Dakota Gold (NYSE:DC) Stock Price Up 1.8% – What’s Next?

Dakota Gold Corp. (NYSE:DC)’s stock price rose 1.8% during trading on Tuesday . The company traded as high as $3.88 and last traded at $3.86. Approximately 617,634 shares were traded during trading, an increase of 9% from the average daily volume of 568,594 shares. The stock had previously closed at $3.79.

Wall Street Analyst Weigh In

DC has been the topic of a number of research analyst reports. BMO Capital Markets reissued an “outperform” rating and set a $9.00 price objective (up previously from $7.50) on shares of Dakota Gold in a report on Thursday, July 10th. Canaccord Genuity Group set a $12.00 price objective on shares of Dakota Gold in a report on Tuesday, June 3rd.

Dakota Gold Trading Up 1.8%

The stock has a market cap of $433.37 million, a P/E ratio of -9.41 and a beta of 1.12. The business’s fifty day simple moving average is $3.77 and its 200 day simple moving average is $3.12.

Hedge Funds Weigh In On Dakota Gold

Large investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its stake in Dakota Gold by 3.1% in the first quarter. Rhumbline Advisers now owns 117,416 shares of the company’s stock valued at $311,000 after acquiring an additional 3,543 shares during the last quarter. Bridgeway Capital Management LLC boosted its stake in Dakota Gold by 2.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 228,500 shares of the company’s stock valued at $503,000 after acquiring an additional 5,000 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Dakota Gold by 29.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 28,317 shares of the company’s stock worth $63,000 after acquiring an additional 6,416 shares during the last quarter. ProShare Advisors LLC grew its holdings in Dakota Gold by 54.5% during the fourth quarter. ProShare Advisors LLC now owns 19,735 shares of the company’s stock valued at $43,000 after purchasing an additional 6,965 shares during the period. Finally, Jane Street Group LLC increased its stake in Dakota Gold by 14.9% in the first quarter. Jane Street Group LLC now owns 58,867 shares of the company’s stock valued at $156,000 after purchasing an additional 7,626 shares in the last quarter. 37.41% of the stock is currently owned by institutional investors and hedge funds.

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.