Renaissance Technologies LLC Purchases 5,900 Shares of Dakota Gold Corp. (NYSE:DC)

Renaissance Technologies LLC increased its position in Dakota Gold Corp. (NYSE:DC) by 15.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,500 shares of the company’s stock after purchasing an additional 5,900 shares during the quarter. Renaissance Technologies LLC’s holdings in Dakota Gold were worth $113,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in DC. Bank of New York Mellon Corp boosted its position in shares of Dakota Gold by 32.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 194,347 shares of the company’s stock worth $496,000 after purchasing an additional 47,172 shares during the last quarter. Vanguard Group Inc. lifted its stake in Dakota Gold by 3.6% in the first quarter. Vanguard Group Inc. now owns 2,866,104 shares of the company’s stock valued at $6,793,000 after buying an additional 100,799 shares during the period. Virtu Financial LLC bought a new position in Dakota Gold during the first quarter worth about $42,000. Van ECK Associates Corp grew its position in shares of Dakota Gold by 3.7% during the 1st quarter. Van ECK Associates Corp now owns 3,614,465 shares of the company’s stock worth $8,566,000 after buying an additional 130,099 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Dakota Gold by 17.3% in the 2nd quarter. Rhumbline Advisers now owns 80,867 shares of the company’s stock valued at $206,000 after acquiring an additional 11,926 shares during the last quarter. 37.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets assumed coverage on shares of Dakota Gold in a research note on Friday, September 6th. They set an “outperform” rating and a $6.00 price objective on the stock.

Dakota Gold Price Performance

Shares of DC stock opened at $2.19 on Monday. Dakota Gold Corp. has a 12-month low of $1.84 and a 12-month high of $3.25. The firm has a fifty day moving average of $2.22 and a 200-day moving average of $2.46. The firm has a market capitalization of $205.12 million, a price-to-earnings ratio of -5.34 and a beta of 1.11.

Dakota Gold (NYSE:DC) last posted its earnings results on Tuesday, August 13th. The company reported ($0.10) earnings per share (EPS) for the quarter.

Dakota Gold Profile

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.