Dakota Gold (NYSE:DC) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Dakota Gold (NYSE:DC) had its price target lifted by BMO Capital Markets from $6.00 to $7.50 in a research note published on Monday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Dakota Gold Stock Performance

Shares of NYSE:DC opened at $3.14 on Monday. Dakota Gold has a one year low of $1.84 and a one year high of $3.35. The stock has a fifty day moving average of $2.32 and a 200-day moving average of $2.27. The company has a market capitalization of $296.51 million, a PE ratio of -7.66 and a beta of 1.10.

Insider Activity

In other Dakota Gold news, CEO Robert Quartermain bought 20,000 shares of Dakota Gold stock in a transaction dated Thursday, November 21st. The stock was bought at an average price of $2.21 per share, for a total transaction of $44,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 7,617,877 shares of the company’s stock, valued at approximately $16,835,508.17. This trade represents a 0.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders purchased 59,490 shares of company stock worth $129,543. Insiders own 26.02% of the company’s stock.

Institutional Trading of Dakota Gold

Hedge funds have recently modified their holdings of the business. SeaCrest Wealth Management LLC lifted its holdings in shares of Dakota Gold by 50.3% in the third quarter. SeaCrest Wealth Management LLC now owns 19,711 shares of the company’s stock valued at $47,000 after purchasing an additional 6,600 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Dakota Gold in the third quarter valued at $55,000. SG Americas Securities LLC purchased a new stake in shares of Dakota Gold in the third quarter valued at $55,000. Intech Investment Management LLC lifted its holdings in shares of Dakota Gold by 200.7% in the fourth quarter. Intech Investment Management LLC now owns 30,369 shares of the company’s stock valued at $67,000 after purchasing an additional 20,270 shares in the last quarter. Finally, Pitcairn Co. purchased a new stake in shares of Dakota Gold in the third quarter valued at $71,000. 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.