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

Dakota Gold (NYSE:DC - Get Free Report) had its price objective boosted by analysts at BMO Capital Markets from $6.00 to $7.50 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' target price points to a potential upside of 147.52% from the company's previous close.

Dakota Gold Price Performance

Shares of DC stock traded down $0.22 during trading hours on Monday, hitting $3.03. The stock had a trading volume of 317,553 shares, compared to its average volume of 345,722. The firm has a market capitalization of $286.12 million, a PE ratio of -7.39 and a beta of 1.10. Dakota Gold has a twelve month low of $1.84 and a twelve month high of $3.35. The stock's 50 day moving average is $2.36 and its 200 day moving average is $2.29.

Insider Buying and Selling

In related news, CEO Robert Quartermain purchased 20,000 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was purchased at an average cost of $2.21 per share, with a total value of $44,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 7,617,877 shares in the company, valued at $16,835,508.17. This trade represents a 0.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders purchased a total of 59,490 shares of company stock valued at $129,543 over the last three months. 26.02% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dakota Gold

Several hedge funds have recently modified their holdings of the stock. SeaCrest Wealth Management LLC lifted its holdings in Dakota Gold by 50.3% in the third quarter. SeaCrest Wealth Management LLC now owns 19,711 shares of the company's stock valued at $47,000 after acquiring an additional 6,600 shares during the period. Virtu Financial LLC acquired a new stake in Dakota Gold in the third quarter valued at $55,000. SG Americas Securities LLC acquired a new stake in Dakota Gold in the third quarter valued at $55,000. Price T Rowe Associates Inc. MD lifted its holdings in Dakota Gold by 29.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,317 shares of the company's stock valued at $63,000 after acquiring an additional 6,416 shares during the period. Finally, Intech Investment Management LLC lifted its holdings in Dakota Gold by 200.7% in the fourth quarter. Intech Investment Management LLC now owns 30,369 shares of the company's stock valued at $67,000 after acquiring an additional 20,270 shares during the period. 37.41% of the stock is 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.