Sei Investments Co. Invests $805,000 in Dakota Gold Corp. $DC

Sei Investments Co. acquired a new stake in Dakota Gold Corp. (NYSE:DC) in the 1st quarter, Holdings Channel reports. The fund acquired 159,406 shares of the company’s stock, valued at approximately $805,000.

A number of other hedge funds have also made changes to their positions in DC. BNP Paribas Financial Markets raised its holdings 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 in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Dakota Gold by 105.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,203 shares of the company’s stock valued at $41,000 after purchasing an additional 3,703 shares in the last quarter. Financial Engines Advisors L.L.C. acquired a new position in shares of Dakota Gold during the 3rd quarter valued at $46,000. Sherbrooke Park Advisers LLC acquired a new position in shares of Dakota Gold during the 3rd quarter valued at $46,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Dakota Gold in the 3rd quarter worth $46,000. Institutional investors and hedge funds own 37.41% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Todd J. Kenner purchased 17,921 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was 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 $100,357.60. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jennifer S. Grafton sold 15,511 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $5.56, for a total transaction of $86,241.16. Following the transaction, the director directly owned 144,560 shares in the company, valued at $803,753.60. The trade was a 9.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.50% of the stock is owned by corporate insiders.

Dakota Gold Trading Down 1.6%

Shares of NYSE DC opened at $6.17 on Friday. Dakota Gold Corp. has a one year low of $3.74 and a one year high of $7.25. The business has a 50-day moving average price of $4.77 and a two-hundred day moving average price of $5.41. The firm has a market capitalization of $826.34 million, a PE ratio of -15.05 and a beta of 1.19.

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.