Universal Beteiligungs und Servicegesellschaft mbH Makes New $410,000 Investment in Dakota Gold Corp. $DC

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Dakota Gold Corp. (NYSE:DC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 90,000 shares of the company’s stock, valued at approximately $410,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DC. Nisa Investment Advisors LLC increased its stake in Dakota Gold by 109.8% in the second quarter. Nisa Investment Advisors LLC now owns 7,070 shares of the company’s stock valued at $26,000 after acquiring an additional 3,700 shares during the period. BNP Paribas Financial Markets lifted its stake in Dakota Gold by 120.5% during the second quarter. BNP Paribas Financial Markets now owns 8,309 shares of the company’s stock worth $31,000 after purchasing an additional 4,541 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in Dakota Gold by 130.7% during the second quarter. Ameritas Investment Partners Inc. now owns 8,788 shares of the company’s stock valued at $32,000 after purchasing an additional 4,978 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Dakota Gold in the 2nd quarter valued at approximately $59,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Dakota Gold in the 2nd quarter worth approximately $64,000. 37.41% of the stock is owned by institutional investors.

Insider Activity at Dakota Gold

In related news, CFO Shawn Campbell sold 55,000 shares of the stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $6.30, for a total transaction of $346,500.00. Following the completion of the sale, the chief financial officer directly owned 179,491 shares of the company’s stock, valued at approximately $1,130,793.30. This represents a 23.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Quartermain sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $6.88, for a total transaction of $1,720,000.00. Following the completion of the transaction, the chief executive officer owned 7,493,244 shares of the company’s stock, valued at $51,553,518.72. This trade represents a 3.23% decrease in their position. The SEC filing for this sale provides additional information. 17.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DC has been the subject of several analyst reports. HC Wainwright began coverage on Dakota Gold in a research report on Monday, January 5th. They set a “buy” rating and a $9.75 target price for the company. Zacks Research raised Dakota Gold to a “hold” rating in a report on Tuesday, January 6th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.25.

Dakota Gold Stock Down 1.1%

Shares of DC opened at $5.93 on Tuesday. The stock’s fifty day simple moving average is $5.80 and its 200-day simple moving average is $4.82. The firm has a market capitalization of $671.08 million, a PE ratio of -14.45 and a beta of 1.08. Dakota Gold Corp. has a 12-month low of $2.21 and a 12-month high of $7.25.

Dakota Gold Company Profile

Dakota Gold Corp (NYSE:DC) is a mineral exploration and development company focused on advancing gold projects within the United States. The company’s primary asset is the historic Homestake District in South Dakota’s Black Hills, where it seeks to redevelop gold-bearing tailings and low‐grade ore volumes for open‐pit heap leach processing. Dakota Gold pursues a staged approach, combining exploration, resource delineation and economic studies to unlock value from legacy mine materials.

The firm’s flagship property comprises sealed tailings impoundments and adjacent low‐grade stockpiles left over from the Homestake Gold Mine, which operated from 1876 until 2002.