BlackRock Fund Advisors recently announced the acquisition of new stake in Dakota Gold Corp. (AMEX:DC). The institutional investor has increased its shareholding in the Basic Materials company by 34.09% to 2.59 million shares with purchase of 0.66 million shares. This fresh investment now brings its stake to 3.54% valued currently at $7.91 million. In addition, Fidelity Management & Research Co raised its holdings by 433.0 to 2.5 million shares. And The Vanguard Group, Inc. has lifted its position by 45.19% or 0.72 million shares – to 2.32 million shares.
With over 0.14 million Dakota Gold Corp. (DC) shares trading Friday and a closing price of $3.64 on the day, the dollar volume was approximately $0.51 million. The shares have shown a positive half year performance of 7.37% and its price on 01/13/23 gained nearly 2.25%. Currently, there are 72.03M common shares owned by the public and among those 14.19M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for DC have a consensus price objective of $4.75. The analysts have set the share’s price value over the next 12 months at a high of $4.75 and a low of $4.75. The average price target is 23.37% above its recent price level and an upside to the estimated low will see the stock gain 23.37% over that period. But an upside of 23.37% will see the stock hit the forecast high price target while median target price for the stock is $4.75.
Insiders at the company have transacted a total of 36 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 28 of these insider trades were purchases, accounting for 6,328,157 shares. Insider sales of the common stock occurred on 8 occasions, with total insider shares sold totaling 250,250 shares.
The top 3 mutual fund holders in Dakota Gold Corp. are VanEck Junior Gold Miners ETF, Fidelity Select Port. – Gold Port, and CI Precious Metals Fund. VanEck Junior Gold Miners ETF owns 2.66 million shares of the company’s stock, all valued at over $8.11 million. CI Precious Metals Fund bought 0.62 million shares to bring its total holdings to over 1.72 million shares at a value of $5.25 million. CI Precious Metals Fund now owns shares totaling to 2.35% of the shares outstanding.
Shares of Dakota Gold Corp. (AMEX: DC) opened at $3.57, up $0.01 from a prior closing price of $3.56. However, the script later moved the day high at 3.6400, up 2.25%. The company’s stock has a 5-day price change of 1.11% and 7.37% over the past three months. It has a 12-month low price of $2.78 and touched a high of $8.47 over the same period. DC has an average intraday trading volume of 171.52K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.81%, 5.29%, and -1.09% respectively.
Institutional ownership of Dakota Gold Corp. (AMEX: DC) shares accounts for 23.90% of the company’s 72.03M shares outstanding. Mutual fund holders own 26.71%, while other institutional holders and individual stakeholders account for 5.85% and 17.96% respectively.
It has a market capitalization of $260.51M. The stock’s trailing 12-month PE ratio is 113.75, while the earnings-per-share (ttm) stands at $0.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.22% over the week and 6.95% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Dakota Gold Corp. (DC) as a “Strong Buy” at a consensus score of 1.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the DC, a number of firms have released research notes about the stock. Canaccord Genuity stated their Speculative Buy rating for the stock in a research note on September 12, 2022, with the firm’s price target at $5.25.