GSA Capital Partners LLP Takes Position in Dakota Gold Corp. $DC

GSA Capital Partners LLP acquired a new position in shares of Dakota Gold Corp. (NYSE:DC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 96,050 shares of the company’s stock, valued at approximately $409,000. GSA Capital Partners LLP owned approximately 0.07% of Dakota Gold as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Royal Bank of Canada boosted its stake in Dakota Gold by 704.6% in the 1st quarter. Royal Bank of Canada now owns 574,105 shares of the company’s stock worth $2,899,000 after purchasing an additional 502,754 shares during the period. Renaissance Technologies LLC increased its holdings in Dakota Gold by 142.1% during the 1st quarter. Renaissance Technologies LLC now owns 601,889 shares of the company’s stock worth $3,040,000 after purchasing an additional 353,289 shares in the last quarter. Euro Pacific Asset Management LLC raised its stake in shares of Dakota Gold by 15.8% in the 1st quarter. Euro Pacific Asset Management LLC now owns 3,534,049 shares of the company’s stock valued at $18,103,000 after purchasing an additional 482,565 shares during the period. Amundi raised its stake in shares of Dakota Gold by 43.3% in the 1st quarter. Amundi now owns 2,150,000 shares of the company’s stock valued at $10,858,000 after purchasing an additional 650,000 shares during the period. Finally, Groupe la Francaise lifted its holdings in shares of Dakota Gold by 154.5% in the first quarter. Groupe la Francaise now owns 1,400,000 shares of the company’s stock valued at $7,041,000 after purchasing an additional 850,000 shares in the last quarter. 37.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Todd J. Kenner bought 17,921 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average cost of $5.60 per share, for a total transaction of $100,357.60. Following the completion of the acquisition, the director owned 17,921 shares in the company, valued at approximately $100,357.60. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 8.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DC shares. Canadian Imperial Bank of Commerce assumed coverage on Dakota Gold in a research report on Tuesday, May 5th. They set an “outperform” rating and a $11.00 price objective for the company. HC Wainwright lifted their target price on Dakota Gold from $10.50 to $10.75 and gave the company a “buy” rating in a research report on Thursday, July 16th. Finally, Canaccord Genuity Group boosted their target price on Dakota Gold from $16.00 to $18.00 and gave the company a “speculative buy” rating in a research note on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.44.

Dakota Gold Stock Down 0.3%

Shares of Dakota Gold stock opened at $6.15 on Friday. Dakota Gold Corp. has a 12-month low of $3.79 and a 12-month high of $7.25. The stock has a market cap of $825.16 million, a P/E ratio of -15.00 and a beta of 1.19. The business’s 50 day moving average is $4.92 and its 200-day moving average is $5.40.

Dakota Gold 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.