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

Dakota Gold (NYSE:DC) had its price target raised by equities researchers at BMO Capital Markets from $6.00 to $7.50 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 138.10% from the stock’s previous close.

Dakota Gold Stock Up 2.3 %

Shares of DC opened at $3.15 on Monday. The company has a 50-day simple moving average of $2.27 and a 200-day simple moving average of $2.26. Dakota Gold has a 52-week low of $1.84 and a 52-week high of $3.25. The company has a market capitalization of $297.45 million, a PE ratio of -7.68 and a beta of 1.10.

Insiders Place Their Bets

In other Dakota Gold news, CEO Robert Quartermain bought 20,000 shares of Dakota Gold stock in a transaction that occurred on Thursday, November 21st. The shares were acquired at an average price of $2.21 per share, for a total transaction of $44,200.00. Following the acquisition, the chief executive officer now owns 7,617,877 shares of the company’s stock, valued at $16,835,508.17. The trade was a 0.26 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have purchased a total of 59,490 shares of company stock valued at $129,543 over the last quarter. Company insiders own 26.02% of the company’s stock.

Institutional Investors Weigh In On Dakota Gold

Hedge funds and other institutional investors have recently bought and sold shares of the business. SeaCrest Wealth Management LLC lifted its position in Dakota Gold by 50.3% in the 3rd 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 during the last quarter. SG Americas Securities LLC bought a new stake in shares of Dakota Gold during the third quarter valued at about $55,000. Virtu Financial LLC acquired a new stake in Dakota Gold in the third quarter worth about $55,000. Pitcairn Co. bought a new position in Dakota Gold in the 3rd quarter valued at about $71,000. Finally, Renaissance Technologies LLC increased its stake in Dakota Gold by 15.3% during the 2nd quarter. Renaissance Technologies LLC now owns 44,500 shares of the company’s stock valued at $113,000 after buying an additional 5,900 shares during the period. 37.41% of the stock is currently owned by hedge funds and other institutional investors.

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.