BMO Capital Markets began coverage on shares of Dakota Gold (NYSE:DC – Free Report) in a report published on Friday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $6.00 price objective on the stock.
Dakota Gold Stock Down 3.3 %
Shares of NYSE DC opened at $2.23 on Friday. Dakota Gold has a 52 week low of $1.84 and a 52 week high of $3.25. The firm’s fifty day moving average is $2.27 and its 200 day moving average is $2.43. The company has a market cap of $208.39 million, a price-to-earnings ratio of -5.06 and a beta of 1.11.
Dakota Gold (NYSE:DC – Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.10) EPS for the quarter.
Insider Transactions at Dakota Gold
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Orion Resource Partners USA LP purchased a new stake in shares of Dakota Gold during the fourth quarter valued at approximately $17,467,000. Donald Smith & CO. Inc. purchased a new stake in Dakota Gold during the 2nd quarter valued at $778,000. Marshall Wace LLP purchased a new stake in Dakota Gold during the 2nd quarter valued at $666,000. Van ECK Associates Corp increased its holdings in shares of Dakota Gold by 3.7% in the 1st quarter. Van ECK Associates Corp now owns 3,614,465 shares of the company’s stock worth $8,566,000 after purchasing an additional 130,099 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Dakota Gold by 3.6% in the first quarter. Vanguard Group Inc. now owns 2,866,104 shares of the company’s stock worth $6,793,000 after purchasing an additional 100,799 shares during the last quarter. Hedge funds and other institutional investors own 37.41% of the company’s stock.
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.
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