakota Gold worth $1,223,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Barclays PLC increased its position in Dakota Gold by 294.0% during the third quarter. Barclays PLC now owns 93,667 shares of the company's stock worth $222,000 after buying an additional 69,896 shares during the period. Geode Capital Management LLC grew its position in shares of Dakota Gold by 4.4% during the third quarter. Geode Capital Management LLC now owns 1,458,553 shares of the company's stock worth $3,443,000 after acquiring an additional 60,918 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Dakota Gold in the 3rd quarter valued at $55,000. ORG Wealth Partners LLC purchased a new stake in Dakota Gold in the 4th quarter valued at $202,000. Finally, SG Americas Securities LLC boosted its stake in Dakota Gold by 48.3% during the 4th quarter. SG Americas Securities LLC now owns 34,469 shares of the company's stock worth $76,000 after purchasing an additional 11,229 shares during the period. 37.41% of the stock is owned by hedge funds and other institutional investors.

Dakota Gold Trading Down 0.7 %

Dakota Gold stock opened at $2.75 on Wednesday. The stock has a 50 day moving average of $2.85 and a two-hundred day moving average of $2.54. Dakota Gold Corp. has a twelve month low of $1.84 and a twelve month high of $3.50. The stock has a market capitalization of $273.56 million, a price-to-earnings ratio of -6.71 and a beta of 1.00.

Wall Street Analysts Forecast Growth

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

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.